The Chicago Housing Market Is Starting To Look Like A Disaster

The Chicago Housing Market Is Starting To Look Like A Disaster:

This table comes from the just-released Case-Shiller report, and there's some interesting stuff in it.

Here are some quick observations we have:

• Atlanta had far and away the worst year of anyone: Down 17.7 percent year-over-year.
• Detroit had a HORRIBLE month, falling 4.4 percent.
• The best housing market in the country is Phoenix, rising 6.1 percent year-over-year.
• Chicago is a wreck, falling 2.5 percent in a month, and falling 7.1 percent year-over-year.
• All told, 12 cities saw sequential gains. That's the same number of gaining cities as last month.

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DALLAS FED MANUFACTURING REPORT PLUNGES TO -5.1 (Analysts expected 3.0)

DALLAS FED MANUFACTURING REPORT PLUNGES TO -5.1 (Analysts expected 3.0):

UPDATE:

Manufacturing conditions in the Southwest weakened for the second consecutive month this May even as the six-month outlook brightened, new data out of the Federal Reserve Bank of Dallas shows.

Click here for updates >

The key general activity index declined to -5.1 from -3.4 a month earlier. A reading below zero indicated contraction. At the same time, company outlooks turned sharply positive, increasing 9.2 points to 4.7.

Production in the eleventh federal district was flat at 5.5 "suggesting growth continued at about the same pace as last month," the Fed said.

Employment in the region remained mostly stable, with demand for new employees falling 3.3 points to 8.5. The workweek also shortened, with the hours worked index edging up to -2.2.

From the report:

ORIGINAL:

The final regional Federal Reserve report before this week's Non-Farm Payrolls reading is minutes away, with expectations for a return to growth after unexpected contraction.

The manufacturing report out of the  Federal Reserve Bank of Dallas is forecast to increase to 3.0 in May from -3.4 in April.

The eleventh district includes activity in Texas, northern Louisiana, and southern New Mexico.

SEE ALSO: The May 2012 Business Insider Flash NFP Projection >

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