US Housing Market Continues to Grow: Case-Shiller Report

The S&P/Case-Shiller Home Price Indices for August have been released, and the data shows that the US housing market continues to strengthen. The National House Price Index is up 2.6% year-over-year, reaching a new all-time high. Let’s take a closer look at the numbers.

A New All-Time High

In August, the nominal seasonally adjusted Composite 10, Composite 20, and National indices all reached new all-time highs. The Composite 10 index saw a 1.0% increase, while the Composite 20 index also rose by 1.0%. The National index experienced a 0.9% increase.

Year-Over-Year Growth

The year-over-year change for the Composite 10 index was 3.0%, indicating solid growth. The Composite 20 index saw a 2.2% increase, while the National index reported a 2.6% growth.

Meeting Expectations

Overall, the annual price changes are in line with expectations. This data suggests that the housing market remains stable and continues to show positive growth.

With these positive trends, the future of the US housing market looks promising. It will be interesting to see how the market evolves going forward. Stay tuned for more updates.

Source: Case-Shiller: National House Price Index Up 2.6% year-over-year in August; New all-time High