Keeping you up to date on the latest data releases.
Both the 10- and 20-city S&P Case-Shiller housing price composite indexes rose 0.7 percent from March to April. On an annual basis the 10-city composite is down 2.2 percent and the 20-city composite is down 1.86 percent. While annual growth rates are still negative, 18 of the 20 MSAs covered saw prices improve—representing the lowest decline in 15 months. Overall both indexes are back to mid-2003 levels, and four cities, including Cleveland, continue to have average home prices below their January 2000 levels.
The FHFA housing price index rose 0.8 percent from March to April and 3.0 percent over the past 12-months to an index level of 186.8. Regionally, housing price varied from a 6.5 percent increase in the Mountain Division to a 2.6 decline in the New England Division. Housing prices are now back to May 2004 index levels.