U.S. house price index rise 0.5% in January

Market news

22 March 2016

U.S. house price index rise 0.5% in January

The Federal Housing Finance Agency (FHFA) released its monthly house price index for the U.S. on Tuesday. The U.S. house price index rose 0.5% on a seasonally adjusted basis in January, in line with expectations, after a 0.5% gain in December. December's figure was revised up from a 0.4% rise.

On a yearly basis, U.S. house prices climbed 6.0% in January, after a 5.7% rise in December.

U.S.: Manufacturing PMI, March 51.4 (forecast 51.8)

U.S. Stocks open: Dow -0.29%, Nasdaq -0.52%, S&P -0.43%

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