FHFA HPI for 4Q/11
Not good news on the local front. 4Q/11 was the 11th consecutive quarter where the index indicated falling house prices. This index needs to turn to positive territory for our market to rise above current levels.
The following was released by the US Bureau of Labor Statistics. www.bls.gov
Real average hourly earnings was unchanged from December to January, seasonally adjusted. Average hourly earnings rose 0.2 percent, offset by a 0.2 percent increase in the CPI-U. Real average weekly earnings was unchanged over the month.
On a seasonally adjusted basis, the Consumer Price Index for All Urban Consumers rose 0.2 percent in January after being unchanged in December. The index for all items less food and energy rose 0.2 percent in January after increasing 0.1 percent in December.
