1/30: MetroIntelligence Economic Update by P. DUFFY

December pending home sales fell 4.9 percent from November, but up 4.6 percent year-on-year

The Pending Home Sales Index (PHSI) fell 4.9% to 103.2 in December. Year-over-year contract signings increased 4.6%.



November Case-Shiller Index up 0.5 percent from October and 3.5 percent year-on-year

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.5% annual gain in November, up from 3.2% in the previous month. After seasonal adjustment, the National Index posted a 0.5% increase, and is now 15% above its pre-financial crisis peak.



January consumer confidence index up 4.9 points to highest level since last August

Consumer confidence rose to 131.6 this month from 126.5 in December, exceeding consensus estimates and marking the highest level since last August. The increase was driven primarily by positive assessments of the labor market and increased optimism about future job prospects.