The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States jumped 1 percent from a month earlier in July 2020, the same as an upwardly revised 1 percent rise in June. It is the biggest gain since March of 2013, with prices ranging from +0.6 percent in the West North Central division to +2.0 percent in the New England division. Between May and July 2020, prices increased by over 2 percent, which represents the largest two-month price increase observed since the start of the index in 1991. The housing market has been recovering as record-low mortgage rates continue to boost demand for new homes and many people move away from the big cities due to the coronavirus pandemic. Year-on-year, housing prices went up 6.5 percent.

Housing Index in the United States averaged 0.31 percent from 1991 until 2020, 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. This page provides the latest reported value for - United States House Price Index MoM Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States House Price Index MoM Change - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Federal Housing Finance Agency

Housing Index in the United States is expected to be 0.70 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 0.50 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 2021, according to our econometric models.

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United States House Price Index MoM Change

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 1.20 -1.80 1991 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-22 01:00 PM House Price Index MoM May -0.3% 0.1% 0.4%
2020-08-25 01:00 PM House Price Index MoM Jun 0.9% -0.2% 0.3%
2020-09-23 01:00 PM House Price Index MoM Jul 1% 1% 0.7%
2020-09-23 01:00 PM House Price Index YoY Jul 6.5% 5.8% 5.8%
2020-10-27 01:00 PM House Price Index YoY Aug 6.5% 6.6%
2020-11-24 02:00 PM House Price Index YoY Sep
2020-12-23 02:00 PM House Price Index YoY Oct


News Stream
US House Prices Jump 1% in July: FHFA
The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States jumped 1 percent from a month earlier in July 2020, the same as an upwardly revised 1 percent rise in June. It is the biggest gain since March of 2013, with prices ranging from +0.6 percent in the West North Central division to +2.0 percent in the New England division. Between May and July 2020, prices increased by over 2 percent, which represents the largest two-month price increase observed since the start of the index in 1991. The housing market has been recovering as record-low mortgage rates continue to boost demand for new homes and many people move away from the big cities due to the coronavirus pandemic. Year-on-year, housing prices went up 6.5 percent.
2020-09-23
US House Prices Rise the Most for 9 Months: FHFA
The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States jumped 0.9 percent from a month earlier in June 2020, the most since September las year. The housing market saw a recovery from a 0.2 percent fall in May, which was the first decline in home prices since January 2012, as local economies re-opened following weeks of business closure due to the pandemic and transactions picked up again. House price changes ranged from -0.1 percent in the Middle Atlantic division to +1.3 percent in the Pacific and East South Central divisions.
2020-08-25
US House Prices Fall for 1st Time for Over 8 Years
The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States dropped 0.3 percent from a month earlier in May 2020, following a downwardly revised 0.1 percent advance in April. That was the first monthly decline in house prices since January 2012, amid the coronavirus crisis. House price changes ranged from -1.0 percent in the New England division to +0.1 percent in the South Atlantic division. Year-on-year, house prices rose 4.9 percent. "The May HPI results are based on contracts for sale signed in late March and throughout April, which was a period when many states announced stay-at-home orders.", Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA said. "Based on the rebound in mortgage applications for home purchases and pending home sales in May, we expect the number of transactions increased somewhat in June.", he added.
2020-07-22
US House Prices Rise 0.2%: FHFA
The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States went up 0.2 percent from a month earlier in April of 2020, following a 0.1 percent advance in March. House price changes ranged from -0.5 percent in the South Atlantic division to +0.8 percent in the West South Central division. Year-on-year, housing prices rose 5.5 percent, with all positive changes, ranging from +5.0 percent in the Middle Atlantic division to +6.8 percent in the Mountain division. "We expect the normal spring bump in sales was pushed off by the COVID-19 shutdowns and may extend into the summer months as states reopen and real estate sales pick back up”, Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA said.
2020-06-24

United States House Price Index MoM Change
The FHFA (Federal Housing Finance Agency) House Price Index measures month over month changes in average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac.