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

FHFA House Price Index  
Released On 10/25/2017 9:00:00 AM For Aug, 2017
PriorPrior RevisedConsensusConsensus RangeActual
M/M change0.2 %0.4 %0.4 %0.1 % to 0.5 %0.7 %
Y/Y change6.3 %6.5 %6.6 %

Highlights
Home prices remain very firm, up a higher-than-expected 0.7 percent in August vs an upward revised 0.4 percent gain in July. The year-on-year rate is up 1 tenth and back near a 4-year high at 6.6 percent. The Pacific, at a yearly 9.3 percent gain, has moved out in front of the Mountain region at 8.3 percent. The Mid-Atlantic is in the rear as it often is, up however a still solid 5.0 percent.

FHFA prices have been holding over the 6 percent appreciation line all year with Case-Shiller data just below. Today's report will raise estimates for next week's Case-Shiller report.

Recent History Of This Indicator
Appreciation in home prices has been perhaps this year's best economic story, running at roughly a 6 percent annual rate and giving an important lift to household wealth. Yet appreciation has been slowing in recent months in line with weakness in home sales. The FHFA house price index managed only a 0.2 percent monthly gain in July with the rate expected to rise to 0.4 percent in August.

Definition
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
 
[Chart]
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]