U.S. house prices rose in January, up 0.8 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase in December was revised upward to 0.4 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 January 2017 to January 2018, house prices were up 7.3 percent.
For the nine census divisions, seasonally adjusted monthly price changes from December 2017 to January 2018 ranged from -0.7 percentin the West South Central division to +1.2 percent in the New England and Pacific divisions. The 12-month changes were all positive, ranging from +5.1 percent in the West South Central division to +10.0 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 April 24, 2018 and will include monthly data through February 2018.