Investing.com - The S&P/Case-Shiller home price index rose in line with expectations in July, increasing for the 14th 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 12.4% in July from a year earlier, in line with forecasts.
U.S. home prices in June rose by 12.1%.
Month-on-month, U.S. home prices rose 1.8% in July, below expectations for a 2% increase, after rising by 2.2% in the preceding month.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.17% to trade at 1.3471.
Meanwhile, U.S. stock index futures remained modestly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.1% at the open, S&P 500 futures indicated a flat open, while the Nasdaq 100 futures signaled a gain of 0.2%.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 12.4% in July from a year earlier, in line with forecasts.
U.S. home prices in June rose by 12.1%.
Month-on-month, U.S. home prices rose 1.8% in July, below expectations for a 2% increase, after rising by 2.2% in the preceding month.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.17% to trade at 1.3471.
Meanwhile, U.S. stock index futures remained modestly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.1% at the open, S&P 500 futures indicated a flat open, while the Nasdaq 100 futures signaled a gain of 0.2%.