【Global Property Guide】U.S. housing market gradually cooling

After six years of strong house price growth, the U.S. housing market is now cooling. House price rises are decelerating gradually. Demand and construction activity are falling, amidst rising interest rates. Homebuilder sentiment is also at its lowest in more than three years.

The S&P/Case-Shiller seasonally-adjusted national home price index rose by 5.16% during the year to November 2018 (2.92% inflation-adjusted), a deceleration from the previous year's 6.09% growth and the lowest pace in more than two years. This was supported by Federal Housing Finance Agency's seasonally-adjusted purchase-only U.S. house price index, which rose by 5.76% y-o-y in November 2018 (3.5% inflation-adjusted), lower than the y-o-y rises of 6.72% in November 2017 and 6.37% in November 2016.

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