Steel Markets
July 28, 2020
Home Prices Rise at a Slower Rate in May
Written by Sandy Williams
Home prices grew at a little slower rate in May, according to the latest S&P CoreLogic Case-Shiller Index. The National Home Price NSA Index posted an annual gain of 4.5 percent in May, down slightly from 4.6 percent in April. Data from the Detroit metro is unavailable for March, April and May due to COVID-19 lockdown of county offices.
The 20-city composite posted a 3.7 percent annual gain, slipping from 3.9 percent in April. Phoenix reported the year-over-year gain at 9.0 percent, followed by Seattle at 5.8 percent and a 6.0 percent increase in Tampa. The 10-City index posted 3.1 percent compared to 3.3 percent for the prior month.
