FHFA: House Price Index Up 0.1 Percent in May; Up 5.0 Percent from Last Year

U.S. house prices rose in May, up 0.1 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.4 percent increase for April 2019 remained unchanged.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.  From May 2018 to May 2019, house prices were up 5.0 percent.   

For the nine census divisions, seasonally adjusted monthly house price changes from April 2019 to May 2019 ranged from -1.0 percent in the East South Central division to +0.5 percent in the South Atlantic division.  The 12-month changes were all positive, ranging from +3.6 percent in the West South Central division to +6.7 percent in the Mountain division.

Monthly index values and appreciation rate estimates for recent periods are provided in the tables and graphs on the following pages.  Downloadable data and HPI release dates for the remainder of 2019 are available on the HPI page

For detailed information on the FHFA HPI, see HPI Frequently Asked Questions (FAQ).  The next HPI report will be released August 27, 2019 and will include data for the second quarter of 2019 and monthly data through June 2019.  ​


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