FX.co ★ U.S. House Price Index Rebounds in May, Breaking Out of April Slump

The U.S. House Price Index returned to growth in May 2026, rising 0.3% month-over-month after a slight 0.1% decline in April. The latest data, updated on 28 July 2026, signal a modest recovery in housing prices following the brief pullback seen in the previous month.

On a month-over-month basis, the May reading reflects a clear turnaround from April’s negative momentum. In April 2026, the index slipped by 0.1% compared with March, whereas May’s 0.3% increase indicates renewed upward pressure in home values across the U.S. housing market.

The comparison is based on sequential monthly changes, with the current figure measuring the shift from April to May, and the previous figure capturing the change from March to April. This return to positive territory may be viewed as an early sign that the softening in prices was temporary rather than the start of a prolonged downturn.