The numbers: Basically as expected on the 20-city number. S&P’s David Blitzer describes it as “muddling along.” It’s not good, but there may be some signs of stability.
Again, though, this is July data, and some other housing numbers have been weak since then. This isn’t going to be much of a market mover.
Here’s the headline chart:
And here’s the city-by-city breakdown:
Background: Here’s the granddaddy of housing numbers, though bear in mind that these are July numbers, and that there has been a lot of post-July data showing weakening. Analysts expect the 20-city composite to show price gains of 3.1%.