Highlights from the Case-Shiller/S&P (which is Cotality?) Housing report just out.

YEAR-OVER-YEAR
The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census
divisions, reported a 1.4% annual gain for November. The 10-City Composite showed an annual
increase of 2.0%, up from a 1.9% increase in the previous month. The 20-City Composite posted a
year-over-year increase of 1.4%, up from a 1.3% increase in the previous month.

MONTH-OVER-MONTH
The pre-seasonally adjusted U.S. National Index saw a drop of 0.1% and the 20-City Composite Index fell 0.03%, while the 10-City Composite Index increased 0.1%.

• The S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 1.4% annual gain for November, in line with the previous month.

• Real home values declined as consumer inflation (2.7%) outpaced the National Index gain
(1.4%) by 1.3 percentage points.

• Regional divergence persisted: Midwestern and Northeastern markets led by Chicago (+5.7%) and New York (+5.0%) posted gains, while Sun Belt cities including Tampa (–3.9%), Phoenix (–1.4%), Dallas (–1.4%), and Miami (–1.0%) saw declines.

Price chart, too:

A few minutes after the data announcement, stocks were hugely split with the Dow down more than 300 and the other indices showing gains.  In you have a personality split, this is your lucky day!

OK, go read the (way more fun) column: Two Post Tuesday: the “Matters Sort” – Warm-up Coming

~ure