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U.S. House Prices Flat in April


​Washington, D.C. The Federal Housing Finance Agency (FHFA) today reported that its monthly House Price Index (HPI) showed no change (0.0 percent) in U.S. house prices for April from the prior month.  The monthly change in the FHFA HPI for March remained at 0.7 percent as previously reported.

The FHFA HPI is calculated using home sales price information from mortgages either sold to or guaranteed by Fannie Mae and Freddie Mac.  From April 2013 to April 2014, house prices were up 5.9 percent.  The U.S. index is 6.9 percent below its April 2007 peak and is roughly the same as the July 2005 index level.

For the nine census divisions, seasonally adjusted monthly price changes from March 2014 to April 2014 ranged from -1.3 percent in the New England division to +0.6 percent in the East South Central division.  The 12-month changes were all positive ranging from +1.7 percent in the Middle Atlantic division to +10.7 percent in the Pacific division.

Monthly house price 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 July 22, 2014 and will include monthly HPI data for May 2014.  Future HPI release dates for 2014 are available on the HPI Release Dates page.

Link to Report



The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.6 trillion in funding for the U.S. mortgage markets and financial institutions.


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

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