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Housing Market: US: Difference between revisions

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Housing Market: US (view source)

Revision as of 18:47, 1 November 2023

2,330 bytes added ,  1 November 2023
→‎House Price Developments
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!M/M
!M/M
!Y/Y
!Y/Y
|-
|2023-08-01
|311
|0.43
|2.57
|318
|0.35
|2.15
|332
|0.37
|2.99
|-
|-
|2023-07-01
|2023-07-01
|310
|310
|0.60
|0.60
|0.98
|0.99
|317
|317
|0.59
|0.59
|0.13
|0.16
|331
|331
|0.61
|0.61
|0.93
|0.97
|-
|-
|2023-06-01
|2023-06-01
|308
|308
|0.95
|0.94
| 0.00
| 0.00
|315
|315
|0.94
|0.94
|  -1.22
|  -1.19
|329
|329
|0.93
|0.93
|  -0.54
|  -0.50
|-
|-
|2023-05-01
|2023-05-01
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|312
|312
|1.42
|1.42
|  -1.74
|  -1.71
|326
|326
|1.43
|1.43
|  -1.09
|  -1.05
|-
|-
|2023-04-01
|2023-04-01
|301
|301
|1.46
|1.40
| -0.10
| -0.09
|307
|308
|1.67
|1.63
| -1.70
| -1.65
|321
|321
|1.73
|1.65
| -1.16
| -1.09
|-
|-
|2023-03-01
|2023-03-01
|297
|297
|1.29
|1.31
|0.68
|0.76
|302
|303
|1.56
|1.50
| -1.12
| -1.02
|315
|316
|1.64
|1.57
| -0.73
| -0.59
|-
|-
|2023-02-01
|2023-02-01
|293
|293
|0.21
|0.21
|2.11
|2.16
|298
|298
|0.26
|0.23
|0.38
|0.53
|310
|311
|0.37
|0.32
|0.48
|0.69
|-
|-
|2023-01-01
|2023-01-01
|293
|293
| -0.54
| -0.53
|3.78
|3.84
|297
|298
| -0.54
| -0.53
|2.58
|2.77
|309
|310
| -0.42
| -0.39
|2.53
|2.79
|-
|-
|2022-12-01
|2022-12-01
|294
|294
| -0.85
| -0.84
|5.62
|5.67
|299
|299
| -0.96
| -0.95
|4.61
|4.78
|311
|311
| -0.81
| -0.80
|4.39
|4.63
|-
|-
|2022-11-01
|2022-11-01
|297
|297
| -0.61
| -0.60
|7.52
|7.56
|301
|302
| -0.76
| -0.74
|6.76
|6.93
|313
|314
| -0.63
| -0.60
|6.31
|6.55
|-
|-
|2022-10-01
|2022-10-01
|299
|299
| -0.60
| -0.59
|9.12
|9.15
|304
|304
| -0.80
| -0.78
|8.61
|8.76
|315
|316
| -0.70
| -0.68
|7.96
|8.17
|-
|-
|2022-09-01
|2022-09-01
|300
|301
| -1.06
| -1.05
|10.66
|10.69
|306
|307
| -1.49
| -1.47
|10.40
|10.53
|317
|318
| -1.43
| -1.40
|9.62
|9.81
|-
|-
|2022-08-01
|2022-08-01
|304
|304
| -1.13
| -1.12
|12.95
|12.97
|311
|311
| -1.65
| -1.61
|13.04
|13.15
|322
|322
| -1.64
| -1.59
|12.08
|12.24
|-
|-
|2022-07-01
|2022-07-01
|307
|307
| -0.39
| -0.38
|15.66
|15.66
|316
|316
| -0.79
| -0.77
|15.98
|16.05
|327
|328
| -0.89
| -0.85
|14.82
|14.93
|-
|-
|2022-06-01
|2022-06-01
|308
|308
|0.58
|0.59
|18.03
|18.03
|319
|319
|0.38
|0.41
|18.63
|18.68
|330
|330
|0.33
|0.37
|17.36
|17.43
|-
|-
|2022-05-01
|2022-05-01
|307
|307
|1.58
|1.58
|19.99
|19.97
|317
|317
|1.49
|1.50
|20.53
|20.54
|329
|329
|1.37
|1.38
|19.08
|19.10
|-
|-
|2022-04-01
|2022-04-01
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=== July 2023 ===
=== July 2023 ===
"We have previously noted that home prices peaked in June 2022 and fell through January of 2023, declining by 5.0% in those seven months. The increase in prices that began in January has now erased the earlier decline, so that July represents a new all-time high for the National Composite. Moreover, this recovery in home prices is broadly based. As was the case last month, 10 of the 20 cities in our sample have reached all-time high levels. In July, prices rose in all 20 cities after seasonal adjustment (and in 19 of them before adjustment).
<blockquote>"We have previously noted that home prices peaked in June 2022 and fell through January of 2023, declining by 5.0% in those seven months. The increase in prices that began in January has now erased the earlier decline, so that July represents a new all-time high for the National Composite. Moreover, this recovery in home prices is broadly based. As was the case last month, 10 of the 20 cities in our sample have reached all-time high levels. In July, prices rose in all 20 cities after seasonal adjustment (and in 19 of them before adjustment).</blockquote>
 
* '''Before seasonal adjustment, the U.S. National Index,10-City and 20-City Composites, all posted a 0.6% month-over-month increase in July.''' After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 0.6%, while the 10-City posted a  0.8% increase and 20-City Composite a 0.9% increase.
* '''Before seasonal adjustment, the U.S. National Index,10-City and 20-City Composites, all posted a 0.6% month-over-month increase in July.''' After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 0.6%, while the 10-City posted a  0.8% increase and 20-City Composite a 0.9% increase.
* The S&P CoreLogic Case-Shiller '''U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported 1.0% annual change in July, up from a 0% change in the previous month.''' The 10-City Composite showed an increase of 0.9%, which improves from a -0.5% loss in the previous month. The 20-City Composite posted a year-over-year increase of 0.1%, improving from a loss of -1.2% in the previous month.
* The S&P CoreLogic Case-Shiller '''U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported 1.0% annual change in July, up from a 0% change in the previous month.''' The 10-City Composite showed an increase of 0.9%, which improves from a -0.5% loss in the previous month. The 20-City Composite posted a year-over-year increase of 0.1%, improving from a loss of -1.2% in the previous month.
* For this month, 8 of 20 cities reported lower prices and 12 of 20 reported higher prices in the year ending July 2023 versus the year ending June 2023. 18 out of the 20 cities, show a positive trend in price acceleration compared to their prior month.
* For this month, 8 of 20 cities reported lower prices and 12 of 20 reported higher prices in the year ending July 2023 versus the year ending June 2023. 18 out of the 20 cities, show a positive trend in price acceleration compared to their prior month.
=== August 2023 ===
<blockquote>“U.S. home prices continued to rise in August 2023,” says Craig J. Lazzara, Managing Director at S&P DJI. “Our National Composite rose by 0.4% in August, which marks the seventh consecutive monthly gain since prices bottomed in January 2023. The Composite now stands 2.6% above its year-ago level and 6.4% above its January level. Our 10- and 20-City Composites each also rose in August, and likewise currently exceed their year-ago and January levels.
“One measure of the strength of the housing market is the relationship of current prices to their historical levels. On that dimension, it’s worth noting that the National Composite, the 10-City Composite, and seven individual cities (Atlanta, Boston, Charlotte, Chicago, Detroit, Miami, and New York) stand at their all-time highs. Observing the breadth of price changes provides insight into another dimension of market health. On a seasonally adjusted basis, prices increased in 19 of 20 cities in August (and Cleveland only missed by a whisker); before seasonal adjustments, prices rose in 13 cities.</blockquote>
* Before seasonal adjustment, the U.S. National Index,10-City and 20-City Composites, all posted a 0.4% month-over-month increase in August.  After seasonal adjustment, the U.S. National Index posted a month-over-month increase of 0.9%, while the 10-City and 20-City Composites posted a 1.0% increase each.<ref>https://www.spglobal.com/spdji/en/index-announcements/article/sp-corelogic-case-shiller-index-continues-to-trend-upward-in-august/</ref>
* The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 2.6% annual change in August, up from a 1.0% change in the previous month. The 10-City Composite showed an increase of 3.0%, up from a 1.0% increase in the previous month. The 20-City Composite posted a year-over-year increase of 2.2%, a slight increase of 0.2% in the previous month.
* For this month, seven of 20 cities reported lower prices. Twelve of the 20 cities reported higher prices in the year ending August 2023 versus the year ending July 2023. Nineteen of the 20 cities show a positive trend in year-over-year price acceleration compared to the prior month.


== Affortability ==
== Affortability ==
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