Third month of US home rises...

Ben Southwood
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US HOUSE prices rose again in April, while consumer confidence dipped further, according to data published yesterday.

The S&P/Case-Shiller house price index rose 0.7 per cent in April, marking the third consecutive month of gains.

Prices are still down 1.9 per cent on the year, but this beats the 2.6 per cent fall in the year to March.

Consumer confidence for June slumped to a five-month low of 62 on the conference board’s sentiment index, from a revised 64.4 in May. This low figure reflects worries about unemployment and could point to worsening house prices as confidence drops.