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United States Case Shiller Home Price Index Year-over-Year (YoY)

Price

7.5 %
Change +/-
+0.2 %
Percentage Change
+2.70 %

The current value of the Case Shiller Home Price Index Year-over-Year (YoY) in United States is 7.5 %. The Case Shiller Home Price Index Year-over-Year (YoY) in United States increased to 7.5 % on 3/1/2024, after it was 7.3 % on 2/1/2024. From 1/1/2001 to 4/1/2024, the average GDP in United States was 5.19 %. The all-time high was reached on 4/1/2022 with 21.3 %, while the lowest value was recorded on 1/1/2009 with -19 %.

Source: Standard & Poor's

Case Shiller Home Price Index Year-over-Year (YoY)

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Case-Shiller Home Price Index YoY

Case Shiller Home Price Index Year-over-Year (YoY) History

DateValue
3/1/20247.5 %
2/1/20247.3 %
1/1/20246.6 %
12/1/20236.2 %
11/1/20235.4 %
10/1/20234.9 %
9/1/20234 %
8/1/20232.2 %
7/1/20230.2 %
2/1/20230.5 %
1
2
3
4
5
...
22

Similar Macro Indicators to Case Shiller Home Price Index Year-over-Year (YoY)

NameCurrentPreviousFrequency
🇺🇸
15-Year Mortgage Rate
5.84 %5.96 %frequency_weekly
🇺🇸
30-Year Mortgage Rate
6.86 %6.87 %frequency_weekly
🇺🇸
Average House Prices
545,800 USD501,000 USDMonthly
🇺🇸
Average Mortgage Size
405,490 USD405,400 USDfrequency_weekly
🇺🇸
Building Permits
1.419 M 1.425 M Monthly
🇺🇸
Building Permits MoM
-0.4 %-3.1 %Monthly
🇺🇸
Case-Shiller Home Price Index
333.21 points329.95 pointsMonthly
🇺🇸
Case-Shiller Home Price Index MoM
1.4 %1.6 %Monthly
🇺🇸
Construction Spending
-0.1 %0.3 %Monthly
🇺🇸
Existing Home Sales
3.96 M 3.83 M Monthly
🇺🇸
Existing Home Sales MoM
3.4 %-1.3 %Monthly
🇺🇸
Home Price Index MoM
0 %0.3 %Monthly
🇺🇸
Homeownership Rate
65.6 %65.6 %Quarter
🇺🇸
Housing Index
424.3 points423.3 pointsMonthly
🇺🇸
Housing Price Index YoY
6.3 %6.7 %Monthly
🇺🇸
Housing starts
1.311 M units1.353 M unitsMonthly
🇺🇸
Housing Starts MoM
-3.1 %-1.9 %Monthly
🇺🇸
MBA Mortgage Market Index
212 points210.4 pointsfrequency_weekly
🇺🇸
MBA Mortgage Refinancing Index
552.4 points552.7 pointsfrequency_weekly
🇺🇸
MBA Purchase Index
154.9 points161.5 pointsfrequency_weekly
🇺🇸
Mortgage applications
0.8 %0.9 %frequency_weekly
🇺🇸
Mortgage Interest Rate
6.93 %6.94 %frequency_weekly
🇺🇸
Mortgage Originations
448.31 B USD374.11 B USDQuarter
🇺🇸
Multi-family Housing Starts
278,000 units310,000 unitsMonthly
🇺🇸
NAHB Housing Market Index
42 points43 pointsMonthly
🇺🇸
National House Price Index
323.352 points322.277 pointsMonthly
🇺🇸
New Home Sales
619,000 units698,000 unitsMonthly
🇺🇸
New Home Sales MoM
-11.3 %2 %Monthly
🇺🇸
Pending Home Sales
-6.6 %-7.4 %Monthly
🇺🇸
Pending Home Sales MoM
-2.1 %-7.7 %Monthly
🇺🇸
Price-Rent Ratio
133.627 134.247 Quarter
🇺🇸
Residential property prices
4.67 %5.27 %Quarter
🇺🇸
Single-family home prices
407,200 USD406,700 USDMonthly
🇺🇸
Single-Family Home Starts
982,000 units1.036 M unitsMonthly
🇺🇸
Total Housing stock
1.37 M 1.36 M Monthly

The S&P CoreLogic Case-Shiller 20-City Composite Home Price Index tracks changes in residential house prices across 20 metropolitan regions in the United States: Atlanta, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Las Vegas, Los Angeles, Miami, Minneapolis, New York, Phoenix, Portland, San Diego, San Francisco, Seattle, Tampa, and Washington D.C.

What is Case Shiller Home Price Index Year-over-Year (YoY)?

The Case-Shiller Home Price Index (YoY) is a pivotal indicator in the realm of macroeconomics, providing profound insights into the housing market's trends and conditions. As a professional website dedicated to disseminating extensive macroeconomic data, Eulerpool recognizes the paramount importance of this index for economists, analysts, investors, and policymakers alike. The Case-Shiller Home Price Index Year-over-Year (YoY) change serves as a critical gauge of residential real estate prices across the United States, reflecting shifts in housing market dynamics and broader economic conditions. Originating from the pioneering work of Karl Case and Robert Shiller, distinguished economists renowned for their contributions to the study of real estate economics, the Case-Shiller Home Price Index has become a benchmark for measuring the health of the housing market. The index meticulously tracks the value of residential real estate, focusing specifically on repeat home sales. By examining changes in prices of the same properties over specific periods, the index eliminates distortions caused by varying types of properties sold at different times. Thus, it provides a purified measure of market price movements that are vital for understanding underlying trends. The Year-over-Year (YoY) variation of the Case-Shiller Home Price Index involves comparing the current month's aggregated home prices with those from the same month in the previous year. This approach smoothens out seasonal fluctuations, offering a more stable and reliable picture of the market's trajectory. For stakeholders, an upward or downward trend in this index can signal a variety of economic conditions, influencing decisions from investment strategies to policy formulations. In analyzing the Case-Shiller Home Price Index YoY, one must consider the diverse factors driving changes in home prices. Economic fundamentals such as employment rates, wage growth, and consumer confidence play significant roles. When the economy thrives, more individuals are likely to invest in real estate, pushing demand and consequently home prices higher. Conversely, economic downturns typically result in decreased consumer spending power, leading to suppressed demand and a potential decline in home prices. Interest rates, dictated by central banks, also have a profound impact on the housing market. Lower interest rates reduce mortgage costs, stimulating demand for homes as borrowing becomes more affordable. This, in turn, drives up home prices. On the other hand, rising interest rates can dampen housing demand by making mortgages more expensive, leading to slower home price appreciation or even declines. Monitoring the Case-Shiller Home Price Index YoY amidst changing interest rate environments can provide valuable foresight into future market conditions. Moreover, supply-side factors such as housing inventory levels and construction activity are essential to consider. A robust supply of new homes can moderate price increases by meeting demand, whereas limited inventory can exacerbate price growth by creating competition among buyers. Geographic variations also come into play, with certain regions experiencing more pronounced shifts due to localized supply-demand imbalances, regulatory constraints, or economic conditions. Therefore, the Case-Shiller Home Price Index YoY, particularly its breakdown into regional sub-indices, offers granular insights into specific market conditions across different metropolitan areas. Another critical dimension to consider is macroeconomic policies and their implications on the housing market. Government interventions such as tax incentives for homebuyers, subsidies for housing construction, and regulatory changes can directly influence housing affordability and demand. For example, first-time homebuyer tax credits can accelerate demand, contributing to upward pressure on home prices. Conversely, tighter lending standards and policies aimed at curbing speculative real estate investments can temper market exuberance, aiding in stabilizing home prices. The Case-Shiller Home Price Index YoY is also a vital barometer for gauging inflationary pressures within the economy. Housing is a major component of inflation indices, and significant changes in home prices can signal broader inflation trends. Rising home prices may reflect increasing cost pressures and higher inflation, prompting policymakers to consider tightening monetary policies to prevent economic overheating. Conversely, a sharp downturn in home prices might signal deflationary pressures, necessitating stimulative policy measures to reignite economic momentum. For investors, particularly those with interests in real estate markets, the Case-Shiller Home Price Index YoY provides actionable intelligence. Rising home prices can suggest robust returns on real estate investments, prompting increased capital allocation to this asset class. Conversely, stagnating or declining home prices might signal caution, influencing investment strategies pivoting towards more stable or undervalued opportunities. Additionally, real estate derivatives and financial instruments tied to housing market performance can also be evaluated based on trends observed in the Case-Shiller indices. Institutional players and financial institutions use the Case-Shiller Home Price Index YoY to assess mortgage-backed securities' performance. The health of these securities, which played a pivotal role in the 2008 financial crisis, is closely tied to underlying home prices. By analyzing trends in the Case-Shiller Index, these institutions can better manage risk and make informed decisions regarding their real estate-related portfolios. For policymakers, the Case-Shiller Home Price Index YoY serves as a vital input in formulating housing and economic policies. By understanding the housing market's current state and its trajectory, policymakers can design targeted interventions to promote housing affordability, stabilize economic conditions, and ensure sustainable growth. For example, observing a rapid escalation in home prices might prompt measures to increase housing supply or provide support to low and middle-income homebuyers. In conclusion, the Case-Shiller Home Price Index Year-over-Year (YoY) is an indispensable tool in the macroeconomic landscape, offering deep insights into the residential real estate market's health and its broader economic implications. Eulerpool, with its commitment to providing comprehensive macroeconomic data, underscores the importance of this index in helping diverse stakeholders make informed decisions. By continually analyzing trends and variations in the Case-Shiller Home Price Index YoY, we aim to empower our users with the knowledge needed to navigate the complexities of the housing market and the wider economy effectively. Whether for investment, policy making, or academic research, the Case-Shiller Home Price Index YoY remains an essential compass in the intricate world of macroeconomics.