Investing.com - The S&P/Case-Shiller home price index rose more-than-expected in September, increasing for the sixth 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 3.0% in September from a year earlier, above expectations for a 2.9% increase.
U.S. home prices in August rose by an unrevised 2.0%.
Month-on-month, U.S. home prices rose 0.4%, in line with expectations, after rising by 0.4% in the preceding month.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.22% to trade at 1.2944.
Meanwhile, U.S. stock index futures remained little changed. The Dow Jones Industrial Average futures pointed to a loss of 0.1%, S&P 500 futures indicated a decline of 0.05%, while the Nasdaq 100 futures signaled a flat open.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 3.0% in September from a year earlier, above expectations for a 2.9% increase.
U.S. home prices in August rose by an unrevised 2.0%.
Month-on-month, U.S. home prices rose 0.4%, in line with expectations, after rising by 0.4% in the preceding month.
Following the release of the data, the U.S. dollar added to gains against the euro, with EUR/USD shedding 0.22% to trade at 1.2944.
Meanwhile, U.S. stock index futures remained little changed. The Dow Jones Industrial Average futures pointed to a loss of 0.1%, S&P 500 futures indicated a decline of 0.05%, while the Nasdaq 100 futures signaled a flat open.