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FHFA House Price Index Up 0.3 Percent in January


​​Washington, D.C. – U.S. house prices rose in January, up 0.3 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI).  The previously reported 0.8 percent change in December was revised downward to a 0.7 percent change. 

​​The FHFA HPI is calculated using home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac.  From January 2014 to January 2015, house prices were up 5.1 percent.  The U.S. index is 3.5 percent below its March 2007 peak and is roughly the same as the December 2005 index level.  

For the nine census divisions, seasonally adjusted monthly price changes from December 2014 to January 2015 ranged from -0.4 percent in the Middle Atlantic and South Atlantic divisions to +2.3 percent in the East South Central division. The 12-month changes were all positive ranging from +1.7 percent in the Middle Atlantic division to +8.2 percent in the Pacific division.

Monthly index values and appreciation rate estimates for recent periods are provided in the table and graphs on the following pages. Complete historical data are available on the Downloadable HPI Data page. 

For detailed information on the monthly HPI, see HPI Frequently Asked Questions (FAQ). The next HPI report will be released April 22, 2015 and will include monthly data for February 2015.  Future HPI release dates for 2015 are available on the HPI Release Dates page. 



​The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These gov​ernment-sponsored enterprises provide more than $5.6 trillion in funding for the U.S. mortgage markets and financial institutions.​  Additional information is available at www.FHFA.gov, on Twitter @FHFAYouTube and LinkedIn.


​​​Media:  Stefanie Johnson (202) 649-3030 / Corinne Russell (202) 649-3032
Consumers: Consumer Communications or (202) 649-3811​​​

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