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Case-Schiller Home Prices and Consumer Confidence Index

By Natalie on Jul 10, 2008
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Graph Table Map Absolute Relative More Options

Type	Vertical Scale	Time Scale	Data Aggregation
Bar Horizontal Bar Scatter Line Other Views Table	Absolute Relative to Average Relative to Range	Yearly Quarterly Monthly	Average High Low Total Count Distinct None

Sources: Conference Board (http://www.pollingreport.co...,%20http://www.econstats.com/rt...) and Standard and Poors (http://www2.standardandpoor...)

Home prices and consumer confidence are taking a nosedive. According to Bloomberg, in April home prices in U.S. metropolitan cities fell by the most on record and consumer confidence plummeted to the lowest it's been in 16 years. This graph shows the Case-Schiller home prices index (composite of 10 U.S. cities) and the consumer confidence index since 1987. Consumers are more pessimistic about the future of the economy now, than in the 41-year history of the consumer confidence index. Bloomberg points out that the prolonged real-estate slump, in addition to sky-rocketing fuel prices and a shrinking job market, is taking a taking a toll on both consumers and the economy. Unfortunately, these recent declines indicate that the housing recession is still far from over. Case-Schiller home prices data uploaded by viskido. —Natalie