The S&P CoreLogic Case-Shiller 20-city home price index in the US jumped 11.9% yoy in February of 2021, following 11.1% growth in January and slightly above expectations of 11.7%. It is the biggest increase since March of 2014, with Phoenix (17.4%), San Diego (17%), and Seattle (15.4%) continuing to report the highest gains. Considering the whole 9 US census divisions, house prices increased 12%, a fresh high since February of 2006. "These data remain consistent with the hypothesis that COVID has encouraged potential buyers to move from urban apartments to suburban homes. This demand may represent buyers who accelerated purchases that would have happened anyway over the next several years. Alternatively, there may have been a secular change in preferences, leading to a permanent shift in the demand curve for housing", says Craig Lazzara, Managing Director and at S&P DJI. source: Standard & Poor's
Case Shiller Home Price Index in the United States averaged 169.20 points from 2000 until 2021, reaching an all time high of 246.04 points in February of 2021 and a record low of 100 points in January of 2000. This page provides the latest reported value for - United States S&P Case-Shiller Home Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States S&P Case-Shiller Home Price Index - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Case Shiller Home Price Index in the United States is expected to be 235.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Case Shiller Home Price Index in the United States to stand at 235.00 in 12 months time. In the long-term, the United States S&P Case-Shiller Home Price Index is projected to trend around 250.00 points in 2022 and 254.00 points in 2023, according to our econometric models.