Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand REINZ House Price Index MoM climbed to 2.1% in February 2014
FMPMonthlyReleased March 2014
New Zealand REINZ House Price Index MoM climbed to 2.1% in February 2014, released March 2014, up 4.5% from January's -2.4% reading.
Latest Release
2.100000
Actual
—
Consensus
-2.400000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| NZD/USD | ▲ Direct | +0.55 | FOREX | Bullish NZD | → View |
| NZD/JPY | ▲ Direct | +0.45 | FOREX | Bullish NZD | → View |
| AUD/NZD | ▼ Inverse | −0.40 | FOREX | Bearish AUD | → View |
| EUR/NZD | ▼ Inverse | −0.35 | FOREX | Bullish NZD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
REINZ House Price Index MoM (New Zealand) was reported at 2.1% in March 2014. The reading rose from the previous value of -2.4%.
WHY IT MATTERS
The trailing three releases averaged -0.43%, down from the prior three at 1.2%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with NZD/USD (Bullish NZD). A secondary relationship exists with NZD/JPY, positively correlated (Bullish NZD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include RBNZ Interest Rate Decision (May 27) and Monetary Policy Statement (May 27).
Auto-generated from current model state · Refreshes on each release · Last update March 2014.
SHARE
REINZ House Price Index MoM - NZ
Loading chart data...
About REINZ House Price Index MoM — New Zealand
DEFINITION
The REINZ House Price Index MoM is a widely recognized financial indicator that measures the monthly change in New Zealand's residential property prices. It is based on data collected by the Real Estate Institute of New Zealand (REINZ) and provides valuable insights into the current state of the housing market. This index is used by investors, economists, and policymakers to track trends and make informed decisions related to the real estate sector. With its timely and accurate data, the REINZ House Price Index MoM is a crucial tool for understanding the fluctuations in New Zealand's housing market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2014): actual 2.1 %. Prior reading (Jan 2014): -2.4 %. Before that (Jan 2014): -1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with NZD/USD (Bullish NZD, r=0.55) — a useful reference for forex-focused traders.