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S&P/Case-Shiller home price index up 10.9% in March

Published 05/28/2013, 09:01 AM
Updated 05/28/2013, 09:01 AM

Investing.com - The S&P/Case-Shiller home price index rose more-than-expected in March, increasing for the tenth 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 10.9% in March from a year earlier, above expectations for a 10.2% increase.

U.S. home prices in February rose by 9.3%.

Month-on-month, U.S. home prices rose 1.4% in March, compared to expectations for a 1% increase, after rising by 1.3% in the preceding month.

Following the release of the data, the U.S. dollar was little changed against the euro, with EUR/USD shedding 0.02% to trade at 1.2928.

Meanwhile, U.S. stock index futures were higher. The Dow Jones Industrial Average futures pointed to a gain of 0.7% at the open, S&P 500 futures indicated a rise of 0.8%, while the Nasdaq 100 futures signaled a 0.9% increase.

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