That's up 5.7%, year-on-year, and here's Calculated Risk's Bill McBride on what that means, and what's next.

McBride draws notice to the fact that the index is still down 14.2% from the peak in 2006 (not inflation adjusted), and that the trajectory of increase has flattened of late. He writes:

Most of the other indexes are also showing the year-over-year change in the mid single digit range.

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