S&P CoreLogic Case-Shiller US National Home Price Index Reports 4.2% Annual Gain in August

On Tuesday, S&P Dow Jones Indices released its S&P CoreLogic Case-Shiller US National Home Price NSA Index for August. The Index, covering all nine census divisions, posted an annual gain of 4.2% in August, down from a 4.8% increase in July.

The 10-City Composite posted an annual increase of 6.0% in August, down from 6.8% in July. The 20-City Composite increased 5.2% year-over-year, down from a 5.9% gain in July.

New York again reported the highest annual gain among the 20 cities with an 8.1% increase in August, followed by Las Vegas and Chicago with annual increases of 7.3% and 7.2%, respectively. Denver posted the smallest year-over-year growth of 0.7%.

The pre-seasonally adjusted US National Index, the 20-City Composite, and the 10-City Composite upward trends reversed in August, with a 0.1% decline for the national index, and the 20-City Composite and 10-City Composites falling 0.3% and 0.4%, respectively.

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