U.S. Home Price Indexes Show Monthly Declines in April

Economists had forecast a 0.2 percent increase, and the March reading had been a 0.1 percent gain. That figure compared with an expected 0.10 percent drop and a 0.16 percent decline in March.

On an annual basis, the 20-City index rose 1.14 percent, above the 0.90 percent estimate and the previous 0.83 percent increase. The annual measures track the same homes over twelve months. No officials were named in the data release.