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Data from FRED. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Case-Shiller Home Price Index held to 331.02 in April 2026
FREDMonthlyReleased May 2026
US Case-Shiller Home Price Index held to 331.02 in April 2026, released May 2026.
Latest Release
331.020000
Actual
—
Consensus
331.020000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| AAPL | ▼ Inverse | −0.36 | STOCKS | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.31 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Case-Shiller Home Price Index (United States) was reported at 331.02 Index Jan 2000=100 in April 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 330.57 Index Jan 2000=100, ranging from 327.54 Index Jan 2000=100 to 332.00 Index Jan 2000=100 across 9 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 331.18 Index Jan 2000=100, down from the prior three at 331.74 Index Jan 2000=100. Volatility over the past year (σ 1.42 Index Jan 2000=100) is lower than the prior year (σ 1.82 Index Jan 2000=100). In May readings over the past 3 years, Case-Shiller Home Price Index has averaged 326.23 Index Jan 2000=100.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with AAPL, negatively correlated (Bearish AAPL).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Chicago PMI (Aug 28) and Michigan 1 Year Inflation Expectations (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Case-Shiller Home Price Index - US
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About Case-Shiller Home Price Index — United States
DEFINITION
The US Case-Shiller Home Price Index for May registered 331.020000, slightly below April’s 331.172000, marking a modest decline. This represents a rare dip after several months of near-stability in home prices. Market participants will watch upcoming housing data closely amid this subtle cooling in the housing market. Updated 7/29/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 331 Index Jan 2000=100. Prior reading (Apr 2026): 331.2 Index Jan 2000=100. Before that (Mar 2026): 331.4 Index Jan 2000=100.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bearish USD, r=-0.45) — a useful reference for forex-focused traders.
Σ
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Economic Calendar - US Events
| Thursday, August 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Jobless Claims 4-Week Average | 205.5 | 204.25 | 203 | 204.25 | High |
| 12:30 | US | Initial Jobless Claims | 203 | 207 | 208 | 205.50 | High |
| 12:30 | US | Goods Trade Balance Adv | -118.8 | -101.41 | -99 | -102.92 | Medium |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.7 | -0.5 | 0 | 0.27 | Medium |
| 12:30 | US | Wholesale Inventories MoM | 1.3 | 0.3 | 0.1 | 0.38 | Medium |
| 12:30 | US | Continuing Jobless Claims | 1778 | 1796 | 1790 | 1784.00 | High |
| 12:30 | US | Goods Trade Balance | -118.8 | -101.41 | -99 | -102.88 | High |
| 14:30 | US | EIA Natural Gas Stocks Change | 15 | 16 | 20 | 17.50 | Low |
| 15:00 | US | Kansas Fed Manufacturing Index | 17 | 17 | 14 | 15.50 | Low |
| 15:00 | US | Kansas Fed Composite Index | 10 | 9 | 8 | 9.00 | Low |
| Friday, August 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:45 | US | Chicago PMI | 57.6 | 57 | 63.10 | Medium | |
| 14:00 | US | Michigan 1 Year Inflation Expectations | 4.2 | 4.3 | 4.30 | Medium | |
| 14:00 | US | Michigan Inflation Expectations | 4.3 | 4.2 | 4.3 | 4.30 | Low |
| 14:00 | US | Michigan 5 Year Inflation Expectations | 3.3 | 3.3 | 3.3 | 3.30 | Low |
| 14:00 | US | Michigan Consumer Sentiment | 51 | 55.2 | 51 | 51.00 | High |
| 14:00 | US | Michigan Consumer Expectations | 50.6 | 55.4 | 50.6 | 50.60 | Low |
| 14:00 | US | Michigan Current Conditions | 51.8 | 54.8 | 51.8 | 51.80 | Low |
| 15:00 | US | Kansas Fed Manufacturing Index | 17 | 14 | 15.50 | Low | |
| 15:00 | US | Kansas Fed Composite Index | 9 | 8 | 9.00 | Low | |