US: Housing Price Index holds steady in October vs. +0.8% expected

• Home prices in the US stayed unchanged in October.
• US Dollar Index stays in its daily range above 104.00.

House prices in the US remained unchanged on a monthly basis in October, the monthly data published by the US Federal Housing Finance Agency showed on Tuesday. This reading came in below the market expectation for an increase of 0.8%.

Meanwhile, the S&P/Case-Shiller Home Price Index arrived at 8.6% on a yearly basis in October, compared to analysts’ estimate of 10.4%.

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen losing 0.05% on the day at 104.26.