• Prior was +0.6%
  • Prices +5.4% y/y vs 5.8% expected
  • Prior was +4.9% y/y

The FHFA house price measure was up 6.6% y/y, nationally and 0.3% m/m. There are signs of a pickup in US house prices with inventories of homes for sale still low.

US inventory of homes for sale

Here's a good summary from Mike SImonsen.