The S&P released Case Shiller’s housing numbers for November. It comes as no surprise that it was down from the previous month and is now at 162.62, about the same level as November 2005. The peak was June 2007 at 186.51. These are Portland numbers, not the national numbers. Case Shiller reports on resale properties. You can read the Case Shiller methodology on a previous post. I expect Case Shiller numbers will continue to decline at least through the February report which will be released in May.End