January 28, 2014 / 2:15 PM / 4 years ago

US home prices up more than forecast in Nov

NEW YORK, Jan 28 (Reuters) - U.S. single-family home prices in November rose slightly more than expected from the previous month, while their increase from a year ago was the biggest in almost eight years, a closely watched survey said on Tuesday.

The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.9 percent on a seasonally adjusted basis. A Reuters poll of economists forecast a rise of 0.8 percent.

The 20-city composite index rose 13.7 percent year-on-year, the largest rise since February 2006.

Americas Economics and Markets Team; Editing by Meredith Mazzilli

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below