Widget Image
Follow PPD Social Media
Connect With PPD
Monday, November 18, 2019
HomeNewsEconomyFHFA Home Price Index (HPI) Rose 6.9% on Yearly Basis, Strongest in More than 3 Years

FHFA Home Price Index (HPI) Rose 6.9% on Yearly Basis, Strongest in More than 3 Years

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) House Price Index (HPI) rose by just 0.4% in May, while house prices were up 6.9% on a yearly basis. The annual rise is the strongest in roughly 3 1/2 years, though the last two months have shown weakness.

For the 9 census divisions, seasonally adjusted monthly price changes from April 2017 to May 2017 ranged from -0.5% in the Middle Atlantic division to +1.0% in the West South Central division. The 12-month changes were all positive, ranging from +4.0% in the Middle Atlantic division to +8.7% in the Pacific division.

Written by
Staff Writing Group

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.