US: S&P/Case-Shiller Home Price Index rises 4% in Arpil vs. 3.8% expected

According to the S&P/Case-Shiller, 20-metro area Home Price Index in the US increased by 4% on a yearly basis in April. This reading came in slightly higher than the market expectation of 3.8% and followed March's print of 3.9%. 

Key takeaways

"US April home prices in 20 metro areas +0.3% seasonally adjusted (consensus +0.5%) vs +0.5% in March."

"US April 20-metro area home prices non-adjusted +0.9% vs +1.1% in March."

"US April home prices in 10 metropolitan areas +3.4% from year-ago vs +3.4 % in March."

"US April home prices in 10 metro areas +0.3% seasonally adjusted vs revised +0.5% in March."

"US home prices in 10 metro areas non-adjusted +0.7% in April vs revised +1.1% in March."

Market reaction

The US Dollar Index largely ignored these figures and was last seen gaining 0.22% on the day at 97.68.