Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS S&P/Case-Shiller Home Price MoM fell to 0.4% in July 2026
FMPMonthlyReleased August 2026
US S&P/Case-Shiller Home Price MoM fell to 0.4% in July 2026, released August 2026, down 0.5% from June's 0.9% reading. The reading matched the 0.4% consensus.
Latest Release
0.400000
Actual
0.400000
Consensus
0.900000
Previous
Median Absolute Error
±0.12 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.55
Actual: 0.4
Error: +0.15
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 |
|---|---|---|---|---|---|
| MSFT | ▼ Inverse | −0.35 | STOCKS | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.31 | FOREX | Moves against | → View |
| GOOGL | ▲ Direct | +0.30 | STOCKS | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P/Case-Shiller Home Price MoM (United States) was reported at 0.4% in July 2026. This matched the market consensus of 0.4% exactly. The reading fell from the previous value of 0.9%. Over the past 12 months, the indicator has averaged 0.13%, ranging from -0.6% to 1% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.77%, up from the prior three at 0.27%. Volatility over the past year (σ 0.57%) is higher than the prior year (σ 0.45%). In August readings over the past 3 years, S&P/Case-Shiller Home Price MoM has averaged 0.33%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with MSFT (Bearish MSFT). A secondary relationship exists with NZD/USD, negatively correlated (Bearish NZD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.13%.
WHAT TO WATCH NEXT
The next release is scheduled for September 29, 2026. Same-country events in the next 14 days include NY Empire State Manufacturing Index (Sep 15) and NY Empire State Manufacturing Index (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
SHARE
S&P/Case-Shiller Home Price MoM - US
Loading chart data...
About S&P/Case-Shiller Home Price MoM — United States
DEFINITION
The S&P/Case-Shiller Home Price MoM is a widely recognized financial indicator that measures the month-over-month change in home prices in major metropolitan areas across the United States. This indicator provides valuable insights into the health and trends of the housing market, making it a key tool for investors, economists, and policymakers. It is based on a rigorous methodology and is considered a reliable gauge of the overall strength of the housing sector.
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 (Jun 2026): actual 0.4 %, consensus 0.4 %. Prior reading (May 2026): 0.9 %. Before that (Apr 2026): 1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower 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.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - US Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 15:30 | US | 3-Month Bill Auction | 3.8 | 3.809 | 3.81 | Low | |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | NY Empire State Manufacturing Index | 20.6 | 15 | 10.85 | High | |
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Retail Sales MoM | -0.4 | -0.1 | -0.10 | High | |
| 12:30 | US | Retail Sales Ex Autos MoM | -0.3 | 0.5 | 0.50 | High | |
| 12:30 | US | Import Prices YoY | 5.9 | 6 | 6.35 | Low | |
| 12:30 | US | Retail Sales Ex Gas/Autos MoM | -0.2 | 0.1 | 0.10 | High | |
| 12:30 | US | Retail Sales YoY | 5 | 4.3 | 4.30 | High | |
| 12:30 | US | Export Prices MoM | -1.3 | -0.5 | -0.45 | Medium | |
| 12:30 | US | Import Prices MoM | -0.4 | 0.2 | 0.65 | Medium | |
| 12:30 | US | Export Prices YoY | 8.2 | 7.5 | 7.90 | Low | |
| 14:00 | US | Business Inventories MoM | 0 | 0.2 | 0.20 | Medium | |
| 14:00 | US | NAHB Housing Market Index | 35 | 34 | 33.50 | Medium | |
| 14:00 | US | Retail Inventories Ex Autos MoM | 0.7 | -0.5 | 0.7 | 0.70 | Low |
| 18:00 | US | Fed Interest Rate Decision | 3.75 | 4 | 4.00 | High | |
| 20:00 | US | Net Long-Term TIC Flows | 172.7 | 146.3 | 146.30 | Medium | |