Steel Markets
November 27, 2017
Accelerating Home Prices Continue to Outpace Supply
Written by Sandy Williams
Home prices continued to accelerate across the nation in September, posting the fastest annual rate increase since June 2014. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed home prices up 6.2 percent in September, compared to a gain of 5.9 percent in August. The 20-City Composite posted a 6.2 percent gain year-over-year, up from 5.8 percent the previous month, with every city reporting gains.
Seattle, Las Vegas, and San Diego reported the highest year-over-year gains among the 20 cities. Seattle led the way with a 12.9 percent year-over-year price increase, followed by Las Vegas with a 9.0 percent increase and San Diego with an 8.2 percent increase. The smallest gains were in Atlanta, New York, Miami, Chicago and Washington.
