New York (Reuters) - the United States housing prices, the sixth consecutive months, July in a sustainable housing market in the latest sign of recovery, and this month in consumer confidence provides a jumping omen, americans are ready to relax consumption.
Six years later, its collapse, economists believe that the housing market has turned a corner.
Two independent report, showed Tuesday, house prices link up 7 months, although not so strong, and last month's income. The resale and groundbreaking new features in August rise, and business sentiment residential builders played more than 6 years high this month recent data.
S&P/case shearer comprehensive index of 20 metropolitan areas in July rose 0.4%, the seasonally adjusted basis. Economists had expected 0.9% of income, this will match ahead of June. Case shearer is the most concern of one of the U.S. housing market barometer.
On the basis of the adjustment, the price rose by 1.6% respectively.
House prices gain support, property in the Capital economy (Capital Economics) economists think, "even though and more extensive economic recovery efforts to gain traction, housing is a sustainable recovery, wrote:" Paul Diggle.
In the broader economic recovery has lost traction at the same time, building and rally. The economy in the second quarter, according to an annualised rate increased by 1.7% and economists said, "this is unlikely in this quarter not much.
Barclays Capital (Barclays Capital) the research director larry the said houses may give a more powerful push, the American economy in 2013 prices are steadily rising placate America's housing market crash is the past.
"We hope that haven't appeared falling house prices since 1940, so we don't know for sure, but six months prices may prevent from renting a house," he said.
Earlier this month, the United States federal reserve released a positive economic stimulus plan, which will buy $4 billion of mortgage-backed securities job market for a month, till continuous improvement.
Last week the federal reserve released mortgage rates pushed to a new record low, according to the housing mortgage loan financing providers Freddie Mac (Freddie Mac) data.
However, housing faced with some problems, including mortgage loan, a large number of underwater homeowners foreclosure is still in the womb of time, a lot of strict lending standards.
out
The us stock market in the afternoon walk slightly high, and housing's stock rose 0.4%. Housing index has risen more than 14% in September and so far.
The day's data help to depress bonds, the traditional refuge, from risk, because it reduces the worries about a global economic slowdown.
Also on Tuesday, consumer confidence index rising September in seven months to the highest level, the American employment market and income a more optimistic prospect.
Economic counselors office says, a industry group, its consumer attitude index from upward revised in August rose to 70.3 61.3 reading. This is the highest level since February, beyond the economists expected for 63 reading, according to Reuters survey.
And consumer spending accounts for two-thirds of the economic activity, analysts keenly saw an optimistic attitude into more buying.
"It indicates the cost on the road,", in the British commonwealth of foreign exchange in Washington's chief market analyst Omer of Esiner said.
More enjoyable consumers, coupled with the recent stock market rises, may help elect barack Obama the President's re-election opportunity, run for both focus on the health of the economy.
The housing market is considered a key sector of the economy.
"The building is out of trouble, should be the overall economic development forward made a contribution in standard &poor's index committee chairman David cloth for the levites, told Reuters, inside.
Compared with the same period last year, in the whole nation 20 cities prices have risen by 1.2% in 2010, the largest increase since August, according to the S&P/case shearer index.
The price is lower than a year ago only four cities, and Atlanta space the worst cases, down nearly 10%. Take a heavy toll of the phoenix sustained rebound, 16.6% of the income.
In addition, the federal housing finance bureau housing price index display, the price rose 0.2% in July, up 0.6% than 6 months.
Analysts warn that housing prices in the rest of the time this year may have reduction through the traditional summer buying boost subsidise.
Economists expected price will rise by 1% this year and 2.5% next year, according to Reuters survey in 9 months ago, the federal reserve announced the latest quantitative easing plan completion.
Federation (Conference Board) consumer confidence data, expectations index rose from 71.1 to 83.7, and present situation index rose to 46.5 from 50.2.
Consumers for current and labor market short-term prospects is more optimistic, their income prospect in the next six months have a more favorable.




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