Home Prices up 0.2% in May, 5.6% YOY
DC, July 22, 2016—U.S. house prices rose in May, up 0.2% on a seasonally
adjusted basis from the previous month, according to the Federal Housing
Finance Agency (FHFA) monthly House Price Index (HPI).
previously reported 0.2% increase in April was revised upward to reflect a 0.3%
FHFA monthly HPI is calculated using home sales price information from
mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From May 2015 to May 2016, house prices were
the nine census divisions, seasonally adjusted monthly price changes from April
2016 to May 2016 ranged from -1.3% in the New England division to +1.2% in the
Mountain division. The 12-month changes
were all positive, ranging from +3.4% in the Middle Atlantic division to +8.5% in
the Mountain division.