S&P Case-Shiller Home Price Index, which covers home prices in 20 cities, showed an adjusted 0.4% monthly gain today. This is the sixth straight monthly increase for the adjusted index although it is the slowest gain since February. Stay tuned for next month’s announcement to see if the trend is going to continue.
FHFA House Price Index also gained 0.2% after rising 0.6% in June.
Consumer Confidence rose strongly to above 70 level in September after August upwardly revised 61.3. This shows there is a heavier weight on optimists than pessimists. This could bring strong sale in the upcoming holiday shopping season.
State Street Investor Confidence Index fell from prior revised 91.0 to 86.9, which is well below pre-defined 100 breakeven point.
State Street ICI measures confidence not by survey, but the changes in investor holdings of equities. It is said to give more accurate and more coincidence index for investor confidence.
