About Those Housing #’s

by

Simple enough:

“NEW YORK, DECEMBER 31, 2024: S&P Dow Jones Indices (S&P DJI) today released the October 2024 results for the S&P CoreLogic Case-Shiller Indices. The leading measure of U.S. home prices recorded a 3.6% annual gain in October 2024, a slight deceleration from the previous annual gains in 2024.

YEAR-OVER-YEAR
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.6% annual return for October, down from a 3.9% annual gain in the previous month. The 10-City Composite saw an annual increase of 4.8%, down from a 5.2% annual increase in the previous month. The 20-City Composite posted a year-over-year increase of 4.2%, dropping from a 4.6% increase in the previous month. New York again reported the highest annual gain among the 20 cities with a 7.3% increase in October, followed by Chicago and Las Vegas with annual increases of 6.2% and 5.9%, respectively. Tampa posted the smallest year-over-year growth with 0.4%.

MONTH-OVER-MONTH
The pre-seasonally adjusted U.S. National Index, 20-City Composite, and 10-City Composite upward trends continued to reverse in October, with a -0.2% drop for the national index, and the 20-City and 10-City Composites saw -0.2% and -0.1% returns for this month, respectively. After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 0.3%, while
both the 20-City and 10-City Composite reported monthly rises of 0.3%.

And when we look at the average home price chart:

After the data, stock futures were holding about previous levels.

OK…on to this morning’s column…

g

15 thoughts on “About Those Housing #’s”

  1. Iggy Pop – “Home”

    I work so hard, so don’t trip me up
    Shakin’ a leg like the tail o’ the pup
    I’m payin’ dues till I register heat
    Sure hope I don’t end up on the street

    Home, boy
    Home, boy
    Everybody needs a home
    Home, boy
    Home, boy
    Everybody needs a home

    So many people rise and fall
    Who’s lookin’ after you at all?
    Nobody knows anybody at all
    Strangers in paradise down at the mall

    Home, boy
    Home, boy
    Everybody needs a home
    Home, boy
    Home, boy
    Everybody needs a home

    https://m.youtube.com/watch?v=0A9binTPMKU

  2. re: #39 & #38
    feat: #46 Wind Up

    Folks,
    The tumblers of history record that in December, 1952, a US Naval officer named James E. Carter led a US team assisting an emergency shutdown at the nuclear reactor meltdown site of Chalk River, On., near Ottawa. His 90 second safe window of radiation exposure inside the reactor allowed the future President to complete his tasked turning of one screw for history.

    President Ford passed in the evening on December 26, 2006 with State Funeral and interment completed by the end of January 2, 2007. Funeral arrangements were in the care of President Ford’s White House assistant and lawyer, Mr. Greg Willard. Mr. Willard’s webpage now as a Trustee of the Ford Presidential Foundation offers an image from the ’70’s. In it he and and a barefoot President Ford are shown at work on late evening paperwork.

    President Carter passed on December 29 and his State Funeral is not until January 9th. President Biden is listed as being in charge of the arrangements.

    A Schedule of Ceremonies is posted to the Jimmy Carter Presidential Library website. The unsigned December 30th press release #39-NR42 appears on the letterhead of the Joint Task Force National Capital Region. Perhaps their group operates under the Northern Command of the US military?

    President Biden interrupted his Christmas vacation on Sunday to deliver slightly under 10 minutes of remarks to media reflecting on he and President Carter. One imagines the established timeline of President Carter’s services will permit President Biden opportunity to continue his vacation and enjoy the sand beaches of St. Croix barefoot.

    • “deliver slightly under 10 minutes of remarks to media reflecting on he and President Carter.”

      …In which he managed to make Carter’s passing “all about Joe.” He also mentioned the fact that he and “Jimmy” became tight, nearly two years before he ever met Governor Carter.

      • WOW … quite a case of “Foreshadowing”!!

        The Psychic Investigators should get on that case right away while they can still interview the participant.

        • Yeah. I can be annoying AF, because for some reason my mind remembers these little bits of minutia that the popular media (and often, historians) have buried and wish [to be] forgotten. I also happen to be passingly satisfactory at simple arithmetic…

  3. “3.6% annual gain ”

    Home stuff has gone up in value. A gallon of paint is around $50.00. Cheaper paint is out there but then add in the cost for additional coats and labor to apply the coats. It’s a wash.

    Grass seed has become expensive. Out of the city one can sometimes get away with no lawn letting the weeds grow but then insects and rodents will move in and there’s a cost to dealing with those obstacles.

    The BlackRock fund didn’t track RE in Oct.

    BlackRock Real Estate Securities Fund (BIREX)

    https://finance.yahoo.com/quote/BIREX/

    • Last gallon of interior paint purchased at the local Benjamin Moore store last month was $76!!! Store owner said the same stuff two years ago would have cost 40 bucks. Thanks a lot, Joe!

  6. watching the old TV show MASH.. here’s the recipe..

    1 (12 ounce) can fully cooked luncheon meat (such as SPAM), cut into 1/4 inch slices
    1 cup all-purpose flour
    2 eggs, beaten
    2 cups Italian seasoned bread crumbs
    2tbsp Italian spaghetti seasoning ( blended)
    1/4 cup of Parmesan cheese
    1 jar of your favorite spaghetti sauce

    mix the bread crumbs Italian seasoning
    Parmesan cheese
    put in a bowl
    put the four in a separate bowl
    beaten eggs in a third bowl..
    put the spam slices in a pot and boil the spam a couple minutes this removes excess salt..
    let cool..
    then flour it dip in egg then crumbs egg then crumbs again
    place in a pan with hot oil and fry it till brown on both sides
    in a separate pan heat up your spaghetti sauce ..
    place the fried spam on a plate sauce and granted cheese on top serve with your favorite pasta..

  7. What if geopolitics crowd. If carter peace between egypt and Isreal wad last honest deal with carter gone peace is gone. With Russians in Afghanistan and Afghanistan war on Pakistan nucs may flow to egypt. China military more offset regime change if taiwan blows up oil reserves and torpedoes oil tankers. Politics would overwhelm military when 1.4 billion take it on. India on hold with chinese taking over lowlands for Pakistan afgan ingress to middle east for an army on occupiers. Gial has been rid world of west and take all there resources. Not enough for two. Nato and china

  9. Driver Rams Car Into Crowd on New Orleans’ Bourbon Street, Killing at Least 10

    At least 10 people were killed and 30 injured in New Orleans, Louisiana, early Wednesday after a driver plowed a vehicle into a crowd on Canal and Bourbon Street.

    BREAKING UPDATE FROM NEW ORLEANS: Witnesses told @CBSNews reporter Kati Weis that a truck crashed into a crowd on Bourbon Street at high speed, and then the driver got out and started firing a weapon, with police returning fire. @WWLTV reports “at least 10 dead.”

    https://townhall.com/tipsheet/leahbarkoukis/2025/01/01/new-orleans-n2649840

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