The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is an influential gauge of the U.S. housing market.
This index offers vital insights into the health of the real estate sector and has significant implications for the broader 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 U.S. National Home Price NSA Index, developed by economists Karl Case and Robert Shiller, tracks changes in the value of residential real estate across the United States.
The index is based on a repeat-sales methodology, which compares the sale prices of the same homes over time, factoring in quality and size.
This approach eliminates the potential bias introduced by fluctuations in the types of homes sold during different periods.
The index is published as a monthly report and includes both a national composite index, which covers all nine U.S. Census divisions, and individual metropolitan area indices for 20 major cities.
How to Read the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index
When interpreting the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, consider the following factors:
- Index levels: Monitor the index levels, which indicate the current state of the housing market. A rising index suggests increasing house prices, while a falling index signals declining house prices.
- Year-over-year changes: Assess the year-over-year percentage changes in the index, which can provide insights into housing market trends and the overall health of the economy.
- Regional variations: Examine the data for individual cities or regions to identify localized trends and potential investment opportunities.
- Seasonal adjustments: Be aware of seasonal factors that can impact the index, such as increased home sales during the spring and summer months.
Why is the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index important?
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index plays a crucial role in understanding the housing market and its impact on the economy:
- The index serves as a benchmark for assessing the health of the real estate sector and its contribution to overall economic growth.
- Policymakers use the index to evaluate the effectiveness of housing policies and make informed decisions about interest rates and other macroeconomic policies.
- Investors and financial institutions use the index to identify investment opportunities, manage risk, 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 indices, in collaboration with CoreLogic, a leading property data and analytics company.
The index is based on data collected from public records and multiple listing services, ensuring its accuracy and reliability.
When is the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index released?
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index is typically released on a monthly basis, 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, making it accessible to anyone interested in the data.