Standard & Poor’s has licensed MacroMarkets to create and launch exchange-listed products based upon the S&P/Case-Shiller Home Price Indice
Standard & Poor’s has licensed MacroMarkets to create and launch exchange-listed products based upon the S&P/Case-Shiller Home Price Indices, with the first of several products linked to the US housing market, based on the S&P/Case-Shiller Composite 10 Home Price Index, expected to begin trading on NYSE Arca this autumn.
The S&P/Case-Shiller Home Price Indices, launched in 2006, aim to track the price path of typical single-family homes using the repeat sales technique developed by Karl Case and Robert Shiller.
The index family currently consists of 20 US regional indices and two composite indices as aggregates of the regions. The S&P/Case-Shiller U.S. National Home Price Index represents home prices from all nine us census divisions, including more than 100 of the largest metropolitan areas and nearly 500 counties.
The S&P/Case-Shiller Composite 10 Home Price Index is a weighted composite index of home prices in ten major metropolitan areas, Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York (commuter index), San Diego, San Francisco and Washington DC.
Standard & Poor’s Index Services maintains a wide range of investible and benchmark indices including the S&P 500, an index with USD1.5trn invested and USD4.85trn in benchmarked investments, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices.