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Friday, October 18, 2019
HomeNewsEconomyFHFA House Price Index (HPI) Gained 0.4% in July; 5.0% Year-Over-Year, Beating Forecasts

FHFA House Price Index (HPI) Gained 0.4% in July; 5.0% Year-Over-Year, Beating Forecasts

Real estate market with price tags above home properties to illustrate house prices in 3D abstract. (Photo: AdobeStock)

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) gained 0.4% in July and 5.0% year-over-year from July 2018, beating the consensus forecasts. The previously reported 0.2% gain for June 2019 was unchanged.

Forecasts

Forecasts were looking for a low of 0.1% to a high of 0.4% and the consensus was for a gain of 0.2%. Year-over-year, forecasts ranged from a low of 4.5% to a high of 5.1% and the consensus came in at 4.6%.

PriorConsensus ForecastForecast RangeActual
M/M ∆0.2%0.2%0.1% to 0.4%0.4%
Y/Y ∆4.8%4.6%4.5% to 5.1%5.0%

Regional Monthly

For the nine census divisions, seasonally adjusted monthly house price changes from June 2019 to July 2019 ranged from 0.1% gain in the Middle Atlantic division to 1.2% gain in the Mountain division.

The 12-month changes were all positive, ranging from a gain of 3.6% in the Middle Atlantic division to a 7.6% gain in the Mountain division.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) NSA released earlier this morning also beat the consensus forecast.

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.

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