In September, the unadjusted S&P/Case-Shiller 20-city home price composite index increased 0.3% over the previous month. The figure followed the 0.8% rise registered in August and slightly undershot market expectations of a 0.4% increase. The figure marks the sixth consecutive rise in the index, in which home prices have gained an accumulated 8.8%. On an annual basis, home prices are 3.0% above the same month last year, up from the 2.0% annual rise recorded in August and, in fact, the largest gain in annual terms seen in over two years. In addition, the reading marks the fourth consecutive month with an increase in annual terms, after home prices remained in negative territory for 20 consecutive months. 18 of the 20 cities surveyed posted gains over the same month last year. That said, home prices still remain 29.0% below the peak reached in July 2006. According to S&P, although September marks the start of the seasonally weak part of the year, data show that the housing market continues to improve, while adding that "with six months of consistently rising home prices, it is safe to say that we are now in the midst of a recovery in the housing market".
United States Housing
Home prices maintain upward trend
November 28, 2012
Looking for forecasts related to Housing in United States? Download a sample report now.
United States Housing Chart
Note: S&P/Case-Shiller Composite-20 home price value index and month-on-month non-seasonally adjusted variation.
Source: Standard & Poor
United States Economic News
United States: Clinton’s lead over Trump widens but presidential election results are still uncertain
October 20, 2016
Only a few weeks ahead of the 8 November presidential elections, major polls suggest that Hillary Clinton has extended her lead over Donald Trump, but the presidential race will be decided in the most fiercely contested states.
October 14, 2016
In September, nominal retail sales expanded 0.6% over the previous month.
October 7, 2016
Non-farm payrolls grew 156,000 in September, which came in below August’s upwardly-revised increase of 167,000 (previously reported: +151,000).
October 3, 2016
The ISM manufacturing index increased more than expected in September and returned to expansionary territory, after a temporary setback in August.
September 27, 2016
The S&P/Case-Shiller 20-city home composite index rose 0.6% in July over the previous month.