United States Housing

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United States: Home price growth maintains pace in June

July 28, 2015

In June, the unadjusted S&P/Case-Shiller 20-city home price composite index increased 1.0% over the previous month. The result was slightly below the 1.2% increase tallied in May and met the 1.0% increase expected by the market.

Home prices rose 5.0% over the same month of last year, which also matched the rise recorded in May. S&P pointed out that annual price increases were greater in 11 of the 20 cities surveyed.

According to the director of the index, “Nationally, home prices continue to rise at a 4-5% annual rate, two to three times the rate of inflation. Two possible clouds on the horizon are a possible Fed rate increase and volatility in the stock market.”

Author:, Economist

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United States Housing Chart

USA Housing June 2015

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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