- Prior was +2.1%
- Monthly +0.3% vs +0.2% expected
- Prior monthly +0.2%
FHFA data:
- National prices +2.6% y/y vs +2.3% prior
- +0.3% m/m vs +0.0% prior
Some home buyers will be glad they did in July to lock in those mortgage rates because they’ve been climbing since and are now at cyclical highs. Overall, the US housing market is surprisingly healthy but home building and home improvement are in a deep recession.
This article was written by Adam Button at investinglive.com.