Logout / Access Other products Drop Down Arrow
Get live help Monday-Friday from 7:00AM-6:00PM ET (11:00AM-10:00PM GMT)  •  Contact Us
Check out our new FAQ section!
RSS Feed
Discontinued Data: U.S. - Moody's/RCA CPPI
Friday, 23 Jun 2017 16:06 ET
By Phillip Thorne
Summary
June 2017 -- The source has terminated the monthly "Moody's/RCA Commercial Property Price Indexes" (10 monthly series 2000-2017, discontinued). Substitutes (the quarterly "RCA Commercial Property Price Indexes") exist in a Moody's Analytics add-on product.
Detail

After publication of the June 2017 edition with values for April 2017, the source (Moody's Investors Service) wrote:

This is the final edition of the Moody's/RCA CPPI. After five years of publishing the Moody’s/RCA CPPI, the publication agreement between Moody's and Real Capital Analytics has come to an end. It has been a great pleasure to partner with RCA in developing the industry leading repeat-sale commercial real estate price indices. Independent of Moody's, RCA will continue to produce the RCA CPPIs [...]

In response, we have marked the series as discontinued in their metadata and catalog. Figures are indexed to December 2000 (Index Dec2000=100), not seasonally adjusted (NSA). Geo coverage is the U.S. only. The monthly series run from December 2000 to April 2017.

The series reside in the historical catalog (United States » Real estate » Non-residential » Commercial property price indexes » Moody's/RCA Commercial Property Price Index) and include, for example:

  • CRNCPPITUM.IUSA    = [DISCONTINUED] Tier 1 - National all-property index, (Index Dec2000=100, NSA)
  • CRNCPPICOMUM.IUSA  = [DISCONTINUED] Tier 2 - Core commercial
  • CRNCPPIOFFCUM.IUSA = [DISCONTINUED] Tier 3 - Office in core business district [CBD]

Data Buffet already carries the full RCA historical dataset alluded to above, which includes subnational detail. Whereas the monthly Moody's/RCA CPPI is part of the U.S. historical database, the quarterly RCA CPPI (historical dataset) is contained in an add-on product, the Moody's Analytics forecasts of the Real Capital Analytics RCA CPPI™. To learn more or to discuss product options, please contact your Moody's Analytics sales representative or our Client Services staff at [email protected].

The RCA CPPI dataset has more detail than the Moody's/RCA CPPI (37 vs. 10 concepts); the concepts that match have generally the same properties, aside from frequency. Geo coverage is also more granular: the U.S., five RCA regions, 34 RCA markets, and two aggregates (these areas resemble but are not the same as standard census regions or MSAs, and hence have specialized geo codes). Series include, for example:

  • CRNCPPITUQ.RCA_IUSA_ATL    = National all-property index - for RCA market: Atlanta
  • CRNCPPICOMUQ.RCA_IUSA_MWST = Core commercial - for RCA region: Midwest
  • CRNCPPIOFFCBDUQ.IUSA       = Office in core business district
Other
Related ReleaseMoody's Analytics Forecasts of CRE Market Trends (RCA)
SourceMoody's Analytics (ECCA)
FrequencyMonthly
GeographyUnited States
Related ReleaseMoody’s/RCA Commercial Property Price Indices (CPPI)
SourceMoody's Investors Service (MIS)
FrequencyMonthly
GeographyUnited States
Related ReleaseRCA Commercial Property Price Indices (RCA CPPI) - Regions & Metros
SourceReal Capital Analytics (RCA)
FrequencyQuarterly
GeographyUnited States