WASHINGTON (9/5/13)--The Federal Housing Finance Agency (FHFA) Wednesday released its 2014 schedule for monthly House Price Index (HPI) announcements.
The HPI is meant to be a broad measure of the movement of single-family house prices that credit unions and all interested parties may use as an indicator of house price trends at various geographic levels. Because of the breadth of the sample, it provides more information than is available in other house price indexes. Housing economists can use it for estimating changes in the rates of mortgage defaults, prepayments and housing affordability in specific geographic areas.
The HPI includes house price figures for the nine Census Bureau divisions, for the 50 states and the District of Columbia, and for Metropolitan Statistical Areas and Divisions. The FHFA says the HPI is based on data from more than 49 million transactions over the past 38 years.
The indices will be released at 9 a.m. (ET) on the following dates next year: