2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

FHFA House Price Index  
Released On 1/25/2017 9:00:00 AM For Nov, 2016
PriorPrior RevisedConsensusConsensus RangeActual
M/M change0.4 %0.3 %0.5 %0.3 % to 0.6 %0.5 %
Y/Y change6.2 %6.1 %

Home price growth was firm in November, at plus 0.5 percent for the FHFA house price index, though October's growth has been revised 1 tenth lower to 0.3 percent. Year-on-year price growth remains above the 6 percent line at 6.1 percent. The strongest region continues to be the Pacific, at a year-on-year 7.7 percent, with the Mid-Atlantic in the rear but at a still respectable plus 4.7 percent. Growth in the rival Case-Shiller report, in contrast to this report, has been at the 5 percent line.

Consensus Outlook
Annual growth for the FHFA house price index has been running near 6 percent, in contrast to Case-Shiller data where growth is near 5 percent. FHFA monthly growth slowed in November to 0.4 percent but followed strong gains of 0.6 and 0.7 percent in the prior two months. Forecasters see November picking up some steam, at a consensus monthly gain of 0.5 percent.

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. In contrast to other house price indexes, the sample is limited by the ceiling amount for conforming loans purchased by these government-sponsored enterprises (GSE). Mortgages insured by the FHA, VA, or other federal entities are excluded because they are not "conventional" loans. The FHFA House Price Index is a repeat transactions measure. It compares prices or appraised values for similar houses.  Why Investors Care
The FHFA House Price Index captures price data for an important segment of the housing market - home purchases with mortgages financed or bundled by federal housing agencies. However, this HPI does not cover high end housing.
Data Source: Haver Analytics

2017 Release Schedule
Released On: 1/252/233/224/255/246/227/258/229/2110/2511/2812/21
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

powered by  [Econoday]