The New York City skyline in the United States

United States Housing February 2020

United States: Home price growth hits over one-year high in February

The S&P/Case-Shiller 20-city composite home price index jumped 0.5% month-on-month in February, up from January’s flat reading. When adjusted for seasonal factors, home prices increased 0.4% in February, accelerating from January’s 0.3% rise and matching market expectations.

Home prices grew 3.5% in annual terms in February, which was stronger than January’s 3.1% uptick and represented an over one-year high. Gains continued to be the strongest in Phoenix for the ninth month running, followed by Seattle, Tampa and Charlotte. Overall, 17 of the 20 cities in the index registered higher annual price growth in February relative to January.

Commenting on February’s result, Craig J. Lazzara, managing director and global head of index governance at S&P Dow Jones Indices, noted:

“Importantly, today’s report covers real estate transactions closed during the month of February, and shows no signs of any adverse effect from the governmental suppression of economic activity in response to the COVID-19 pandemic. As much of the U.S. economy was shuttered in March, next month’s data may begin to reflect the impact of these policies on the housing market.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest