The new Home Value Index (HVI)

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In exciting news for the CoreLogic Research team, and fellow housing data nerds, we've now got a brand new index to measuring housing value change over time!

The launch of the CoreLogic hedonic Home Value Index firstly reported a further fall in property values in July, the fifth month in a row for the 'renewed downturn'. This brought with it plenty of discussion as to how to classify the weakness which then flowed on to some of the detail into the index itself - including what even is a hedonic regression index? Ultimately it's a better way to measure value over time. Nick and Kelvin cover off some of the detail, but there's plenty of technical documentation on the CoreLogic website, along with the weekly back series and plenty of FAQ to satisfy the data scientist and modelling analysts out there.

In other property and macroeconomic news the latest filled jobs data offers a good preview of the official labour market stats out this week and Nick add a bit of 'actual new build' data to the reporting of building consents. 

Plus, business confidence data, RBNZ lending figures and a token nod to the ever-entertaining Olympics following a weekend where the guys' kids consider if they could be Olympic athletes in the trampoline or 100m sprint!

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