Steel Markets
March 25, 2016
U.S. Home Prices Continue to Grow
Written by Sandy Williams
Home prices continued to rise in January, according to the S&P/Case-Shiller Home Price Indices. The 20-City Composite gained 5.4 percent in January, up slightly from a 5.3 percent increase in December. The 10-City Composite year over year over year gain was 5.1 percent.
“Home prices continue to climb at more than twice the rate of inflation,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “The low inventory of homes for sale — currently about a five month supply – means that would-be sellers seeking to trade-up are having a hard time finding a new, larger home.
