by Calculated Danger on 10/28/2025 09:00:00 AM
S&P/Case-Shiller launched the month-to-month Residence Value Indices for August (“August” is a 3-month common of June, July and August closing costs).
This launch consists of costs for 20 particular person cities, two composite indices (for 10 cities and 20 cities) and the month-to-month Nationwide index.
From S&P S&P Cotality Case-Shiller Index Data Annual Acquire in August 2025
• The S&P Cotality Case-Shiller U.S. Nationwide Residence Value NSA Index posted a 1.5% annual achieve
for August, down from a 1.6% rise within the earlier month.• Housing wealth eroded in actual phrases for the fourth consecutive month, with the 1.5% nationwide
achieve falling properly wanting 3% inflation.• Nineteen of 20 metros declined month-to-month in August, with solely Chicago posting a achieve,
signaling broad weak spot past typical seasonal patterns.The S&P Cotality Case-Shiller U.S. Nationwide Residence Value NSA Index, protecting all 9 U.S. census
divisions, reported a 1.5% annual achieve for August, down from a 1.6% rise within the earlier month. The
10-Metropolis Composite confirmed an annual enhance of two.1%, down from a 2.3% enhance within the earlier
month. The 20-Metropolis Composite posted a year-over-year enhance of 1.6%, down from a 1.8% enhance
within the earlier month.New York once more reported the very best annual achieve among the many 20 cities with a 6.1% enhance in August,
adopted by Chicago and Cleveland with annual will increase of 5.9% and 4.7%, respectively. Tampa
posted the bottom return, falling 3.3%. …The pre-seasonally adjusted U.S. Nationwide, 10-Metropolis Composite, and 20-Metropolis Composite Indices
continued to report damaging month-over-month change in August, posting -0.3% for U.S. nationwide index
and -0.6% for each 10-Metropolis and 20-Metropolis Composite indices.After seasonal adjustment, all three indices posted a month-over-month enhance of 0.2%.
…
“August’s information exhibits U.S. dwelling costs persevering with to sluggish, with the Nationwide Index up simply 1.5% year-
over-year,” mentioned Nicholas Godec, CFA, CAIA, CIPM, Head of Mounted Earnings Tradables & Commodities
at S&P Dow Jones Indices. “This marks the weakest annual achieve in over two years and falls properly beneath
the three% inflation price. For the fourth straight month, dwelling values have misplaced floor to inflation, that means
owners are seeing their actual wealth decline whilst nominal costs inch increased.“The Nationwide Index rose 1.5% over the previous 12 months, with most of that achieve coming within the latest six
months (up 1.5%) whereas the prior six months have been basically flat. The 20-Metropolis Composite gained 1.6%
yearly and the 10-Metropolis rose 2.1%, each persevering with their deceleration from earlier within the 12 months.
emphasis added
Click on on graph for bigger picture.
The primary graph exhibits the nominal seasonally adjusted Composite 10, Composite 20 and Nationwide indices (the Composite 20 was began in January 2000).
The Composite 10 index was up 0.2% in August (SA). The Composite 20 index was up 0.2% (SA) in August.
The Nationwide index was up 0.2% (SA) in August.
The second graph exhibits the year-over-year change in all three indices.
The Composite 10 NSA was up 2.1% year-over-year. The Composite 20 NSA was up 1.6% year-over-year.
The Nationwide index NSA was up 1.5% year-over-year.
Annual worth adjustments have been beneath expectations. I will have extra later.
