Industry News

S&P launches U.S. Home Price Index

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Financial market intelligence company Standard & Poor's has announced the launch of a quarterly U.S. National Home Price Index that tracks single-family home prices in all nine U.S. Census divisions. Those divisions are: East North Central, East South Central, Middle Atlantic, Mountain, New England, Pacific, South Atlantic, West North Central, and West South Central. The data will be released at 9 a.m. Eastern Time on the final Tuesday of February, May, August and November at the Web site. Condominiums and co-ops are specifically excluded from the index. Homes included in the index must have two or more recorded arms-length, or fair-market-value, transactions, Standard & Poor's announced. Also, no appraisal data are used and new construction is excluded. The index is generated and published through agreements between Standard & Poor's, Fiserv and MacroMarkets LLC. Standard & Poor's will continue to publish its 10-city and 20-city ...