FHFA: House Price Index Up 0.4 Percent in November 2017

U.S. house prices rose in November, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.5 percent increase in October was revised upward to 0.6 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 November 2016 to November 2017, house prices were up 6.5 percent.

For the nine census divisions, seasonally adjusted monthly price changes from October 2017 to November 2017 ranged from -1.1 percent in the East South Central division to +0.9 percent in the West North Central division.  The 12-month changes were all positive, ranging from +4.2 percent in the Middle Atlantic division to +8.9 percent in the Mountain division.

Monthly index values and appreciation rate estimates for recent periods are provided in the table 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 February 27, 2018 and will include data for the fourth quarter of 2017 and monthly data through December 2017.

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