National + Finance | April 28, 2021

Housing Prices Post Biggest Annual Gains in 15 Years

U.S. home prices in February posted their biggest annual gains since February 2006, S&P Dow Jones Indices said Tuesday. The latest results for the S&P CoreLogic Case-Shiller Indices’ national composite index represented the ninth consecutive month of single-family home price appreciation nationwide.

The U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 12.0% annual gain in February, up from 11.2% in the previous month. The 10-City Composite annual increase came in at 11.7%, up from 10.9% in January. The 20-City Composite posted an 11.9% year-over-year gain, up from 11.1% in the previous month.

Phoenix, San Diego and Seattle reported the highest year-over-year gains among the 20 cities in February. Nineteen of the 20 cities reported higher annual price increases in February versus January.

“Housing’s strength is reflected across all 20 cities,” said Craig J. Lazzara, global head of index investment strategy at S&P DJI.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).