Labor/Economy

According to the latest S&P/Case-Shiller Home Price Indices, the 10-city and 20-city composite indexes were up 9.4 percent and 9.3 percent year-over-year respectively in May, down from 10.9 percent and 10.8 percent in April.

The National Association of Realtors reported on Monday that its Pending Home Sales Index, a forward-looking indicator based on contracts inked but not closed, declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (when it was 110.8).

Over the weekend, the FDIC closed its 14th failed bank of 2014, Greenchoice Bank in Chicago.

Sales of new single-family houses nationwide came in at an annualized rate of 406,000 units, according to the Census Bureau. That’s 8.1 percent below the May rate of 442,000 units, and 11.5 percent lower than the rate in June 2013.

Black Night reported that the number of delinquent U.S. residential loans increased slightly in June compared with May, but is down 15 percent year- over-year.

The National Association of Realtors reported that total existing-home sales rose in June by 2.6 percent month-over-month to an annualized rate of 5.04 million units, compared with 4.91 units million in May.

The Chicago Fed National Activity Index edged down to +0.12 in June from +0.16 in May, according to the Chicago Fed.