US: Housing Price Index rises by 1.6% in April vs. 1.5% expected

House prices in the US rose by 1.6% on a monthly basis in April.
US Dollar Index clings to daily gains near 104.30.

Eren Sengezer FXStreet

The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index rose by 1.6% on a monthly basis in April. This print matched March's reading and came in slightly higher than the market expectation for an increase of 1.5%.

On a yearly basis, home prices in the US increased by 18.8%.

Additionally, the S&P/Case-Shiller Home Price Index edged higher to 21.2% annually in April from 21.1%.

Market reaction

There was no immediate market reaction to these figures and the US Dollar Index was last seen rising 0.37% on a daily basis at 104.33.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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