U.S. housing market’s strongest performance since Q1 2006
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The U.S. housing market continues to grow stronger, amidst modest economic growth. Demand is surging, construction activity is rising, and foreclosures and delinquency rates are falling.
During the year to November 2013, the S&P/Case-Shiller seasonally-adjusted national home price index skyrocketed by 13.88% (12.49% inflation-adjusted), the biggest year-on-year increase since March 2006, based on the latest figures released by Standard & Poor’s. Quarter-on-quarter (q-o-q), the national home price index rose by 2.87% (3.25% inflation-adjusted) in November 2013.
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