This next chart shows the OFHEO housing price index through June: it showed a turn-around even earlier than Case-Shiller did and continues to confirm that view.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRvYm8xvqJMxnp6gVcYsUXpr2W4bC098_hMU-QZqXxLr8DBvdUj_pjjkL_X9zkxn1I0t1NFcD7W3pxP_p83wLxjSa-BGQ2KUNAbAj1lqJQwk5BLTlYw8Fqto-YA0ioH3HtsmSP9DfJR_Y/s400/ofheo200906.jpg)
This next chart is from Sean MacLeod (thank you sir! he sent it before the June OFHEO was released), comparing 4 different indices. When I turn back to revising my paper about housing prices and construction, I will learn about the RPX index, but for now all I know is that Sean MacLeod makes a good case that it should be considered.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiycIEPmLdrIad58VjVAnPjxja0zN7JAeoKOdtqtpi64mKTcsp_C_Bvzy-XLMg5ut3g14pLFQiAHETsBL9ngOh9dgZlA64NkfzwNygvJ5q4xv9Za8HsUvdqjAerVUdyyLxGjekvCAYShGQ/s400/MacLeod.jpg)
Finally, the BEA has a quarterly index of the price of new "residential structures" (that is, housing!). The chart below shows that index together with quarterly averages of C-S and OFHEO through 2009 Q2.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRvYm8xvqJMxnp6gVcYsUXpr2W4bC098_hMU-QZqXxLr8DBvdUj_pjjkL_X9zkxn1I0t1NFcD7W3pxP_p83wLxjSa-BGQ2KUNAbAj1lqJQwk5BLTlYw8Fqto-YA0ioH3HtsmSP9DfJR_Y/s400/ofheo200906.jpg)
This next chart is from Sean MacLeod (thank you sir! he sent it before the June OFHEO was released), comparing 4 different indices. When I turn back to revising my paper about housing prices and construction, I will learn about the RPX index, but for now all I know is that Sean MacLeod makes a good case that it should be considered.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiycIEPmLdrIad58VjVAnPjxja0zN7JAeoKOdtqtpi64mKTcsp_C_Bvzy-XLMg5ut3g14pLFQiAHETsBL9ngOh9dgZlA64NkfzwNygvJ5q4xv9Za8HsUvdqjAerVUdyyLxGjekvCAYShGQ/s400/MacLeod.jpg)
Finally, the BEA has a quarterly index of the price of new "residential structures" (that is, housing!). The chart below shows that index together with quarterly averages of C-S and OFHEO through 2009 Q2.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEher7Ns8CLpoJ8vKJQAX-WulxK3yL0GsAa5J7XKFtD6NQuysXs5P2572vFwq0aWqUJnHgv_qiQQfoPB7ZCj1liXQfsSmTOG32M25jvhKReCBs9icYPsrQk1NbJ2WoHXzgd7UPAnJ3IMMno/s400/threehousingindices.jpg)
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