Tuesday, July 17, 2012

Investors have been waiting for the housing market to pick up in order to add one more driver to economic growth. New homes require new appliances and furnishings - to say nothing of the investment in higher insurance. Then there are the parties to celebrate the new status in life!

The Case-Shiller Housing Index should make investors happy.


This index shows a year-to-date increase; 19 of the 20 cities in this index had higher home prices. Here's the monthly data:
Date                      Index
April 30, 2012:      138.55

Mar. 31, 2012:       137.63

Feb. 29, 2012:       136.63

Jan. 31, 2012:        136.49

Source: http://ycharts.com/indicators/case_shiller_home_price_index_composite_20

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