United States: House Price Index - FHFA (SA)

Macro

2026-07-28

Description

The U.S. FHFA House Price Index is published by the Federal Housing Finance Agency (FHFA) and is a key indicator for measuring changes in U.S. single-family home prices. This index is based on repeat sales data of mortgages guaranteed by Fannie Mae and Freddie Mac and is calculated using a geometric weighted method.

An increase in the house price index typically indicates stronger demand in the real estate market, leading to rising home prices. Conversely, a decline in the index may reflect weakening demand in the real estate market, resulting in falling home prices.

This data is released monthly, reflecting changes in home prices from the previous month.

Published by
Federal Housing Finance Agency (Choice)
Frequency
Monthly
Next Update

AI Data Insight

According to the latest data, the US FHFA House Price Index reached 442.4 in Q2 2026, continuing to rise from the previous value of 441.4. Although high mortgage rates have suppressed some buying demand, the market faces severe structural shortages and the homeowner "lock-in effect," keeping nominal house prices persistently high. Going forward, under constrained supply, the housing market is expected to maintain a two-tier pattern characterized by shrinking volume and stable prices.

AI Data Insight

According to the latest data, the US FHFA House Price Index reached 442.4 in Q2 2026, continuing to rise from the previous value of 441.4. Although high mortgage rates have suppressed some buying demand, the market faces severe structural shortages and the homeowner "lock-in effect," keeping nominal house prices persistently high. Going forward, under constrained supply, the housing market is expected to maintain a two-tier pattern characterized by shrinking volume and stable prices.

Description

The U.S. FHFA House Price Index is published by the Federal Housing Finance Agency (FHFA) and is a key indicator for measuring changes in U.S. single-family home prices. This index is based on repeat sales data of mortgages guaranteed by Fannie Mae and Freddie Mac and is calculated using a geometric weighted method.

An increase in the house price index typically indicates stronger demand in the real estate market, leading to rising home prices. Conversely, a decline in the index may reflect weakening demand in the real estate market, resulting in falling home prices.

This data is released monthly, reflecting changes in home prices from the previous month.

Published by
Federal Housing Finance Agency (Choice)
Frequency
Monthly
Next Update