US house price data from S&P CoreLogic Case-Shiller

  • Prior was 5.67% y/y
  • National HPI 5.58% y/y vs 5.65% y/y prior
  • Prices up 0.10% in May vs +0.30% exp
  • April prices +0.28% (revised to -0.18%)

The negative revision to the prior is a drag and the headline was a touch soft. Overall, it's not a great report but worries about housing are low.