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The S&P/Case-Shiller home price index increased 4.5% in December, in line with expectations, after a 4.3% gain in November.
Chairman of the index committee at S&P Dow Jones Indices David Blitzer said that "the housing recovery is faltering". He noted that construction and new home sales is still weak.
The S&P/Case-Shiller home price index measures single-family home prices in 20 U.S. cities.
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