Market Updates
Lagging Indicator of Home Prices Jumps 20% in February
Brian Turner
26 Apr, 2022
New York City
S&P 500 Case-Shiller National Home Price index jumped 19.8% in February to 286.68 from a year ago.
The index tracks home prices across the nation and reached a new-high since the first value was calculated in January 1987.
The 10-city index showed an annual increase of 18.6% from 17.3% in January. The 20-city index increased 20.2% after gaining 18.9% in the previous month.
All 20 cities reported a price increase in February compared to 16 cities in January.
Sun-belt cities home prices jumped at a faster pace above the national averages as home builders struggled to add homes.
Prices in Phoenix soared 32.9%, in Tampa jumped 32.6%, and in Miami advanced 29.7%.
Home prices in Minneapolis and Washington, D.C. rose 11.9% and New York jumped 12.9%, the smallest gains in 20 cities tracked by the index but still advanced in double-digits.
Home price index is generally considered a lagging indicator of market environment and generally lags home sales and median price data trend.
Pending home sale contracts have been falling for the last four months in a row and March data is scheduled to be released on Wednesday. National home price index increased 10.4% in 2021 and 3.7% in 2020.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|