US Home Prices Jump Almost 20% in February

Source: S&P Global

Home prices in the United States climbed by nearly 20% year on year in February, reflecting a faster pace than that seen in the previous month. XHB is down 0.33%, while ITB is up 0.78%.

• The S&P CoreLogic Case-Shiller US National Home Price NSA Index climbed by 19.8% in February, faster than the 19.1% recorded in January.
• The 10-City Composite recorded an annual increase of 18.6%, higher than the 17.3% seen the previous month.
• The 20-City Composite indicated a 20.2% growth, faster than the 18.9% recorded in January.
• The biggest jumps among the 20 cities were registered in Phoenix at 32.9%, Tampa at 32.6%, and Miami at 29.7%. All 20 cities recorded annual growth in February.