United States Housing January 2021

United States

United States: Home price growth stable in January

March 30, 2021

The S&P/Case-Shiller 20-city composite home price index increased 0.9% month-on-month in January matching December’s rise. When adjusted for seasonal factors, home prices were up 1.2% in January compared to 1.3% the month prior.

Home prices surged 11.1% in annual terms in January, which was stronger than December’s 10.2% increase and marked the quickest pace of growth since March 2014. Gains were the strongest in Phoenix for 20 straight months, followed by Seattle and San Diego. Overall, all 20 cities registered price growth in December.

Our panel expects home prices to increase 9.1% in 2021, which is up 0.7 percentage points from last month’s forecast. For 2022, panelists see home prices rising 5.3%.


Author:, Economist

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United States Housing January 2021

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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