Econoday Economic Report: FHFA House Price Index March 22, 2011

2011 Economic Calendar

Resource Center » U.S. & Intl Recaps | Event Release Dates | Event Definitions | Today's Calendar

FHFA House Price Index

Released On 3/22/2011 10:00:00 AM For Jan, 2011

	Prior	Prior Revised	Actual
M/M change	-0.3 %	-1.0 %	-0.3 %
Y/Y change	-3.3 %	-4.1 %	-3.9 %

Highlights
Home prices continue under downward pressure from excess supply and distressed home sales. The FHFA purchase only house price index slipped 0.3 percent in January, following a revised decline of 1.0 percent in December (originally down 0.3 percent).

On a year-on-year basis, the FHFA HPI is down 3.9 percent, compared to down 4.1 percent in December.

For the nine Census Divisions, seasonally adjusted monthly price changes for month-ago January ranged from minus 1.3 percent in the Mountain Division and also the South Atlantic to up 1.6 percent in the West South Central Division. Six of the nine Census Divisions declined in January.

The next big reading on home prices is with the Case-Shiller home price index out on Tuesday, March 29.

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

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

2011 Release Schedule

Released On: 1/25 2/24 3/22 4/21 5/25 6/22 7/21 8/24 9/22 10/25 11/29 12/22

Release For: Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct