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June 28, 2016
US S&P/CASE-SHILLER HOME PRICE INDICES, APRIL 2016

S&P Dow Jones Indices reports that US national house prices, as measured by the S&P/Case Shiller House Price Index rose by 0.1 per cent in April. However, price growth was faster for the urban composite indices - growing by 0.3 per cent for the 10 largest metropolitan areas and by 0.5 per cent for the 20 largest areas.

Compared with April 2015, US house prices grew by 5.0 per cent - with stronger growth among the 20-city composite (5.4 per cent) than in the 10 largest cities (4.7 per cent).  US house price inflation has stabilized at a year-over-year rate of around 5.0 per cent since late 2014.

Among the major metropolitan areas monitored by the S&P/Case-Shiller House Price Index, the strongest growth continues to be in Portland (OR), Seattle, Dallas, and Denver.  House price inflation is slower in Cleveland, Chicago, New York City and Washington DC. 

 

Source: S&P Down Jones Indices