FHFA house price index up 0.5% in Jan., 6% in a year
WASHINGTON (3/23/16)--U.S. house prices increased one-half of one percent in January, matching the revised jump for the previous month of December, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI).
For the nation's nine census divisions, seasonally adjusted monthly price changes from December 2015 to January 2016 ranged from negative 1.0% in the Middle Atlantic division to 1.7% in the South Atlantic division. The 12-month changes were all positive, ranging from 1.7% in the Middle Atlantic division to 8.9% in the South Atlantic division.
Year-to-year house prices rose 6%.
The index is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac.
The next HPI report will be released April 21 and will include monthly data through February.