Investing.com - The S&P/Case-Shiller home price index rose in line with expectations in June, increasing for the 13th 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 June from a year earlier, in line with forecasts.
U.S. home prices in May rose by 12.2%.
Month-on-month, U.S. home prices rose 2.2% in June, below expectations for a 2.3% increase, after rising by 2.5% in the preceding month.
Following the release of the data, the U.S. dollar was higher against the euro, with EUR/USD shedding 0.19% to trade at 1.3345.
Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures pointed to a loss of 0.8% at the open, S&P 500 futures indicated a decline of 1%, while the Nasdaq 100 futures signaled a drop of 1.1%.
In a report, Standard & Poor’s with Case-Shiller said its house price index rose at an annualized rate of 12.1% in June from a year earlier, in line with forecasts.
U.S. home prices in May rose by 12.2%.
Month-on-month, U.S. home prices rose 2.2% in June, below expectations for a 2.3% increase, after rising by 2.5% in the preceding month.
Following the release of the data, the U.S. dollar was higher against the euro, with EUR/USD shedding 0.19% to trade at 1.3345.
Meanwhile, U.S. stock index futures remained lower. The Dow Jones Industrial Average futures pointed to a loss of 0.8% at the open, S&P 500 futures indicated a decline of 1%, while the Nasdaq 100 futures signaled a drop of 1.1%.