Home Prices Outpace Inflation
The price per square foot of a U.S. home is higher than ever.
The price per square foot of a U.S. home is higher than ever.
The gain was down from 20.6% in April.
Lack of inventory continues to support growth in prices, which have increased year over year for 124 straight months.
Single-family home prices increased at the annualized rate of 19.4% in the second quarter of 2022.