Steel Markets
February 23, 2021
Home Price Growth Still Full Speed Ahead
Written by Sandy Williams
Home prices continued to accelerate through December, culminating in the highest annual gain in seven years. The National Composite Index for the S&P CoreLogic Case-Shiller Indices rose 10.4% in December compared to a year ago.
“As COVID-related restrictions began to grip the economy in early 2020, their effect on housing prices was unclear,” said Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P DJI. “Price growth decelerated in May and June, and then began a steady climb upward, and December’s report continues that acceleration in an emphatic manner. 2020’s 10.4% gain marks the best performance of housing prices in a calendar year since 2013. From the perspective of more than 30 years of S&P CoreLogic Case-Shiller data, December’s year-over-year change ranks within the top decile of all reports.”
