US: Housing Price Index Edges Higher to 1.8% in April

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) rose by 1.8% on a monthly basis in April following March’s increase of 1.6%.

Meanwhile, the annual S&P/Case-Shiller Home Price Indices arrived at 14.9% in February and surpassed the market expectation of 14.5%.