This statistic presents the values of the S&P Case Shiller U.S. National Home Price Index from 2000 to 2014. The index value was equal to 100 as of January 2000, so if the index value is equal to 130 in a given year, for example, it means that the house prices increased by 30 percent since 2000. The year-end value of the S&P Case Shiller National Home Price Index amounted to 159.46 in 2013.
S&P/Case Shiller U.S. home indices – additional information
The S&P Case Shiller National Home Price Index is calculated on a monthly basis and is based on the prices of single-family homes in nine U.S. Census divisions: New England, Middle Atlantic, East North Central, West North Central, South Atlantic, East South Central, West South Central, Mountain and Pacific. The index is the leading indicator of the American housing market and one of the indicators of the state of the broader economy. The index illustrates the trend of home prices and can be helpful during house purchase decisions. When house prices are rising, a house buyer might want to speed up the house purchase decision as the transaction costs can be much higher in the future. The S&P Case Shiller National Home Price Index has been on the rise since 2011. The index value increased from 140.64 in December 2010 to 166.82 in December 2014.
The S&P Case Shiller National Home Price Index is one of the indices included in the S&P/Case-Shiller Home Price Index Series. Other indices are the S&P/Case Shiller 20-City Composite Home Price Index, the S&P/Case Shiller 10-City Composite Home Price Index and twenty city composite indices.
The S&P/Case Shiller New York Home Price Index shows that, throughout 2014, single-family home prices were highest in August in New York and then continued to fall until December. In Las Vegas home prices rose throughout the year 2014, dropping insignificantly in December.