The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States advanced 0.4 percent from a month earlier in July 2019, after a 0.2 percent gain in the previous month and above market expectations of a 0.3 percent rise. Among Census divisions, increases were recorded in Mountain (1.2 percent); New England (0.8 percent); Pacific (0.5 percent); East North Central (0.4 percent); East South Central (0.3 percent); South Atlantic (0.2 percent); West South Central (0.2 percent); West North Central (0.2 percent); and in the Middle Atlantic (0.1 percent). Year-on-year, house prices went up 5 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.