United States SP Case-Shiller National Home Price U.S 20-City in United States

S&P Global · Monthly · Importance 43

0.15% (May-26) MOM · % · Mensual · CSV
1.62% (May-26) YOY · % · Mensual · CSV
Recessions COVID recession
Period%
May 2026 0.15%
Apr 2026 -0.03%
Mar 2026 -0.14%
Feb 2026 -0.04%
Jan 2026 0.21%
Dec 2025 0.48%
Nov 2025 0.54%
Oct 2025 0.32%
Sep 2025 0.13%
Aug 2025 0.07%
Jul 2025 0.02%
Jun 2025 -0.10%
May 2025 -0.29%
Apr 2025 -0.27%
Mar 2025 -0.09%
Feb 2025 0.25%
Jan 2025 0.42%
Dec 2024 0.48%
Nov 2024 0.41%
Oct 2024 0.37%
Sep 2024 0.29%
Aug 2024 0.30%
Jul 2024 0.35%
Jun 2024 0.50%
May 2024 0.36%
Apr 2024 0.37%
Mar 2024 0.32%
Feb 2024 0.48%
Jan 2024 0.22%
Dec 2023 0.33%
Nov 2023 0.30%
Oct 2023 0.70%
Sep 2023 0.81%
Aug 2023 0.98%
Jul 2023 0.93%
Jun 2023 0.79%
May 2023 0.76%
Apr 2023 0.62%
Mar 2023 0.32%
Feb 2023 -0.08%
Jan 2023 -0.23%
Dec 2022 -0.38%
Nov 2022 -0.25%
Oct 2022 -0.27%
Sep 2022 -0.99%
Aug 2022 -1.09%
Jul 2022 -0.48%
Jun 2022 0.23%
May 2022 0.94%
Apr 2022 1.35%
Mar 2022 1.94%
Feb 2022 2.16%
Jan 2022 1.73%
Dec 2021 1.65%
Nov 2021 1.44%
Oct 2021 1.30%
Sep 2021 1.28%
Aug 2021 1.36%
Jul 2021 1.73%
Jun 2021 1.77%
Period%
May 2026 1.62%
Apr 2026 1.18%
Mar 2026 0.93%
Feb 2026 0.98%
Jan 2026 1.27%
Dec 2025 1.48%
Nov 2025 1.48%
Oct 2025 1.35%
Sep 2025 1.40%
Aug 2025 1.56%
Jul 2025 1.80%
Jun 2025 2.14%
May 2025 2.75%
Apr 2025 3.42%
Mar 2025 4.08%
Feb 2025 4.51%
Jan 2025 4.75%
Dec 2024 4.55%
Nov 2024 4.39%
Oct 2024 4.27%
Sep 2024 4.62%
Aug 2024 5.17%
Jul 2024 5.88%
Jun 2024 6.49%
May 2024 6.80%
Apr 2024 7.22%
Mar 2024 7.50%
Feb 2024 7.50%
Jan 2024 6.90%
Dec 2023 6.42%
Nov 2023 5.68%
Oct 2023 5.10%
Sep 2023 4.08%
Aug 2023 2.22%
Jul 2023 0.13%
Jun 2023 -1.27%
May 2023 -1.83%
Apr 2023 -1.65%
Mar 2023 -0.95%
Feb 2023 0.64%
Jan 2023 2.89%
Dec 2022 4.91%
Nov 2022 7.05%
Oct 2022 8.87%
Sep 2022 10.59%
Aug 2022 13.12%
Jul 2022 15.92%
Jun 2022 18.49%
May 2022 20.32%
Apr 2022 21.16%
Mar 2022 21.21%
Feb 2022 20.40%
Jan 2022 19.18%
Dec 2021 18.66%
Nov 2021 18.41%
Oct 2021 18.58%
Sep 2021 19.16%
Aug 2021 19.65%
Jul 2021 19.89%
Jun 2021 19.01%

About this indicator

SourceStandard Poors
FrequencyMonthly
Release Último jueves de cada mes.
What it isIt measures the change in home prices across the twenty largest US metropolitan areas (the S&P CoreLogic Case-Shiller 20-City index). It covers only existing single-family homes; new-build, timeshare and condominium properties are excluded.
How it's calculatedIt is calculated using the repeat-sales method, which compares the price of the same home sold at least twice to isolate its appreciation while holding its characteristics constant. The index is monthly and smoothed with a three-month moving average.
Market implicationsHouse prices have a marked influence on the economy, especially construction and its ancillary sectors, and on household consumption and wealth (the wealth effect). Its trend is watched closely for its link to Federal Reserve policy and mortgage rates.
LimitationsThe data can be revised, so some caution is warranted; moreover, the three-month moving average and the publication lag make the index a lagging read on the housing market in real time.