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- Global Supply Chain Pressure Index (Mar, Apr)
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Economy in Brief
U.S. Industrial Production Much Stronger than Expected in April
The increase in manufacturing output in April was once again led by motor vehicle and parts production...
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
U.S. Empire State Manufacturing Index Declines in May
The Empire State Manufacturing Index of General Business Conditions dropped thirty-six points...
Surging Imports Send the EMU Trade Scene Deeper into Deficit
The trade balance for the Euro Area fell sharply to 17.5 billion euros in March...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & Fed Policy: A Relationship Which Should Worry The Fed And Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
"Core" GDP Suggests Economy Gained Momentum in Q1:2022
by Tom Moeller February 25, 2020
The Federal Housing Finance Agency (FHFA) Price Index increased 0.6% during December following a 0.3% November gain, revised from 0.2% and a 0.3% increase in October. Prices rose 5.3% during all of 2019, the weakest increase since 2015. During the last three months, prices rose at a 5.0% annual rate.
A 1.0% m/m increase in home prices was logged in the South Atlantic (5.8% y/y), East North Central (5.9% y/y) and Mountain (7.4% y/y) sections of the country. In the West North Central region, prices improved 0.8% (4.9% y/y. Rising a firm 0.7% were prices in the Middle Atlantic region (4.1% y/y) and in New England (4.3% y/y).
Lesser gains were logged elsewhere in the country, except the East North Central region where prices declined 0.3% (+4.7% y/y).
The FHFA house price index is a weighted purchase-only index that measures average price changes in repeat sales of the same property. An associated quarterly index includes refinancings on the same kinds of 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 are available in Haver's USECON database.
| FHFA U.S. House Price Index, Purchase Only (SA %) |
Dec | Nov | Oct | Dec Y/Y | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Total | 0.6 | 0.3 | 0.3 | 5.2 | 5.3 | 6.6 | 6.4 |
| New England | 0.7 | 0.3 | 0.2 | 4.3 | 4.5 | 5.3 | 5.6 |
| Middle Atlantic | 0.7 | 0.1 | 0.7 | 4.1 | 4.4 | 5.4 | 4.8 |
| East North Central | -0.3 | 1.0 | -0.3 | 4.7 | 5.4 | 6.5 | 5.9 |
| West North Central | 0.8 | 0.0 | -0.1 | 4.9 | 5.1 | 6.1 | 5.2 |
| South Atlantic | 1.0 | 0.3 | 0.3 | 5.8 | 5.8 | 7.2 | 6.6 |
| East South Central | 1.0 | -0.4 | 0.7 | 5.9 | 5.8 | 6.1 | 5.6 |
| West South Central | 0.6 | 0.1 | 0.4 | 4.5 | 4.7 | 5.3 | 6.2 |
| Mountain | 1.0 | -0.0 | 0.5 | 7.4 | 7.1 | 9.1 | 8.4 |
| Pacific | 0.4 | 0.3 | 0.8 | 4.8 | 4.6 | 7.5 | 8.5 |
