home price index

U.S. home prices fell 4.8 percent in the second quarter compared with a year ago, a new record low, according to a government report.

The widely-watched Standard & Poor’s/Case-Shiller U.S. home price index fell by the sharpest rate ever in the second quarter, new data show.

ETF Movers:

SPDR S&P Homebuilders (AMEX: XHB) is 7% higher as S&P/Case-Shiller Home Price Index, while negative, had a positive sign.

They said, "One possible bright spot is that seven MSAs, while still negative, showed some improvement in their annual figures over those reported last month.

StreetInsider.com Trading Radar: S&P/CaseShiller Home Price Index is expected at 9AM Commercial Metals (NYSE: CMC) is expected to report results before the open Tuesday with analysts looking for EPS of $0.58 and revenues of $2.16 billion.

Fortress Investment (NYSE: FIG) is expected to report results before the open Tuesday with analysts looking for EPS of $0.18 and revenues of $210.2 million.

StreetInsider.com Trading Radar: PPI and Core PPI are expected at 8:30AM ET with analysts looking for 0.4% and 0.2%, respectively.

S&P/CaseShiller Home Price Index is expected at 9AM ET AutoZone (NYSE: AZO) is expected to report results before the open Tuesday with analysts looking for EPS of $1.62 and revenues of $1.35 billion.

CBS Corp (NYSE: CBS) is expected to report results before the open Tuesday with analysts looking for EPS of $0.52 and revenues of $3.74 billion.