Just out from S&P/Cotality:
Data through July 2026 reveals the following:
Year-Over-Year
- The S&P Cotality Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 1.9% annual gain in July, up from a 1.6% rise in the previous month.
- The 10-City Composite saw an annual increase of 3.4%, up from a 3.0% increase in the previous month. The 20-City Composite posted a year-over-year increase of 2.5%, up from a 2.2% rise in the previous month.
- Chicago, New York and Cleveland reported the highest year-over-year gains with year-over-year price increases of 6.9%, 5.8% and 4.2%, respectively.
- Seattle posted the lowest return in July, falling -1.6% year over year.
Month-over-Month
- The pre-seasonally adjusted U.S. National and 10-City Composite Indices recorded monthly gains of 0.12% and 0.03% respectively, while the 20-City Composite Index posted a 0.01% decrease.
- After seasonal adjustment, the U.S. National, 10-City, and 20-City Composite Indices posted 0.3%, 0.4%, and 0.3% gains, respectively.
Historical
- Measured from its June 2022 peak, the 10-City Composite is up 13.0%.
- The 20-City Composite is up by 9.9%.
- The National Index is up 9.3% from its June 2022 peak.
After the data, the futures were holding onto small gains.
The next mountain to climb will be the Labor Dept. JOLTS report in an hour.
And the coffee continues, as well…
~Ure