Widget Image
Follow PPD Social Media
Sunday, July 14, 2024
HomeNewsEconomyFHFA House Price Index (HPI) Beats Forecast in April

FHFA House Price Index (HPI) Beats Forecast in April

A house-for-sale sign is seen inside the Washington DC Beltway in Annandale, Virginia January 24, 2016. (Photo: Reuters)
A house-for-sale sign is seen inside the Washington DC Beltway in Annandale, Virginia January 24, 2016. (Photo: Reuters)

A house-for-sale sign is seen inside the Washington DC Beltway in Annandale, Virginia January 24, 2016. (Photo: Reuters)

The Federal Housing Finance Agency (FHFA) said Thursday the House Price Index (HPI) rose 0.7 in April, slightly beating the 0.6 median forecast. House prices rose 6.8% during the 12 months proceeding and including April, the strongest reading in 3 years.

For the 9 census divisions, seasonally adjusted monthly price changes from March 2017 to April 2017 ranged from -0.1% in the East South Central division to +1.6% in the West South Central division. The 12-month changes were all positive, ranging from +4.7% in the West North Central division to +8.9% in the Mountain division.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

Written by

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial