The US housing market rebound gained steam in November, new data suggests.
House prices were 5.5% up on a year ago, according to the widely-watched Case-Shiller index, the fastest rise since the market crash began in 2006.
However, separate data suggested US consumer confidence took an unexpected knock in January, as rises in income and payroll taxes came into effect.
The Conference Board’s Consumer Confidence Index fell sharply to 58.6 in the month, from 66.7 in February.
It was the lowest reading in more than a year. Analysts had been expecting a level of about 64.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.