United States Housing

United States

United States: Home prices flat in January

March 31, 2015

In January, the unadjusted S&P/Case-Shiller 20-city home price composite index registered no change over the previous month. The result was below the 0.1% increase registered in the previous month and the 0.1% increase that was expected by the market.

Home prices rose 4.6% over the same month of last year, which was up from the 4.4% rise recorded in December and marked a second consecutive acceleration. December’s result had marked the first acceleration in annual gains since November 2013. S&P pointed out that annual price increases were greater in 14 of the 20 cities surveyed.

According to S&P, “the combination of low interest rates and strong consumer confidence based on solid job growth, cheap oil and low inflation continue to support further increases in home prices.”

Author:, Economist

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United States Housing Chart

USA Housing January 2015 0

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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