S&P CoreLogic Case-Shiller US Home Price Index Reports 6.3% Annual Gain in April

On Tuesday, S&P Dow Jones Indices released its S&P CoreLogic Case-Shiller US National Home Price NSA Index for April. The Index, covering all nine US census divisions, reported an annual gain of 6.3% in April, following a 6.5% gain in March.

The 10-City Composite posted an annual increase of 8.0% in April, down from an 8.3% increase posted in March. The 20-City Composite posted a year-over-year increase of 7.2%, down from a revised 7.5% increase in March.

San Diego continued to report the highest year-over-year increase among the 20 cities, up 10.3%, followed by New York, up 9.4%, and Chicago, up 8.7%. Portland once again held the lowest rank, with a 1.7% annual increase.

The US National Index, the 20-City Composite, and the 10-City Composite upward trends decelerated from last month, with pre-seasonality adjustment increases of 1.2%, 1.36%, and 1.38%, respectively.

After seasonal adjustment, the US National Index and 10-City Composite posted the same month-over-month increases of 0.3% and 0.5%, respectively, as last month, while the 20-City reported a monthly increase of 0.4%.