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Friday, July 19, 2024
HomeNewsEconomyFHFA House Price Index (HPI) Gained 0.2% in November; 4.9% Year-Over-Year

FHFA House Price Index (HPI) Gained 0.2% in November; 4.9% Year-Over-Year

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) found U.S. house prices gained 0.2 in November, and 4.9% year-over-year. That’s the first time the HPI fell below a 5% annual rate since 2015.

The previously reported 0.2% increase for October 2019 was revised higher by two fold to 0.4%. Forecasts ranged from a low of 0.2% to a high of 0.4%. The consensus was 0.3%.

For the nine census divisions, seasonally adjusted monthly house price changes from October 2019 to November 2019 ranged from -0.1% in the Mountain division to +0.8% in the East North Central division.

The 12-month changes were all positive, ranging from +3.8% in the New England and the West South Central divisions to +6.3% in the Mountain division.

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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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