Federal Housing Finance Agency Print
Home / About FHFA / Reports / U.S. House Price Index Report - 1Q 2014 / March 2014
House Price Index

U.S. House Price Index Report - 1Q 2014 / March 2014

Published: 5/27/2014


​Significant Findings​​:

  • The seasonally adjusted, purchase-only HPI rose in 42 states and the District of Columbia during the first quarter of 2014 (up from 38 states during the fourth quarter of 2013).  The top annual appreciation was in:  1) Nevada, 2) District of Columbia, 3) California, 4) Arizona, and 5) Florida.

  • Of the nine census divisions, the Pacific division experienced the strongest increase in the first quarter, posting a 2.1 percent increase and a 13.2 percent increase since last year.  House prices were weakest in the Middle Atlantic division, where prices increased 0.1 percent from the prior quarter.

  • As measured with purchase-only indexes for the 100 most populated metropolitan areas in the U.S., first quarter price increases were greatest in the Charleston-North Charleston, SC Metropolitan Statistical Area (MSA) where prices increased by 10.7 percent.  Prices were weakest​ in the New Orleans-Metairie, LA MSA, where they fell 2.6 percent.  Positive appreciation was recorded in 71 of the 100 MSAs.

  • The monthly seasonally adjusted purchase-only index for the U.S. has increased for 23 of the last 24 months (November 2013 showed a decrease).

  • The Pacific and Mountain census divisions—the two divisions that saw the greatest price increases between March 2012 and March 2013—saw substantive decelerations over the latest 12 months.  Price appreciation was 12.4 percent between March 2013 and March 2014 in the Pacific Division, more than three percentage points below the rate for the preceding 12 months.  At 9.8 percent, the last 12-month appreciation in the Mountain division was more than four percentage points below the rate in the preceding 12 months.​

Related News Release

© 2022 Federal Housing Finance Agency