FHFA House Price Index SOARS Higher, Jumping 1.8%

houses housing dallas vintage

Photo: Wikimedia Commons

UPDATE: The FHFA house price index jumped higher by 1.8 per cent in March, handily beating analyst expectations.While this is merely one datapoint, this—in addition to a beat in new home sales—speaks to the argument that housing may indeed have hit a bottom.


ORIGINAL: Get ready for the FHFA House price index, out at 10 AM EDT.

Analysts polled by Bloomberg believe the index rose by 0.3 per cent in February, after the same gain in January.

This data point could cement or reject speculation that we’ve already seen the housing bottom.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.