House price data from the FHFA
- Prior was +0.6%
- Prices up 6.8% y/y
- Prior y/y reading was +6.2%
- Index at 248.2 vs 246.6
It's a small beat but these add up over time. The housing market is slowly gathering momentum as the scars from the crisis fade.
The three-month moving average of US house prices is at the highest since 2013.
