Home Prices Rose 0.5% in July, Says FHFA

Washington, DC, September 23, 2016—U.S. house prices rose in July, up 0.5% 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% increase in June was revised upward to reflect a 0.3% 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%.

For the nine census divisions, seasonally adjusted monthly price changes from June 2016 to July 2016 ranged from +0.2% in the Middle Atlantic division to +1.0% in the East South Central division.  The 12-month changes were also all positive, ranging from +2.6% in the Middle Atlantic division to +7.7% in the Pacific division.