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Housing

US Home Prices: Case-Shiller National Index

The S&P Case-Shiller U.S. National Home Price Index rose 2.1% over the 12 months ending August 2026, up from 1.9% in July 2026. The index stood at 336.74 (January 2000 = 100). A year earlier (Aug 2025), the reading was 1.5%.

2.1%
+0.2 pp vs prior month
August 2026 · Monthly data
Previous1.9%Jul 2026
A year earlier1.5%Aug 2025 · +0.6 pp
1-year high2.1%Aug 2026
1-year low0.8%Feb 2026
5-year high20.8%Mar 2022
5-year low-0.3%May 2023
Index level336.74Aug 2026

Home Price Growth (Case-Shiller): chart

Home Price Growth (Case-Shiller), Sep 2025 to Aug 2026Line chart from Sep 1, 2025 to Aug 1, 2026. Latest 2.1%; high 2.1% on Aug 1, 2026; low 0.8% on Feb 1, 2026.0.5%1.0%1.5%2.0%2.5%Oct '25Jan '26Apr '26Jul '262.1%Low 0.8%
Home Price Growth (Case-Shiller), Sep 2021 to Aug 2026Line chart from Sep 1, 2021 to Aug 1, 2026. Latest 2.1%; high 20.8% on Mar 1, 2022; low -0.3% on May 1, 2023.-5%0%5%10%15%20%25%202220232024202520262.1%High 20.8%Low -0.3%
Home Price Growth (Case-Shiller), Sep 2016 to Aug 2026Line chart from Sep 1, 2016 to Aug 1, 2026. Latest 2.1%; high 20.8% on Mar 1, 2022; low -0.3% on May 1, 2023.-5%0%5%10%15%20%25%201820202022202420262.1%High 20.8%Low -0.3%

12-month % change in the S&P Case-Shiller U.S. National Home Price Index, not seasonally adjusted.

Latest readings

Monthly data
Month12-month changeChange (pp)Index level
Aug 20262.1%+0.2336.74
Jul 20261.9%+0.3337.26
Jun 20261.6%+0.3336.92
May 20261.3%+0.3335.60
Apr 20261.0%+0.2333.18
Mar 20260.8%0.0330.44
Feb 20260.8%-0.2327.83
Jan 20261.0%-0.2326.76
Dec 20251.2%-0.1327.03
Nov 20251.3%0.0327.85
Oct 20251.3%0.0328.23
Sep 20251.3%-0.2328.87
Aug 20251.5%-0.1329.84
Jul 20251.6%-0.3330.92
Jun 20251.9%-0.5331.56
May 20252.4%-0.4331.37
Apr 20252.8%-0.6329.85
Mar 20253.4%-0.6327.70
Feb 20254.0%-0.2325.10
Jan 20254.2%+0.2323.63
Dec 20244.0%+0.3323.27
Nov 20243.7%+0.1323.65
Oct 20243.6%-0.3323.94
Sep 20243.9%-0.4324.62

pp = percentage points.

Related indicators

All US economy indicators →
30-year mortgage rate
7.18%
-0.06 pp vs prior week
Nov 5, 2026 · Freddie Mac
Housing starts
1.22M
-67K (-5.2%) vs prior month
Sep 2026 · U.S. Census Bureau
Core CPI inflation
2.6%
+0.2 pp vs prior month
Sep 2026 · U.S. Bureau of Labor Statistics
M2 money supply
5.7%
+0.1 pp vs prior month
Sep 2026 · Federal Reserve Board (H.6)
US housing market report: listing prices & inventory

Frequently asked questions

How fast are US home prices rising?

The S&P Case-Shiller U.S. National Home Price Index rose 2.1% over the 12 months ending August 2026, up from 1.9% in July 2026. The index stood at 336.74 (January 2000 = 100). A year earlier (Aug 2025), the reading was 1.5%.

Why is the Case-Shiller data two months old?

It is based on closed sales recorded in public property records, which take time to collect, and each reading averages three months of transactions. That makes it accurate but slow compared with trackers based on listing prices.

How are home prices related to inflation?

The CPI measures housing costs mainly through rents and owners' equivalent rent, not home prices. Rising home prices tend to push rents up over time, so they show up in inflation with a long lag.

Source: S&P Dow Jones Indices, via FRED, Federal Reserve Bank of St. Louis (series CSUSHPINSA). Data checked Nov 6, 5:40 PM ET. Not investment advice.