Home Prices Rose 0.2% in April, FHFA House Price Index

Washington, DC, June 22, 2016—U.S. house prices rose in April, 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). 

The previously reported 0.7% increase in March was revised upward to reflect a 0.8% 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 April 2015 to April 2016, house prices were up 5.9%.  Since October 2015, the national house price index level has surpassed the prior peak level from March 2007.

For the nine census divisions, seasonally adjusted monthly price changes from March 2016 to April 2016 ranged from -0.7% in the Middle Atlantic division to +1.4% in the New England division.  The 12-month changes were all positive, ranging from +1.7% in the Middle Atlantic division to +8.6% in the Pacific division.