Steel Markets
February 24, 2020
Case-Shiller Shows Possible Acceleration in Home Pricing
Written by Sandy Williams
Home prices, as reported by S&P Dow Jones, rose at a modest rate in December 2019. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. Census divisions, reported a 3.8 percent annual gain in December, up from 3.5 percent in November.
S&P Dow Jones noted that following a period of decelerating price increases, the national and composite indexes rose at a faster rate in December than in November. “It is, of course, too soon to say whether this marks an end to the deceleration or is merely a pause in the longer-term trend,” said Craig J. Lazzara, managing director and global head of Index Investment Strategy at S&P Dow Jones Indices.
