United States Housing October 2016

United States

United States: House prices edge up in October

December 27, 2016

The S&P/Case-Shiller 20-city home composite index inched up 0.1% in October from the previous month. The result, which was in line with market expectations, followed a similar increase in September. When adjusted for seasonal factors, home prices increased 0.6% from the previous month, a notch above the 0.5% rise observed in September.

Compared to the same month of the previous year, home prices edged up from September’s 5.0% to 5.1% in October—a four-month high. S&P said that Denver, Portland and Seattle continued to report the strongest increases in prices of the 20 cities included in the index.

S&P also signaled that, “While seven of the 20 cities previously reached new post-recession peaks, those that experienced the biggest booms—Miami, Tampa, Phoenix and Las Vegas—remain well below their all-time highs.”

Author:, Senior Economist

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United States Housing Chart

USA Housing October 2016

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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