Thursday, September 22, 2016

FHFA: House Price Index Up 0.5 Percent in July

by Bill McBride on 9/22/2016 03:56:00 PM

Earlier from the FHFA: FHFA House Price Index Up 0.5 Percent in July 2016

U.S. house prices rose in July, up 0.5 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.2 percent increase in June was revised upward to reflect a 0.3 percent increase.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From July 2015 to July 2016, house prices were up 5.8 percent.
emphasis added
Most of the other indexes are also showing mid-single digit year-over-year gains.