US Price-to-Rent Ratio: July 2019

US Price-to-Rent Ratio: July 2019

Softwood Lumber Movers & Shakers: green and KD Construction Framing Dimension Lumber Prices 2007 - AUG 2019
www.madisonsreport.com

As an example, if a house price was US$200,000 in January 2000, the price would be close to US$288,000 today adjusted for inflation (+44%). — Calculated Risk

The price-to-rent ratio has been moving sideways to down recently.
On a price-to-rent basis, the Case-Shiller National index is back to February 2004 levels, and the Composite 20 index is back to October 2003 levels.
In real terms, US house prices are back to late 2004 levels, and the price-to-rent ratio is back to late 2003, early 2004.

The Case-Shiller release today showed the seasonally adjusted National Index (SA), was +13.5% above the previous bubble peak.  However, in real terms, the National index (SA) is still about -7.6% below the bubble peak (and historically there has been an upward slope to real house prices). 
The composite 20, in real terms, is still +14.6% below the bubble peak. The year-over-year increase in prices has slowed to +3.2% nationally,

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