U.S. house prices rose in May, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.1 percent increase in April was revised upward to 0.2 percent.
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 2017 to May 2018, house prices were up 6.4 percent.
For the nine census divisions, seasonally adjusted monthly price changes from April 2018 to May 2018 ranged from -0.6 percent in the East North Central division to +1.5 percent in the East South Central division. The 12-month changes were all positive, ranging from +4.9 percent in the West South Central division to +9.1 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. Complete historical downloadable data and HPI release dates for 2018 are available on the HPI page.
For detailed information on the HPI, see HPI Frequently Asked Questions (FAQ). The next HPI report will be released August 23, 2018 and will include data for the second quarter of 2018 and monthly data through June 2018.