Steel Markets
April 27, 2021
Case-Shiller Home Price Index Sees Record 12% Gain
Written by Sandy Williams
Home prices continue to escalate and potential buyers are finding themselves embroiled in bidding wars. The latest S&P Core-Logic Case-Shiller Home Price Index found prices rose 12% year-over-year in February. The 20-City composite rose 11.9%, compared with 11.1% in January, with 19 of 20 cities reporting price gains.
“The National Composite’s 12% gain is the highest recorded since February 2006, exactly 15 years ago, and lies comfortably in the top decile of historical performance,” said Craig Lazzara, managing director and global head of index investment strategy at S&P DJI. “February’s price gains in every city are above that city’s median level, and rank in the top quartile of all reports in 18 cities.”
