US DATA: DEC S&P CASE-SHILLER UNADJ HOME PRICE INDEX -1.1% FOR -4.0%
YOY. Text: “all three headline composites ended 2011 at new index
lows. The national composite fell by 3.8% during the fourth quarter of
2011 and was down 4.0% versus the fourth quarter of 2010. Both the 10-
and 20-City Composites fell by 1.1`% in December over November, and
posted annual returns of -3.9% and -4.0% versus December 2010,
respectively. These are worse than the -3.8% respective annual rates
both reported for November. With these latest data, all three composites
are at their lowest levels since the housing crisis began in mid-2006.
In addition to both Composites, 18 of the 20 MSAs saw monthly declines
in December over November. Miami and Phoenix were up 0.2% and 0.8%,
respectively. At -12.8% Atlanta continued to post the lowest annual %.
Detroit was the only city to post a positive annual return, +0.5%.”