Tuesday, February 22, 2011

US housing double-dip, continued, again

"Ouch, nearly everywhere.

The Case-Shiller house price numbers are out for December — and as always, they show a three monthly average (in this case for October, November and December) with a two month lag.

From the release (emphasis ours):

New York, February 22, 2011 – Data through December 2010, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that the U.S. National Home Price Index declined by 3.9% during the fourth quarter of 2010..."

at http://ftalphaville.ft.com/blog/2011/02/22/495126/us-housing-double-dip-continued-again/

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