Nationally in the US, home price appreciation continued to slow in April.
The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices Wednesday, rose at a seasonally adjusted annual growth rate of +3.4% in April, following an increase of +3.1% in March. On a year-over-year basis, the Case-Shiller U.S. National Home Price NSA Index rose by +3.5% in April, down from +3.7% in March. It was the lowest annual gain since September 2012. The annual US house price growth rate has decreased for thirteen straight months, from +6.5% in March 2018 to +3.5% in April 2019.
Meanwhile, the US Home Price Index, released by the Federal Housing Finance Agency (FHFA) May 28, rose at a seasonally adjusted annual rate of +4.7% in April, following the +1.8% increase in March. On a year-over-year basis, the FHFA Home Price NSA Index rose by +5.3% in April, after an increase of +5.2% in March.
US House Prices: April 2019
- The Composite 10 City index is up +2.3% compared to April 2018.
- The Composite 20 City index is up +2.5% year-over-year.
- The National Index is up +3.5% year-over-year.