November US Case-Shiller house price index 9.08% y/y vs +8.7% expected
November US housing data from S&P CoreLogic Case-Shiller
- Prior was 7.95%
- Prices +1.41% m/m vs +1.0% expected
- Prior m/m reading was +1.6%
- Largest annual increase since May 2014
The US housing boom still just getting started. Homebuilder DR Horton today reported earnings and said its backlog of orders is up 107% y/y. The company said "housing market conditions remain very strong."