The USA's S&P Case-Shiller 20-City Home Price Index rose 4.6% year-on-year in September, lower than expected.
S&P Global has released the latest S&P CoreLogic Case-Shiller housing price indices, showing that in September 2024, housing prices in 20 usa cities increased by 4.6% year-on-year, marking the lowest growth in a year, falling short of the market forecast of 4.8%, while August was at 5.2%. Compared to the previous month, the housing price index decreased by 0.3%, the same decline as in August.
House Price Gains Are Set to Slow. Where Listings Are Up the Most. -- Barrons.com
US New-Home Sales Expected to Slow in October After September Jump
Consumer Confidence, New Home Sales Highlight Tuesday's Economic Calendar
U.S. stocks are fluctuating | The housing construction sector leads in gains, with existing home sales in October experiencing the first year-on-year increase in more than three years.
d.r. horton and toll brothers rose over 6%, while beazer homes usa, pultegroup, and lennar corp rose over 5%. According to the data from the National Association of Realtors (NAR), the total existing home sales in the usa for October was an annualized 3.96 million units, with expectations of 3.95 million units, and the previous value was 3.84 million units.
Why Real Estate Stocks Took a Hit as Developers Cheered Trump