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ECON: Case-Shiller Home Pirces Improve Slightly Quicker Than Expected
Posted to: Micro News
Tuesday, February 26, 2013 9:11 AM
- 20 City prices +0.9 Seasonally Adjusted, Vs +0.5 Forecast
- non-adjusted +0.2 vs -0.2 Forecast
- Year/Year +6.8 pct, most since July 2006
Data through December 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that all
three headline composites ended the year with strong
gains. The national composite posted an increase of
7.3% for 2012. The 10- and 20-City Composites reported annual returns of 5.9% and 6.8% in 2012. Month-
over-month, both the 10- and 20-City Composites move
d into positive territory with gains of 0.2%; more
than reversing last month’s losses.
In addition to the three composites, nineteen of th
e 20 MSAs posted positive year-over-year growth – only
New York fell.
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