Keeping you up to date on the latest data releases.
The S&P Case-Shiller 10- and 20-city housing price indexes rose a seasonally-adjusted 1.8 percent and 1.7 percent, respectively from March to April. Over the past 12 months the 10-city composite is up 11.6 percent and the 20-city composite is up 12.1 percent. This is the fourth consecutive month that both composites and all 20 cities have seen positive annual growth rates. Improvements to the housing market appear to be broad-based and gaining traction as several cities continue post-record gains each month.
The FHFA housing price index rose 0.7 percent in April, which is the fifteenth consecutive month of positive price growth. Since April 2012, the index has risen 7.4 percent and all areas showed solid improvement, ranging from a 2.9 percent increase in the Middle Atlantic to a 17.1 percent increase in the Pacific. Overall, homes sales with mortgages from either Fannie Mae or Freddie Mac are back to early 2005 levels.