Steel Markets
July 29, 2019
Case-Shiller Index Reports Slowing Home Prices in May
Written by Sandy Williams
Home prices continued to rise in May but at a much slower pace, according to the latest S&P CoreLogic Case-Shiller National Home Price NSA Index. The Index showed an annual gain of 3.4 percent in May, down from 3.5 percent in April. The 20-City Composite price growth slipped to 2.4 percent from 2.5 percent the previous month.
Las Vegas, Phoenix and Tampa reported the highest year-over-year gains among the 20 cities—6.4 percent, 5.7 percent and 5.1 percent, respectively. Seven of the 20 cities reported greater price increases in the year ending May 2019 versus the year ending April 2019. On a month-over-month basis, the National index increased 0.2 percent and the 20-City Composite 0.1 percent.
