Connect With PPD
Follow Us:
Economy

S&P CoreLogic Case-Shiller HPI: Growth in Annual Home Price Gains End 2019

While Home Prices Have Risen for 8 Straight Years, 2019 Was 59% Higher than Trough in 2012

The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) for all nine U.S. census divisions posted a 3.8% annual gain in December, up from 3.5% in the previous month (NSA). The 20-City Composite (NSA) posted a 2.9% year-over-year gain, up from 2.5% last month and beating the forecast.

Forecasts for the 20-City Composite year-over-year ranged from a low of 2.4% to a high of 3.0%. The consensus forecast was 2.8%.

The 10-City Composite annual gain came in at 2.4%, up from 2.0% in the prior month.

“The U.S. housing market continued its trend of stable growth in December,” says Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices. “December’s results bring the National Composite Index to a 3.8% increase for calendar 2019.

Phoenix, Charlotte and Tampa posted the highest year-over-year gains among the 20 cities. Phoenix came in at a 6.5% year-over-year price increase, followed by Charlotte and Tampa at 5.3% and 5.2%, respectively.

“At a regional level, Phoenix retains the top spot for the seventh consecutive month, with a gain of 6.5% for December,” Mr. Lazzara added. “Charlotte and Tampa rose by 5.3% and 5.2% respectively, leading the Southeast region. The Southeast has led all regions for the past year.”

Twelve of the 20 cities posted greater price gains in the year ending December 2019 versus the year ending November 2019.

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

4 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

4 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.