S&P/Case-Shiller home price index rises 4.5% in December

Market news

24 February 2015

S&P/Case-Shiller home price index rises 4.5% in December

The S&P/Case-Shiller home price index increased 4.5% in December, in line with expectations, after a 4.3% gain in November.

Chairman of the index committee at S&P Dow Jones Indices David Blitzer said that "the housing recovery is faltering". He noted that construction and new home sales is still weak.

The S&P/Case-Shiller home price index measures single-family home prices in 20 U.S. cities.

U.S.: Services PMI, February 57.0 (forecast 54.5)

U.S. Stocks open: Dow -0.10%, Nasdaq -0.08%, S&P -0.02%

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