Nationwide Home Value Index elevated 12.0% year-over-year in February

by Calculated Threat on 4/27/2021 09:11:00 AM S&P/Case-Shiller launched the month-to-month Residence Value Indices for February (“February” is a 3 month common of December, January and February costs). This launch contains costs for 20 particular person cities, two composite indices (for 10 cities and 20 cities) and the month-to-month Nationwide index. From S&P: S&P Corelogic


by Calculated Threat on 4/27/2021 09:11:00 AM

S&P/Case-Shiller launched the month-to-month Residence Value Indices for February (“February” is a 3 month common of December, January and February costs).

This launch contains costs for 20 particular person cities, two composite indices (for 10 cities and 20 cities) and the month-to-month Nationwide index.

From S&P: S&P Corelogic Case-Shiller Index Experiences 12.0% Annual Residence Value Achieve in February 2021

The S&P CoreLogic Case-Shiller U.S. Nationwide Residence Value NSA Index, overlaying all 9 U.S. census
divisions, reported a 12.0% annual achieve in February, up from 11.2% within the earlier month. The ten-Metropolis
Composite annual improve got here in at 11.7%, up from 10.9% within the earlier month. The 20-Metropolis
Composite posted an 11.9% year-over-year achieve, up from 11.1% within the earlier month.

Phoenix, San Diego, and Seattle reported the best year-over-year good points among the many 20 cities in
February. Phoenix led the best way with a 17.4% year-over-year value improve, adopted by San Diego with
a 17.0% improve and Seattle with a 15.4% improve. Nineteen of the 20 cities reported larger value
will increase within the 12 months ending February 2021 versus the 12 months ending January 2021.

Earlier than seasonal adjustment, the U.S. Nationwide Index posted an 1.1% month-over-month improve, whereas
the 10-Metropolis and 20-Metropolis Composites each posted will increase of 1.1% and 1.2% respectively in February.
After seasonal adjustment, the U.S. Nationwide Index posted a month-over-month improve of 1.1%, and
the 10-Metropolis and 20-Metropolis Composites each posted will increase of 1.1% and 1.2% respectively as properly. In
February, all 20 cities reported will increase earlier than and after seasonal changes.

“Sturdy residence value good points continued in February 2021,” says Craig J. Lazzara, Managing Director and
World Head of Index Funding Technique at S&P DJI. The Nationwide Composite Index marked its ninth
month of accelerating costs with a 12.0% achieve from year-ago ranges, up from 11.2% in January. This
acceleration can be mirrored within the 10- and 20-Metropolis Composites (up 11.7% and 11.9%, respectively).
The market’s power continues to be broadly-based: all 20 cities rose, and 19 cities gained extra within the
12 months resulted in February than they’d gained within the 12 months resulted in January.

“Greater than 30 years of S&P CoreLogic Case-Shiller information assist us to place February’s outcomes into historic
context. The Nationwide Composite’s 12.0% achieve is the best recorded since February 2006, precisely 15
years in the past, and lies comfortably within the high decile of historic efficiency. Housing’s power is
mirrored throughout all 20 cities; February’s value good points in each metropolis are above that metropolis’s median stage, and
rank within the high quartile of all studies in 18 cities.

emphasis added

Click on on graph for bigger picture.

The primary graph exhibits the nominal seasonally adjusted Composite 10, Composite 20 and Nationwide indices (the Composite 20 was began in January 2000).

The Composite 10 index is up 1.1% in February (SA) from January.

The Composite 20 index is up 1.2% (SA) in February.

The Nationwide index is 31% above the bubble peak (SA), and up 1.1% (SA) in February.  The Nationwide index is up 77% from the post-bubble low set in December 2011 (SA).

Case-Shiller House Prices Indices The second graph exhibits the year-over-year change in all three indices.

The Composite 10 SA is up 11.7% in comparison with February 2020.  The Composite 20 SA is up 11.9% year-over-year.

The Nationwide index SA is up 12.0% year-over-year.

Value will increase had been at expectations.  I am going to have extra later.



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