Home prices continue upward swing
The Standard & Poor’s/Case-Shiller Home Price Indices showed U.S. home prices continuing up. But in some places, the growth isn’t as fast.
The National Index grew 7.1% in the second quarter and 10.1% over the last four quarters, according to data released Tuesday morning. The 10-City and 20-City Composites posted returns of 2.2% for June and 11.9% and 12.1% over 12 months.
“National home prices rose more than 10% annually in each of the last two quarters,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices. “However, the monthly city-by-city data showed the pace of price increases is moderating.
“The Southwest and California have consistently led the recovery with Las Vegas, Los Angeles, Phoenix and San Francisco posting at least 15 months of gains. Looking at the cities, New York recorded its highest monthly return since 2002. Atlanta was up the most at +3.4% and Washington, D.C., had the lowest return at +1.0%. In terms of annual rates of change, San Francisco lost its leadership position with Las Vegas showing the highest post-recession gain of 24.9%.
Year-over-year, Las Vegas and San Francisco were the only two metropolitan statistical areas to post gains of more than 20%; Atlanta, Detroit and Phoenix decreased to +19.0%, +16.4% and +19.8%, respectively.
Delta reports higher traction on H2Okinetic technology
Boston — Delta’s innovative H2Okinetic Technology enjoyed its share of the spotlight at the Orgill Market. The innovation, launched a couple years ago and in the process of gaining traction, was prominently displayed at the Delta booth here.
National account manager Christopher Conlisk said that the company has increased advertising coverage of the new H2Okinetic Technology in an effort to increase its market presence.
"We’ve improved the showering experience while maintaining a water-efficient product that uses less gallons per minute," he said. "The water droplets are larger so it feels like a higher volume of water, but you’re actually using less water overall."
H2Okinetic Technology, which is present in Delta’s In2ition Two in One Shower Head and some of its tub and shower valves, uses special chips positioned in the shower head to move the water in a unique pattern, which conserves water without downgrading the end-user experience.