The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States increased 0.1 percent from a month earlier in May of 2019, easing from a 0.4 percent rise in the previous month and below market expectations of a 0.3 percent gain. It is the lowest monthly rise in house prices since January of 2017. Among Census divisions, increases in the Pacific (0.2 percent); West North Central (0.1 percent); East North Central (0.3 percent); New England (0.4 percent); South Atlantic (0.5 percent) and Middle Atlantic (0.4 percent) were partly offset by declines in the Mountain (-0.3 percent); West South Central (-0.5 percent) and East South Central (-1.0 percent). Year-on-year, house prices rose 5.0 percent. Housing Index in the United States averaged 0.30 percent from 1991 until 2019, reaching an all time high of 1.20 percent in January of 2000 and a record low of -1.80 percent in November of 2008.
Housing Index in the United States is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in the United States to stand at 0.30 in 12 months time. In the long-term, the United States House Price Index MoM Change is projected to trend around 0.30 percent in 2020, according to our econometric models.