Britain’s Nationwide House Price Index Rises Unexpectedly

ForexNewsNow | Published on December 31, 2010 at 2:57 am

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NEW YORK (Forex News Now) – The Nationwide Building Society’s House Price Index rose unexpectedly in December, data showed on Friday in the day’s major realtime forex news event.

In a report likely to impact currency market trading, the society said that the selling price of homes with mortgages it backs rose by 0.4%, up from the decline of 0.3% the previous month.

Analysts had actually predicted a third successive decline of 0.2% this month, two online FX trading news outlets reported.

The data is a key indicator of the health of the housing industry because rising house prices attract investors and boost industry activity.

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