by Calculated Risk on 11/26/2013 09:15:00 AM
Tuesday, November 26, 2013
Case-Shiller: Comp 20 House Prices increased 13.3% year-over-year in September
S&P/Case-Shiller released the monthly Home Price Indices for September ("September" is a 3 month average of July, August and September prices).
This release includes prices for 20 individual cities, and two composite indices (for 10 cities and 20 cities) and the national quarterly index.
Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA data for the graphs.
From S&P: Home Prices Advance in Third Quarter According to the S&P/Case-Shiller Home Price Indices
Data through September 2013, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices ... showed that the U.S. National Home Price Index rose 3.2% in the third quarter of 2013 and 11.2% over the last four quarters.This was at the consensus forecast. I'll post graphs later (Google is having a server problem this morning).
In September 2013, the 10- and 20-City Composites gained 0.7% month-over-month and 13.3% year-over-year. While 13 of 20 cities posted higher year-over-year growth rates, 19 cities had lower monthly returns in September than August.
“The second and third quarters of 2013 were very good for home prices,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “The National Index is up 11.2% year over- year, the strongest figure since the boom peaked in 2006. The 10-City and 20-City Composites year-over-year growth at 13.3% was their highest annual numbers since February 2006."