The S&P CoreLogic Case-Shiller U.S. National Home Prices NSA Index is an influential indicator of the U.S. housing market.
The index provides important insights into the health of the real estate industry and has significant implications for the wider economy, policymakers and investors.
What is the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index?
The S&P CoreLogic Case-Shiller National Home Price NSA Index, developed by economists Karl Case and Robert Shiller, tracks changes in residential real estate values across the United States.
The index is based on a repeat sales method that compares the sales price of the same home over time, taking into account quality and square footage.
This approach eliminates potential bias caused by fluctuations in the types of homes sold during different periods.
The index is published as a monthly report and includes a national composite index covering all nine U.S. Census divisions as well as individual metropolitan area indexes for 20 major cities.
How to interpret the S&P CoreLogic case-Shiller US National House Price NSA Index
When interpreting the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, consider the following factors:
- Index Levels: Monitors the index levels, which indicate the current conditions of the real estate market. An increase in the index indicates an increase in house prices, while a decrease in the index indicates a decrease in house prices.
- Year-over-Year Change: evaluates the year-over-year percentage change in the index, which can provide insight into housing market trends and the overall health of the economy.
- Regional Differences: Examine data for individual cities or regions to identify localized trends and potential investment opportunities.
- Seasonal Adjustments: Be aware of seasonal factors that may affect the index, such as increased home sales in the spring and summer.
Why is the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index important?
S&P CoreLogic Case – Shiller The NSA Index of National Home Prices plays a vital role in understanding the housing market and its impact on the economy:
- The index is a benchmark for assessing the health of the real estate industry and its contribution to overall economic growth.
- Policymakers use the index to evaluate the effectiveness of housing policy and make informed decisions about interest rates and other macroeconomic policies.
- Investors and financial institutions use the index to identify investment opportunities, manage risks and allocate resources in the real estate market.
Who publishes the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index?
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is compiled and published by S&P Dow Jones Indices, a leading provider of financial market indexes, in partnership with CoreLogic, a leading real estate data and analytics company.
The index is based on data collected from public records and multiple listing services, ensuring its accuracy and reliability.
When will the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index be released?
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is typically released monthly with a two-month lag from the end of the reporting period.
The report is publicly available on the S&P Dow Jones Indices website and can be accessed by anyone interested in the data.
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