USA S&P/CS HPI Composite - 20 n.s.a. (MoM) For May 1.0%; 1.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The USA S&P/CS HPI Composite - 20 n.s.a. (MoM) for May showed a 1.0% increase, down from the previous 1.4%.
July 30, 2024 | 1:00 pm
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NEUTRAL IMPACT
The USA S&P/CS HPI Composite - 20 n.s.a. (MoM) for May increased by 1.0%, which is a slowdown from the previous 1.4%. This could indicate a cooling housing market, potentially impacting the broader market sentiment.
The S&P/CS HPI Composite is a key indicator of housing market health. A slowdown in growth from 1.4% to 1.0% could suggest a cooling market, which might affect investor sentiment towards the broader market, including SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80