US FHFA House price index for August 0.7% vs 0.4% estimate

Will get new home sales at 10 AM ET with expectations at 554K

The FHFA house price index comes in better than expected at 0.7% vs 0.1% estimate.

• The prior month was also revised higher to 0.4% from 0.1%
• The 12 month rise is 6.6% through August.

Better than expected.

At 10 AM ET, new home sales will be released with the expectations of 554K vs 560K last month.