The S&P Case Shiller National Home Price Index increased 0.5% MoM (NSA: -0.1% MoM) and was up 3.9% YoY in December, up from 3.7% YoY in November.

• The 20-City Composite increased 0.5% MoM (NSA: -0.1% MoM) and was up 4.5% YoY above the 4.4% YoY forecast and the previous reading of 4.3% YoY.
• The 10-City Composite increased 0.5% MoM (NSA: 0.0% MoM) and was up 5.1% YoY, up from 5.0% YoY previously.
• On a monthly, seasonally adjusted basis, national level house prices fell two months in a row, down -0.15% MoM in December and -0.16% MoM in November.