The FHFA House Price Index (HPI) gained 0.2% in June (Q2) of 2019 and 4.8% year-over-year, slightly below the consensus forecasts. The initial levels for May and the year-over-year of 0.1% and 5.0%, respectively, were both revised up by 0.1%.
The forecasts ranged from a low of 0.2% to a high of 0.4%, with the consensus coming in at 0.3%.
Like the S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) released earlier this morning, the FHFA House Price Index (HPI) shows a slower rate of growth for prices and signals a potential leveling off.
