The S&P Case-Shiller National Home Price Index increased 0.4% MoM and 3.8% YoY in November, up from 3.6% YoY in October. The 10-City Composite was up 4.9% YoY, unchanged from the annual gain in the previous month, and the 20-City Composite was up 4.3% YoY, a slight acceleration from 4.2% YoY. The 20-City Composite annual increase was in line with expectations. Housing prices continue to post positive annual growth but below the historical average.