US housing data
- Prior was +3.46%
- 20-city prices up 0.55% m/m vs +0.1% exp
- National index +4.78% y/y vs +4.35% prior
- Full report
The only question about US housing is how far it runs and how long the boom lasts. Low interest rates and FOMC can be an extremely powerful thing so I believe it will run as long as the Fed lets it. Given their guidance, that's at least through 2023.
