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FHFA House Price Index Up 0.6 Percent in January; Up 5.6 Percent from Last Year


Washington, D.C. – U.S. house prices rose in January, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.3 percent increase for December 2018 remained unchanged. 

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.  From January 2018 to January 2019, house prices were up 5.6 percent. 

For the nine census divisions, seasonally adjusted monthly house price changes from December 2018 to January 2019 ranged from -0.7 percent in the New England division to +1.1 percent in the East North Central division.  The 12-month changes were all positive, ranging from +4.3 percent in the Pacific division to +7.8 percent in the Mountain division.

Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs on the following pages.  Downloadable data and HPI release dates for the remainder of 2019 are available on the HPI page.

For detailed information on the FHFA HPI, see HPI Frequently Asked Questions (FAQ).

The next HPI report will be released April 23, 2019 and will include monthly data through February 2019.

Click here to view the Report 



The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $6.2 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.



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

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