Steel Markets
November 25, 2019
Home Prices Increase in September After Months of Deceleration
Written by Sandy Williams
Data from S&P Dow Jones Indices show that home prices in the U.S. increased modestly in September. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA posted an annual gain of 3.2 percent, up from 3.1 percent in August. The 20-City Composite rose 2.1 percent year-over-year, a 0.1 percent gain from the previous month.
“September’s report for the U.S. housing market is reassuring,” said Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices. “The national composite index rose 3.2 percent relative to year-ago levels, with smaller increases in our 10- and 20-city composites. Of the 20 cities in the composite, only one (San Francisco) saw a year-over-year price decline in September.
