US: S&P/Case-Shiller Home Price Index rises 5.5% in August vs 5.8% estimated

“Data released today for August 2018 shows that home prices continued their rise across the country over the last 12 months,” the S&P Dow Jones Indices reported on Tuesday.

Key quotes

• The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.8% annual gain in August, down from 6.0% in the previous month.
• The 10-City  Composite annual increase came in at 5.1%, down from 5.5% in the previous month.
• The 20-City Composite posted a 5.5% year-over-year gain, down from 5.9% in the previous month.