USA House Price Index (MoM) For July Prior Changed From 0.3% To 0.4%
Portfolio Pulse from Benzinga Newsdesk
The USA House Price Index for July has been revised from 0.3% to 0.4% on a month-on-month basis.
September 26, 2023 | 1:06 pm
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NEUTRAL IMPACT
The revision in the House Price Index could potentially impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which includes companies from the real estate sector. A change in the House Price Index could potentially impact these companies and, by extension, the SPY ETF. However, the impact is likely to be limited as the index covers a broad range of sectors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The revision in the House Price Index could have a more direct impact on the XHB ETF, which focuses on homebuilders.
The XHB ETF focuses on homebuilders, so a change in the House Price Index could have a more direct impact on this ETF. However, the impact is uncertain as it depends on various other factors such as interest rates and supply-demand dynamics in the housing market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70