Both FHFA and S&P/Case-Shiller home price indexes rose moderately in April.

S&P Dow Jones Indices reported that the Case-Shiller (CS) National Home Price Index rose at a seasonally adjusted annual growth rate of 0.9% in April, slightly faster than the downwardly revised 0.7% in March. The Home Price Index from the Federal Housing Finance Agency (FHFA) slowed to a 2.8% seasonally adjusted annual rate in April, down from 10.2% in March.

Read more at NAHB Eye On Housing