House prices hail America's rebuild

The US house prices index's double-digit growth in the year to March is a strong indicator the US economy is climbing out of the mud and into a sustainable rebound.

The uneven economic growth performance in the US was tilted to the positive side overnight with confirmation that house prices continue to climb out of the mud that was the catalyst of the banking and economic crisis of 2008 to 2010. A jump in consumer sentiment also bodes well for household spending growth over the next few months. 

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