S&P CoreLogic Case-Shiller US National Home Price NSA Index Posts 6.5% Annual Gain in March

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

The 10-City Composite posted an 8.2% increase in March, following an 8.1% increase in February. The 20-City Composite posted a year-over-year increase of 7.4% in March, up slightly from 7.3% in February.

San Diego continued to report the highest year-over-year gain among the 20 cities with an 11.1% increase in March, followed by New York, up 9.2%, and Cleveland, up 8.8%. Denver held the lowest rank with a 2.1% annual increase.

The US National Index increased 1.3%, the 20-City Composite climbed 1.6%, and the 10-City Composite rose 1.6%.

After seasonal adjustment, the US National Index posted a month-over-month increase of 0.3%, while the 20-City and the 10-City Composites reported month-over-month increases of 0.3% and 0.5%, respectively.