S&P/CS HPI Composite - 20 s.a. (MoM) For June 0.4% Vs 0.3% Est.; 0.4% Prior
Portfolio Pulse from Benzinga Newsdesk
The S&P/CS HPI Composite - 20 s.a. for June showed a month-over-month increase of 0.4%, surpassing the estimated 0.3% and matching the prior month's increase.
August 27, 2024 | 1:02 pm
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POSITIVE IMPACT
The S&P/CS HPI Composite - 20 s.a. for June increased by 0.4%, exceeding expectations. This positive housing market data could influence SPY, as it reflects broader economic conditions.
The S&P/CS HPI Composite - 20 s.a. is a key indicator of the housing market's health. A better-than-expected increase suggests economic strength, which can positively impact SPY, an ETF that tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50