×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: home prices | case shiller | housing | economy

Home Prices Rise Less Than Expected in February

Home Prices Rise Less Than Expected in February

Tuesday, 26 April 2016 09:17 AM

Annualized U.S. single-family home prices rose less than expected in February, a closely watched survey showed on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas rose 5.4 percent in February on a year-over-year basis, less than the 5.7 percent increase the month before and just below the 5.5 percent estimate from a Reuters poll of economists.

"Home prices continue to rise twice as fast as inflation, but the pace is easing off in the most recent numbers," said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.

Prices rose 0.7 percent in February from January on a seasonally adjusted basis, the survey showed, just short of expectations for a rise of 0.8 percent.

On a non-seasonally adjusted basis, prices increased 0.2 percent from January.

Home prices in three U.S. cities, Denver, Seattle and Portland, Oregon, reported the highest year-over-year gains, the survey showed.

© 2022 Thomson/Reuters. All rights reserved.


Economy
Annualized U.S. single-family home prices rose less than expected in February, a closely watched survey showed on Tuesday.The S P/Case Shiller composite index of 20 metropolitan areas rose 5.4 percent in February on a year-over-year basis, less than the 5.7 percent increase...
home prices, case shiller, housing, economy
152
2016-17-26
Tuesday, 26 April 2016 09:17 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved