Fw Word Case-Shiller: National Family Toll Index Increased 3.3% Year-Over-Year Inward October

S&P/Case-Shiller released the monthly Home Price Indices for Oct ("October" is a 3 calendar month average of August, September too Oct prices).

This unloose includes prices for twenty private cities, 2 composite indices (for 10 cities too twenty cities) too the monthly National index.

Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I role the SA information for the graphs.

From S&P: S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Increased In Oct

The S&P CoreLogic Case-Shiller U.S.A. National Home Price NSA Index, roofing all nine U.S.A. census divisions, reported a 3.3% annual gain inward October, upwards from 3.2% inward the previous month. The 10-City Composite annual increment came inward at 1.7%, upwards from 1.5% inward the previous month. The 20-City Composite posted a 2.2% year-over-year gain, upwards from 2.1% inward the previous month.

Phoenix, Tampa too Charlotte reported the highest year-over-year gains amid the twenty cities. In October, Phoenix led the means amongst a 5.8% year-over-year cost increase, followed past times Tampa amongst a 4.9% increment too Charlotte amongst a 4.8% increase. Twelve of the twenty cities reported greater cost increases inward the twelvemonth ending Oct 2019 versus the twelvemonth ending September 2019.
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The National Index, 10-City too 20-City Composites all posted a month-over-month increment of 0.1% earlier seasonal adjustment inward October. After seasonal adjustment, the National Index recorded a 0.5% month-over-month increment inward Oct piece the 10-City too 20-City Composites both posted a 0.4% increase. In October, 8 of twenty cities reported increases earlier seasonal adjustment piece eighteen of twenty cities reported increases after seasonal adjustment.

"October’s U.S.A. housing information buy the farm along to live on reassuring,” says Craig J. Lazzara, Managing Director too Global Head of Index Investment Strategy at S&P Dow Jones Indices. “With October’s 3.3% increment inward the national composite index, abode prices are currently to a greater extent than than 15% higher upwards the pre-financial crisis pinnacle reached July 2006. October’s results were broad-based, equally both our 10- too 20-city composites rose. Of the twenty cities inward the composite, alone San Francisco saw a year-over-year cost turn down inward October.
…
“As was the illustration terminal month, after a long menstruum of decelerating cost increases, the national, 10-city, too 20-city composites all rose at a modestly faster charge per unit of measurement inward Oct compared to September. This stability was broad-based, reflecting information inward 12 of twenty cities. It is, of course, even too thus also before long to say whether this marks an destination to the deceleration or is only a intermission inward the longer-term trend.”
emphasis added

Click on graph for larger image.

The offset graph shows the nominal seasonally adjusted Composite 10, Composite twenty too National indices (the Composite twenty was started inward Jan 2000).

The Composite 10 index is upwards 1.7% from the bubble peak, too upwards 0.4% inward Oct (SA) from September.

The Composite twenty index is 5.5% higher upwards the bubble peak, too upwards 0.4% (SA) inward October.

The National index is 14.8% higher upwards the bubble pinnacle (SA), too upwards 0.5% (SA) inward October.  The National index is upwards 55.2% from the post-bubble depression ready inward Dec 2011 (SA).

The minute graph shows the Year over twelvemonth alter inward all 3 indices.

The Composite 10 SA is upwards 1.7% compared to Oct 2018.  The Composite twenty SA is upwards 2.2% year-over-year.

The National index SA is upwards 3.3% year-over-year.

Note: According to the data, prices increased inward eighteen of 20 cities month-over-month seasonally adjusted.

I'll accept to a greater extent than later.