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U.S. home prices rise at fastest pace in more than 30 years
By Mamta Badkar
Financial Times, London
Tuesday, June 28, 2021
U.S. home price growth accelerated in April at the fastest pace in more than three decades as strong housing demand continued to come up against a shortage of residential properties.
The S&P Case-Shiller national home price index, which covers all nine U.S. census divisions, rose 14.6 per cent year on year in April, data today showed. That followed a 13.3 per cent annual jump in March, and was "the highest reading in more than 30 years," according to the report.
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Meanwhile, the 20-city composite, which covers US metropolitan areas including Dallas, Miami, New York, and San Francisco, rose 1.6 per cent from the previous month and 14.9 per cent year on year.
That was the largest annual increase since December 2005 and compared with expectations for a 14.5 per cent yearly increase, according to economists surveyed by Refinitiv. ...
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