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Notizie economiche
26.03.2024

U.S. home prices increase slightly less than predicted in January - S&P Dow Jones Indices

S&P Dow Jones Indices (S&P DJI) informed on Tuesday its Case-Shiller Home Price Index, which tracks home prices in 20 U.S. metropolitan areas, demonstrated a 6.6 per cent y-o-y soar in January 2024, following an upwardly revised 6.2 per cent y-o-y surge (from +6.1 per cent y-o-y) in December 2023. This represented the largest annual increase in house prices since November 2022 (+6.9 per cent). 

Economists had forecast a rise of 6.7 per cent y-o-y.

According to the report, all 20 cities posted y-o-y gains in prices in January, led by San Diego (+11.2 per cent y-o-y), Los Angeles (+8.6 per cent y-o-y), and Detroit (+8.2 per cent y-o-y).

The S&P/Case-Shiller U.S. National Home Price Index, which measures all nine U.S. census divisions, climbed 6.0 per cent y-o-y in January, following a downwardly revised 5.4 per cent y-o-y advance (from +5.5 per cent y-o-y) in the previous month.

On a m-o-m basis, the U.S. National Index and the 20-City Composite showed a fall of 0.1 per cent each.

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