Recent Updates

  • Japan: ** Japan IP forecasts have rebased from 2010=100 to 2015=100. We are currently working on processing the new data.**
  • ** New Zealand Jobs Online has changed its reported frequency from monthly to quarterly and rebased from August 2010=100 to Q4 2010=100. **
  • Armenia: Commercial Bank Loans by Fields (Mar)
  • Finland: Business Confidence, Consumer Confidence (Apr)
  • Australia: PPI, Manufacturing Price, Construction Materials Prices (Mar); New Zealand: Trade by Country by Commodity,
  • more updates...

Economy in Brief

U.S. FHFA Home Price Increase Is Moderate But Steady
by Tom Moeller  June 23, 2015

The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.3% during April (5.4% y/y), the same as in March which was unrevised. The three-month gain in prices of 5.3% remained below the 8.4% rate of growth as of December.

Prices were strongest during April in the West North Central region with a 1.4% rise (5.0% y/y). The East South Central region followed with a 0.9% increase (5.7% y/y). Prices in the Pacific (7.6% y/y) and the New England (3.7% y/y) regions rose 0.7%.

A moderate 0.5% price increase was logged in the South Atlantic region (6.2% y/y) and prices in the West North Central states gained 0.2% (6.0% y/y). Prices were stable in the Mountain states (7.1% y/y).

Price declines were posted in the East North Central (+3.6% y/y) states and in the Middle Atlantic region (+2.3% y/y).

The FHFA house price index is a weighted repeat sales index. It measures average price changes in repeat sales. An associated quarterly index also includes refinancings on the same properties. The indexes are based on transactions involving conforming, conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. Only mortgage transactions on single family properties are included. The FHFA data is available in Haver's USECON database.

FHFA U.S. House Price Index Purchase Only (SA %) Apr Mar Feb Apr Y/Y 2014 2013 2012
Total 0.3 0.3 0.7 5.4 5.6 7.6 3.3
  Pacific 0.7 0.2 1.0 7.6 9.7 16.2 4.9
  Mountain 0.0 0.2 1.0 7.1 7.7 12.4 7.9
  South Atlantic 0.5 0.1 1.8 6.2 6.0 8.1 3.9
  West South Central 0.2 -0.0 -0.5 6.0 5.9 6.2 4.3
  East South Central 0.9 1.1 -0.9 5.7 3.7 4.4 2.3
  West North Central 1.4 0.2 0.6 5.0 4.2 4.9 3.2
  New England 0.7 -0.7 1.6 3.7 3.2 4.0 -0.2
  East North Central -0.8 0.8 0.9 3.6 4.8 5.4 2.1
  Middle Atlantic -0.3 0.9 -0.1 2.3 2.4 2.9 -0.1


New England: Maine, New Hampshire, Vermont, Massachusetts, Rhode Island and Connecticut.
Middle Atlantic: New York, New Jersey and Pennsylvania.
East North Central: Michigan, Wisconsin, Illinois, Indiana and Ohio.
West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas and Missouri.
South Atlantic: Delaware, Maryland, D.C., Virginia, West Virginia, North Carolina, South Carolina, GA & FL
East South Central: Kentucky, Tennessee, Mississippi and Alabama.
West South Central: Oklahoma, Arkansas, Texas and Louisiana.
Mountain: Montana, Idaho, Wyoming, Nevada, Utah, Colorado, Arizona and New Mexico.
Pacific: Hawaii, Alaska, Washington, Oregon and California.

close
large image