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- US: S&P/Case-Shiller Home Price Index up 20.2% YoY in February versus 19.0% expected gain
US: S&P/Case-Shiller Home Price Index up 20.2% YoY in February versus 19.0% expected gain
According to the latest headline S&P/Case-Shiller Home Price Index released by Standard & Poors (S&P), home prices were up 20.2% YoY in February, above expectations for a 19% gain and up from January's YoY gain of 19.2%. The headline index showed that house prices gained 2.4% MoM in February, above the expected gain of 1.5% and above January's 1.7% gain.
According to the House Price Index released by the Federal Housing Finance Agency at the same time, house prices were up 19.4% YoY in February and 2.1% MoM.
Market Reaction
There was no reaction to the latest Durable Goods Orders figures, with the DXY still trading just under the 102.00 and, thus, still at multi-month highs.
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