The New York City skyline in the United States

United States Housing September 2019

United States: Home price growth inches up in September

On a month-on-month basis, the S&P/Case-Shiller 20-city composite home price index rose 0.1% in September, after a flat reading in August. When adjusted for seasonal factors, home prices increased 0.4%, swinging from a 0.2% decrease in August and overshooting market expectations of a 0.3% gain.

In annual terms, home price growth clocked in at 2.1% in September, up from August’s joint near seven-year low of 2.0%, which was above analysts’ expectations of a stable print. Gains were strongest in Phoenix, Charlotte, and Tampa, respectively for the second month running. Meanwhile, San Francisco prices dipped. Overall, half of the 20 cities in the index registered higher annual price growth in September than in August.

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

“September’s report for the U.S. housing market is reassuring. […] It is, of course, too soon to say whether this month marks an end to the deceleration or is merely a pause in the longer-term trend.”

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