Home Price Growth Slows in March
The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) increased at a seasonally adjusted annual rate of 3.65% for March, following a 6.42% gain in February. On a year-over-year basis, the HPI posted a 6.49% annual gain in March, following a 6.53% increase in February.
The Home Price Index released by the Federal Housing Finance Agency (FHFA) rose at a seasonally adjusted annual rate of 1.2% for March, falling from a 16.07% rate in February. On a year-over-year basis, the index rose 6.75% in March, down from 7.11% in the previous month.
The S&P Dow Jones Indices also reported home price indexes across 20 metro areas in March on a seasonally adjusted basis, with a national average of 3.65%.
The three metro areas with greatest home price appreciation:
- New York (16.2%)
- Cleveland (16.13%)
- Chicago (9.47%)
The three metro areas with the greatest home price depreciation:
- Tampa (-2.95%)
- Phoenix (-3.49%)
- Denver (-7.85%)
See how home prices appreciated in other key metro areas in this Eye on Housing post.
Latest from NAHBNow
Economics
Aug 17, 2026
Affordability Pressures Keep Builder Confidence Low
Builder confidence in the market for newly built single-family homes inched up one point to 35 in August, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.
Regulations | Environmental Issues
Aug 14, 2026
Administration Acts on 3 Key NAHB Deregulatory Priorities
Two regulations will become effective under the Endangered Species Act (ESA) on Aug. 20, and a third final rule rescinding the ESA’s 45-year-old “harm” regulatory definition becomes effective next month.
Latest Economic News
Economics
Aug 17, 2026
Consumer Credit Slowed in Q2
In the second quarter of 2026, consumer credit growth slowed over the quarter and was lower than a year ago. According to the Federal Reserve’s G.19 Consumer Credit Report, total outstanding U.S. consumer credit reached $5.17 trillion in the second quarter of 2026.
Economics
Aug 17, 2026
Affordability Pressures Keep Builder Confidence Low
Builder sentiment remains muted from economic and geopolitical uncertainty, elevated mortgage rates and rising construction costs.
Economics
Aug 14, 2026
Single-Family Permitting Declines Through June in Contrast to Multifamily
Single-family permitting activity continued to weaken through the first half of 2026, while multifamily permitting remained somewhat stronger compared with the same period last year.