Keeping you up to date on the latest data releases.
In August, the S&P Case-Shiller 10-city and 20-city composite housing price indexes rose 1.3 percent during the month and 12.8 percent over the past 12 months, the highest annual growth rate since February 2006. On both a monthly and annual basis, all cities posted positive growth rates (led by Las Vegas), up 2.9 percent and 29.2 percent, respectively. While Denver and Dallas set new record highs, Detroit remains the only city on the index below its January 2000 level. Overall, both composite indexes are back to their mid-2004 levels.
The FHFA national housing price index rose 0.3 percent in August after a modest downward revision to July’s figure and 8.5 percent over the past 12 months. This represents the nineteenth consecutive month of growth in the national purchase-only index level. Regionally, the monthly price indexes ranged from a 0.5 percent decline in the South Atlantic to a 1.3 percent increase in the Mountain division. Meanwhile, all census regions posted solid positive annual growth rates, which ranged from a 4.0 percent increase in the Middle Atlantic to 18.2 percent in the Pacific. Overall, the national index is back to early 2005 levels.