Home values in the US kept stabilisng and consumer confidence rose, bolstering the case that an economic recovery is at hand, economists said before reports out today.

The S&P/Case-Shiller index covering home prices in 20 cities fell 11.9% in August from a year earlier, the smallest drop in 19 months, according to the median forecast of economists surveyed by Bloomberg News. Sentiment this month climbed, a report from the Conference Board may show, even as Americans continue to fret over employment prospects.