Steel Markets
June 26, 2019
Home Price Gains Continue to Cool
Written by Sandy Williams
Home price gains continued to weaken in April, according to the latest S&P CoreLogic Case-Shiller Indices. The National Home Price NSA index gained 3.5 percent year-over-year compared to 3.7 percent the previous month. The 20-City composite was nearly flat with March, down 0.1 percent to post a 2.5 percent gain. Annual growth has slowed in each of the last 13 months.
Among the 20 cities surveyed, Las Vegas, Phoenix and Tampa reported the highest year-over-year gains at 7.2 percent, 6.0 percent and 5.6 percent, respectively. Nine of the 20 cities reported greater price increases in the year ending April 2019 versus the year ending March 2019.
