U.S. Aug. S&P/Case-Shiller Home Price Index: Summary

By Alex Tanzi

Oct. 28 (Bloomberg) -- The following table shows the change in the U.S. composite home price index from S&P/Case-Shiller.


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Aug. July June May April March Feb.
2008 2008 2008 2008 2008 2008 2008
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-------------- US Composite-20 City Index -------------
Monthly % -1.03% -0.88% -0.50% -0.81% -1.28% -2.14% -2.62%
3-Mth Annualized -9.25% -8.43% -9.90% -15.71% -21.68% -24.90% -24.76%
Yearly % -16.62% -16.32% -15.88% -15.75% -15.23% -14.33% -12.70%
Index Level 164.57 166.29 167.77 168.61 169.99 172.20 175.97
-------------- US Composite-10 City Index -------------
Monthly % -1.10% -1.08% -0.58% -0.99% -1.47% -2.36% -2.79%
3-Mth Annualized -10.51% -10.11% -11.52% -17.66% -23.51% -26.01% -25.62%
Yearly % -17.72% -17.45% -16.96% -16.84% -16.24% -15.27% -13.54%
Index Level 176.60 178.56 180.51 181.57 183.38 186.12 190.61
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Current Previous 3-Mth YoY% Index
MoM% MoM% Annual% Change Level
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US Composite-20 -1.03% -0.88% -9.25% -16.62% 164.57
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Cleveland 1.07% -0.28% 6.24% -6.61% 110.54
Boston 0.10% 0.17% 6.15% -4.74% 162.75
Denver -0.02% 0.77% 9.28% -5.07% 132.64
Chicago -0.05% -0.35% -1.09% -9.80% 149.53
Atlanta -0.21% 0.34% 1.68% -8.52% 124.82
Dallas -0.21% 0.60% 4.35% -2.66% 122.90
New York -0.24% -0.72% -2.83% -6.92% 192.84
Washington DC -0.32% -1.07% -8.54% -15.36% 194.86
Tampa -0.44% -0.02% -6.26% -18.14% 174.30
Seattle -0.72% -0.99% -7.46% -8.80% 175.24
Charlotte -0.83% -0.19% -3.15% -2.78% 132.10
Detroit -0.83% 0.57% -1.37% -17.16% 92.44
Minneapolis -1.01% 1.29% 4.79% -13.80% 141.94
Portland -1.31% -0.47% -7.95% -7.56% 171.93
Los Angeles -1.75% -1.63% -17.65% -26.69% 189.18
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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:
Alex Tanzi in Washington at atanzi@bloomberg.net