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News and Views
Raising (the cost of) the Roof
Well . . .
Home prices in April saw an annual gain of 14.6% in April, up from a 13.3% increase in March, according to the S&P CoreLogic Case-Shiller National Home Price Index.
Among larger cities covered by the index, the 10-city composite was up 14.4% year over year, from 12.9% the previous month. The 20-city composite was 14.9% higher, up from 13.4% in March.
Phoenix, San Diego and Seattle reported the highest year-over-year gains. All were up more than 20% from the year before.
“April’s performance was truly extraordinary. The 14.6% gain in the National Composite is literally the