According to the last S&P/Case-Shiller house price index published by Standard & Poors (S&P), house prices rose 20.2% yoy in February, above expectations for a 19% increase and above January’s 19.2% yoy increase. The main index showed that house prices increased by 2.4% mom in February, above the expected increase of 1.5% and the increase of 1.7% in January.
According to the house price index released by the Federal Housing Finance Agency at the same time, house prices rose 19.4% YoY in February and 2.1% MoM.
market reaction
There was no reaction to the latest Durable Goods Orders figures, with DXY still trading just below 102.00 and thus still at multi-month highs.
Source: Fx Street
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