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- US house price growth slowed slightly in April
US house price growth slowed slightly in April
Housing prices in 20 major US cities continued to rise in April, but slightly less than in March. This was reported in the S & P / Case-Shiller data.
According to the data, the index of housing prices, covering the entire country, increased in April by 5.0% in annual terms, which was slightly less than the March increase of 5.1%. In the meantime, the house price index for the 10 largest cities and has grown by 4.7% compared to 4.8% a month earlier.
The comparable figure for the 20-largest cities rose by 5.4% after rising 5.5% in March (revised from + 5.4%). Analysts had expected the house prices in the 20 largest cities to increase by 5.5%.
Most "hot" markets in the country continued to show double-digit price increases. The maximum increase was noted in Portland - by 12.3% y/y. A significant increase in the cost of housing has also been recorded in Seattle (+ 10.7%) and Denver (+ 9.5%).
On a monthly basis, seasonally adjusted house prices rose in April by 0.1%. The price index for the 10-largest cities rose by 0.3%, and for the 20 mega-cities index rose 0.5%. Without seasonal adjustment, the national index increased by 1.0% compared to March. Indicators for the 10 and 20 cities ose by 1.0% and 1.1% respectively.
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