Steel Markets
Case-Shiller Home Price Index Up 3.3 Percent
Written by Sandy Williams
January 2, 2020
S&P Dow Jones reported that the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index gained 3.3 percent in October, compared to 3.2 percent in the previous month. The 20-City composite posted a 2.2 percent year-over-year gain, while the 10-City composite rose 2.2 percent.
“October’s U.S. housing data continue to be reassuring,” says Craig J. Lazzara, Managing Director and Global Head of Index Investment Strategy at S&P Dow Jones Indices. “With October’s 3.3 percent increase in the national composite index, home prices are currently more than 15 percent above the pre-financial crisis peak reached July 2006. October’s results were broad-based, as both our 10- and 20-city composites rose. Of the 20 cities in the composite, only San Francisco saw a year-over-year price decline in October.”
Phoenix led the home price gains for a fifth month, up 5.8 percent year-over-year. Tampa, Charlotte and Atlanta saw prices rise by more than 4.0 percent in October.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets
Hot-rolled market participants say “doldrums” to roll on through year-end
Participants in the hot-rolled steel sheet market expect the market to remain subdued through the end of the year.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
Great Lakes iron ore shipments declined in August
Shipments of iron ore across the Great Lakes dropped to 5 million short tons (st) in August, according to the latest data from the Lake Carriers’ Association. That’s down 9.1% compared to August 2024 and 2% lower than the month’s 5-year average. All told, the year-to-date (YTD) iron ore volumes through August totaled 26.7 million […]
SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
CRU: US longs market holds steady despite tariff pressures
he US longs market remained stable this month despite ongoing challenges from tariff-impacted imports, even as end-use demand was relatively unchanged and scrap prices held flat in August.