U.S. home prices in major metropolitan areas edged higher in February 2026, with the S&P/Case-Shiller 20-City Home Price Index (non-seasonally adjusted) rising 0.4% month-over-month. The latest reading, updated on 28 April 2026, marks a clear rebound from January’s 0.1% decline.
The shift from -0.1% in January to 0.4% in February suggests renewed upward momentum in urban housing markets after a brief pullback. Measured on a month-over-month basis, the indicator compares February’s change in prices against January, while the previous figure reflected January’s movement versus December. The return to positive territory will be closely watched by investors and policymakers as they assess the resilience of U.S. housing amid broader economic uncertainties.