U.S. June S&P/Case-Shiller Home Price Index: Summary (Table)

By Alex Tanzi

Aug. 26 (Bloomberg) -- The following table shows the change in the U.S. composite home price index from S&P/Case-Shiller.

==========================================================================
                  June     May    April   March   Feb.    Jan.    Dec.
                  2008    2008    2008    2008    2008    2008    2007
==========================================================================
                  -------------- US Composite-20 City Index -------------
Monthly %          -0.50%  -0.85%  -1.28%  -2.15%  -2.63%  -2.32%  -2.08%
3-Mth Annualized  -10.05% -15.87% -21.73% -24.98% -24.76% -23.07% -20.07%
Yearly %          -15.92% -15.78% -15.23% -14.34% -12.70% -10.67%  -9.01%
[bn:WBTKR=SPCS20:IND] Index Level []        167.69  168.54  169.99  172.19  175.98  180.73  185.02
                  -------------- US Composite-10 City Index -------------
Monthly %          -0.61%  -1.03%  -1.47%  -2.37%  -2.81%  -2.30%  -2.21%
3-Mth Annualized  -11.74% -17.84% -23.59% -26.13% -25.63% -23.57% -20.68%
Yearly %          -17.02% -16.88% -16.25% -15.28% -13.54% -11.38%  -9.74%
Index Level        180.38  181.48  183.37  186.10  190.62  196.13  200.74
==========================================================================

==============================================================
                 Current Previous 3-Mth   YoY%    Index
                  MoM%    MoM%   Annual% Change   Level
==============================================================
US Composite-20    -0.50%  -0.85% -10.05% -15.92%  167.69
--------------------------------------------------------------
Denver              1.48%   0.96%  13.88%  -4.67%  131.64
Boston              1.23%   1.04%   9.91%  -5.24%  162.32
Minneapolis         0.98%   0.56%  -2.12% -13.87%  141.50
Cleveland           0.73%  -0.61%  12.79%  -7.32%  109.67
Dallas              0.66%   1.01%  11.82%  -3.24%  122.38
Atlanta             0.60%   0.51%   1.71%  -8.10%  125.08
Charlotte           0.36%   1.02%   6.61%  -1.04%  133.64
Chicago             0.20%  -0.32%  -0.21%  -9.46%  150.25
New York            0.16%  -0.42%  -4.50%  -7.29%  194.22
Detroit            -0.09%  -1.07% -11.56% -16.29%   92.68
Seattle            -0.22%  -0.50%  -0.02%  -7.11%  178.28
Portland           -0.28%   0.38%   1.48%  -5.78%  175.03
Washington DC      -0.93%  -1.01% -11.20% -15.65%  197.39
Tampa              -1.15%  -0.76% -14.79% -20.14%  175.11
Los Angeles        -1.44%  -1.94% -20.22% -25.32%  195.74
==============================================================
                 Current Previous 3-Mth   YoY%    Index
 

NOTE: The S&P/Case-Shiller(R) Home Price Indices are constructed from
nonseasonally adjusted data on sales of individual properties. With this
method, changes in the index are derived only from actual changes in
selling prices of individual properties. Jan. 2000 = 100.

The S&P/Case-Shiller (R) index includes homes of all prices, while
the sample for the OFHEO index is based only on conforming mortgages
which leaves out much of the upper end of the housing market.

The composition of the U.S. metropolitan area captured by each of the
S&P/Case-Shiller(R) Home Price Indices (SPCSIs) is largely based upon the
most recent definitions established by the Office of Management and Budget
in 2003. With the exceptions of Chicago (as composed for the S&P/Case-Shiller
Home Price Index, akin to the OMB Chicago "Metropolitan Division") and New
York (as composed for the S&P/Case-Shiller New York Home Price Index, a
variant of the OMB New York "Combined Statistical Area"), these markets are
consistent with what OMB refers to as the "Metropolitan Statistical Area"
(MSA) of each city listed.  For more information on geographic composition
of the SPCSIs, please see
http://www.macromarkets.com/csi_housing/market_definitions.shtml

Composite Weights:
Atlanta              3.9%
Boston               5.3%
Charlotte            1.3%
Chicago              6.3%
Cleveland            1.7%
Dallas               4.0%
Denver               2.6%
Detroit              4.8%
Las Vegas            1.1%
Los Angeles         15.1%
Miami                3.6%
Minneapolis          2.8%
New York            19.4%
Phoenix              2.9%
Portland             1.9%
San Diego            3.9%
San Francisco        8.4%
Seattle              3.9%
Tampa                1.5%
Washington DC        5.6%

To contact the reporter on this story:
[bn:PRSN=1] Alex Tanzi [] in Washington at  atanzi@bloomberg.net