Market news
31.03.2020, 13:41

U.S. home price growth accelerates slightly less than forecast in January - S&P Dow Jones Indices

S&P reported on Tuesday its Case-Shiller Home Price Index, which tracks home prices in 20 U.S. metropolitan areas, rose 3.1 percent y-o-y in January 2020, following a revised 2.8 percent y-o-y increase in December 2019 (originally a 2.9 percent y-o-y climb).

Economists had expected an advance of 3.2 percent y-o-y.

Phoenix (+6.9 percent y-o-y), Seattle (+5.1 percent y-o-y) and Tampa (+5.1 percent y-o-y) recorded the highest y-o-y advances in January. Overall, 14 of the 20 cities reported greater price gains in the year ending January 2020 versus the year ending December 2019.

Meanwhile, the S&P/Case-Shiller U.S. National Home Price Index, which measures all nine U.S. census divisions, surged 3.9 percent y-o-y in January, up from 3.7 percent y-o-y in the previous month.

"The trend of stable growth established in 2019 continued into the first month of the new year," noted Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices., He added, however, that "It is important to bear in mind that today's report covers real estate transactions closed during the month of January. The COVID-19 pandemic did not begin to take hold in the U.S. until late February, and thus whatever impact it will have on housing prices is not reflected in today's data."

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location