US: House Price Index rises 0.9% in September to 354.6 from 351.5 in August

According to the latest data from the Federal Housing Finance Agency, the monthly House Price Index rose to 354.6 in September from 351.5 in August, a 0.9% MoM rise. That took the YoY rate of house price increase to 17.7% on the month. 

The S&P/Case-Shiller Home Price Index, released by Standard & Poor’s, showed prices rising at a YoY rate of 19.1% in September, slightly below the expected pace of 19.3% and a tad down from August’s YoY rate of 19.6%. 

Market Reaction

FX markets have not responded to the latest US house price numbers.