| FHFA House Price Index |
|
Released On 1/25/2011 10:00:00 AM For Nov, 2010
|
|
Prior | Prior Revised | Actual |
| M/M change | 0.7 % | 0.2 % | 0.0 % | | Y/Y change | -3.4 % | -4.0 % | -4.3 % |
|
|
|
Highlights
House prices for homes sold under government agency financing were unchanged in November for the FHFA purchase only house price index, following a bound of 0.2 percent in October.
On a year-on-year basis, the FHFA HPI is down 4.3 percent, compared to down 4.0 percent in October. This index is based on resale prices for homes financed or bundled by federal housing agencies.
For the nine Census Divisions, seasonally adjusted monthly price changes for month-ago November ranged from minus 1.9 percent in the Mountain Division to up 1.3 percent in the West South Central Division. Four of the nine Census Divisions improved in October.
While better than a monthly negative expected by many, the November report shows that the housing market remains quite soft-especially with supply of homes for sale continuing to weigh on prices and with demand weakened by high unemployment.
Equities firmed just after the release but were lifted by a better-than-expected consumer confidence report.
|
Definition
The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac.
Why Investors Care
|
| |
![[Chart]](showimage.asp?imageid=20298)
|
The FHFA Home Price Index captures price data for an important segment of the housing market - home purchases with mortgages financed or bundled by federal housing agencies. However, this HPI does not cover high end housing.
Data Source: Haver Analytics
|
|
| |
|
|
|
|
|
| Legal Notices | ©Copyright 1998-2013 Econoday, Inc.
|
powered by
![[Econoday]](images/logo.gif)
|
