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News Release

FHFA House Price Index Up 0.8 Percent in November

FOR IMMEDIATE RELEASE
1/22/2015

​Washington, D.C. – U.S. house prices rose in November, up 0.8 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 0.6 percent change in October was revised downward to a 0.4 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 November 2013 to November 2014, house prices were up 5.3 percent. The U.S. index is 4.5 percent below its April 2007 peak and is roughly the same as the October 2005 index level.

For the nine census divisions, seasonally adjusted monthly price changes from October 2014 to November 2014 ranged from -0.9 percent in the New England division to +1.8 percent in the East South Central division. The 12-month changes were all positive, ranging from +1.6 percent in the New England division to +7.5 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 February 26, 2015 and will include monthly data for December 2014 and quarterly data for the fourth quarter of 2014. Future HPI release dates for 2015 are available on the HPI Release Dates page.

Attachments:

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Contacts:

Corinne Russell (202) 649-3032​ / Stefanie Johnson (202) 649-3030​  

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