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.