Investing.com - The S&P/Case-Shiller home price index rose more-than-expected in April, increasing for the 11th consecutive month, industry data showed on Tuesday.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 12.1% in April from a year earlier, above expectations for a 10.6% increase.
U.S. home prices in March rose by 10.9%.
Month-on-month, U.S. home prices rose 2.5% in April, beating expectations for a 1.1% increase, after rising by 1.4% in the preceding month.
Following the release of the data, the U.S. dollar was higher against the euro, with EUR/USD shedding 0.28% to trade at 1.3085.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a gain of 0.5% at the open, S&P 500 futures indicated a rise of 0.5%, while the Nasdaq 100 futures signaled a gain of 0.6%.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 12.1% in April from a year earlier, above expectations for a 10.6% increase.
U.S. home prices in March rose by 10.9%.
Month-on-month, U.S. home prices rose 2.5% in April, beating expectations for a 1.1% increase, after rising by 1.4% in the preceding month.
Following the release of the data, the U.S. dollar was higher against the euro, with EUR/USD shedding 0.28% to trade at 1.3085.
Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures pointed to a gain of 0.5% at the open, S&P 500 futures indicated a rise of 0.5%, while the Nasdaq 100 futures signaled a gain of 0.6%.