Tuesday, May 31, 2016

Case-Shiller: National House Price Index increased 5.2% year-over-year in March

by Bill McBride on 5/31/2016 10:10:00 AM

Note: S&P is having difficulty this morning.

From the WSJ: U.S. Home Price Growth Remained Robust in March, Case-Shiller Says

The S&P/Case-Shiller Home Price Index, covering the entire nation rose 5.2% in the 12 months ended in March, slightly less than a 5.3% increase in February.

The 10-city index gained 4.7% from a year earlier and the 20-city index gained 5.4% year-over-year.
...
Month-over-month prices the U.S. Index rose 0.7% in March before seasonal adjustment; the 20-city index rose 0.9% and the 10-city index rose 0.8% from February to March.

After seasonal adjustment, the national index rose 0.1% month-over-month, the 10-City index posted a 0.8% increase, and the 20-City index reported a 0.9% month-over-month increase.
I'll have more on house prices later.