United States Housing

United States

United States: Growth in home prices continues to slide in August

October 28, 2014

In August, the unadjusted S&P/Case-Shiller 20-city home price composite index increased 0.2% over the previous month. The result was below both market expectations of a 0.4% increase and the 0.6% reading registered in the previous month.

On an annual basis, home prices rose 5.6% over the same month last year, which was down from the 6.7% rise recorded in July and marked the weakest gain since November 2012. Moreover, S&P emphasized that while housing prices continue to rise, the overall pace is slowing; annual price increases moderated in 19 of the 20 cities surveyed. Moreover, prices are 15.7% below the July 2006 peak.

According to S&P, “the deceleration in home prices continues. [However], despite softer price data, other housing data perked up. September figures for housing starts, permits and sales of existing homes were all up.”

Author:, Economist

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United States Housing Chart

USA Housing August 2014

Note: S&P/Case-Shiller Composite-20 home price value index and month-on-month non-seasonally adjusted variation.
Source: Standard & Poor’s.

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