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News Release

FHFA House Price Index Up 0.3 Percent in August

FOR IMMEDIATE RELEASE
10/22/2015

Washington, D.C. – U.S. house prices rose in August, 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 0.6 percent increase in July was revised downward to reflect a 0.5 percent increase.

The FHFA HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From August 2014 to August 2015, house prices were up 5.5 percent. The U.S. index is 0.9 percent below its March 2007 peak and is roughly the same as the December 2006 index level.

For the nine census divisions, seasonally adjusted monthly price changes from July 2015 to August 2015 ranged from -0.4 percent in the East North Central and Middle Atlantic divisions to +0.8 percent in the East South Central division. The 12-month changes were all positive, ranging from +2.2 percent in the Middle Atlantic division to +8.3 percent in the Mountain 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 November 25, 2015 and will include monthly data through September and quarterly data for the third quarter of 2015.

FHFA has published HPI release dates for 2016, which can be found on the HPI Release Dates page.

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide nearly $5.7 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube and LinkedIn.

Contacts:

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

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