Steel Markets
May 28, 2019
Case-Shiller: Home Price Growth Slows for the 12th Month
Written by Sandy Williams
The rate of growth in U.S. home prices continues to slow. The March S&P CoreLogic Case-Shiller National Home Price Index gained 3.7 percent year-over-year in March, down from 3.9 percent in February and the lowest annual gain since September 2012. The index has been on a 12-month downward trajectory, falling from a 6.5 percent annual gain in March 2018.
The 20-City Composite posted a 2.7 percent annual gain, down from 3.0 percent in the previous month. Gains were highest in Las Vegas at 8.2 percent, Phoenix at 6.1 percent and Tampa at 5.3 percent.
