Connect With PPD
Follow Us:
Economy

FHFA HPI: House Prices Rise at Faster Pace in April, Year-Over-Year Gains 5.2%

Real Estate Market Going Up Concept Illustration. (Photo: AdobeStock)

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) finds U.S. house prices rose a seasonally adjusted 0.4% in April from the previous month. The previously reported 0.1% increase for March 2019 remained unchanged, and house prices were up 5.2% year-over-year.

IndicatorPriorConsensus ForecastForecast RangeResult
HPI M/M ∆0.1%0.2%0.0% to 0.4%0.4%
HPI Y/Y ∆5.0%5.2%

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.

For the nine census divisions, seasonally adjusted monthly house price changes from March 2019 to April 2019 ranged from -0.6% in the West North Central division to +1.2% in the Mountain division.  The 12-month changes were all positive, ranging from +4.0% in the Middle Atlantic division to +7.8% in the Mountain division.

Worth noting, the S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) covering all nine U.S. census divisions, continued to show slower gains in home prices in April. The two HPIs have typically mirrored each other.

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

4 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

4 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

4 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.