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U.S. House Price Index

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U.S. House Price Index

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Status

 
Latest Release
Oct 29, 2024
Actual
427.0
Previous
425.8
OFHEO's House Price Index (HPI) is a measure designed to capture changes in the value of single-family homes in the U.S. as a whole, in various regions of the country. The HPI is published by OFHEO using data provided by Fannie Mae and Freddie Mac. House price index is a statistic designed to reflect the average change of house prices across the country or a certain area. It ensures that the relative importance of different property types in different regions remains fixed throughout the life of the index. Different adjustment must be used as no two houses are identical. Therefore characteristics such as physical attributes of a house or its location should be included in the calculation if the index. Rising house prices are likely to increase consumer confidence and consumer spending which lead to rising aggregate demand. This can have two effects. On one hand it causes higher economic growth. However, on the other hand, it might contribute to inflation. Increased consumer spending is usually aimed at imported goods thus higher house prices cause current account deficit.
Importance:
Country:
Currency: USD
Source: Federal Housing Finance Agency...
U.S. House Price Index
 
Release Date Time Actual Forecast Previous
Nov 26, 2024 (Sep) 15:00     427.0
Oct 29, 2024 (Aug) 14:00 427.0   425.8
Sep 24, 2024 (Jul) 14:00 425.2   424.7
Aug 27, 2024 (Jun) 14:00 424.5   424.8
Jul 30, 2024 (May) 14:00 424.6   424.7
Jun 25, 2024 (Apr) 14:00 424.3   423.3

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Analysis

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House Price Index Discussion

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