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- U.S. home price growth slows in July - S&P Dow Jones Indices
U.S. home price growth slows in July - S&P Dow Jones Indices
S&P
reported on Tuesday its Case-Shiller Home Price Index, which tracks home prices
in 20 U.S. metropolitan areas, rose 2.0 percent y-o-y in July, following a revised
2.2 percent y-o-y increase in June (originally a 2.1 percent y-o-y gain). That
was the smallest annual advance in house prices since August 2012.
Economists had
expected an advance of 2.2 percent y-o-y.
Phoenix (+5.8
percent y-o-y), Las Vegas (+4.7 percent y-o-y) and Charlotte (+4.6 percent
y-o-y) recorded the highest y-o-y gains in July.
Meanwhile, the S&P/Case-Shiller U.S. National Home Price Index, which measures all nine U.S. census divisions, was up 3.2 percent y-o-y in July, remaining the same from the previous month.
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