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Home prices in 20 US cities increase at steady pace

Gains in payrolls and historically low levels of jobless claims are likely making home purchases more attractive

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New-home construction unexpectedly cooled in January as housing starts dropped 3.8 per cent to a 1.1 million annualised rate, the weakest in three months.

Washington

HOME values in 20 US cities steadied in the year ended December, putting residential real estate on healthier footing to contribute to the economic expansion.

The S&P/Case-Shiller index of property values increased 5.7 per cent from December 2014, the same as in the

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