Steel Markets
June 26, 2017
Home Prices Continue to Climb in Case-Shiller Indices
Written by Sandy Williams
Low housing inventory continues to drive up home prices for U.S. consumers. The latest S&P CoreLogic Case-Shiller U.S. National Home Price Index reported an annual gain of 5.5 percent in April, down from 5.6 percent in March. The 20-City Index increased 5.7 percent year-over-year compared to the previous month. The gains in April were slightly lower than analyst expectations, but still fueled concerns about whether the industry is experiencing a pricing bubble.
Seattle, Portland, and Dallas reported the highest year-over-year gains among the 20-City Composite, with increases of 12.9 percent, 9.3 percent and 8.4 percent, respectively. Pricing showed more stability for expensive homes, but was volatile for lower-tier homes, said S&P.
