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News Release

FHFA House Price Index Up 0.7 Percent in August

FOR IMMEDIATE RELEASE
10/25/2016

Washington, D.C. – U.S. house prices rose in August, up 0.7 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 0.5 percent increase in July 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 August 2015 to August 2016, house prices were up 6.4 percent.  

For the nine census divisions, seasonally adjusted monthly price changes from July 2016 to August 2016 ranged from no change in the West North Central division to +1.2 percent in the New England division.  The 12-month changes were all positive, ranging from +3.3 percent in the Middle Atlantic division to +7.9 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 downloadable data and HPI release dates for 2016 and 2017 are available on the HPI page

For detailed information on the HPI, see HPI Frequently Asked Questions (FAQ).  The next HPI report will be released November 23, 2016 and will include monthly data through September 2016 and quarterly data for the third quarter of 2016.  

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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 more than $5.8 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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