2017 Economic Calendar
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FHFA House Price Index  
Released On 2/23/2017 9:00:00 AM For Dec, 2016
PriorConsensusConsensus RangeActual
M/M change0.5 %0.4 %0.4 % to 0.5 %0.4 %
Y/Y change6.1 %6.2 %

Highlights
Monthly appreciation for the FHFA house price index came in at the 0.4 percent consensus for December with the year-on-year rate up 1 tenth to a solid 6.2 percent. The 6.2 percent rate is also same as the fourth-quarter to fourth-quarter comparison. A look at the quarter shows Oregon at the top at 11.0 percent followed by Colorado at 10.6 percent and Florida at 10.4 percent. By cities, Petersburg-Clearwater, Florida is at the top at 13.2 percent in the quarter with Wilmington, Delaware at the bottom at minus 1.8 percent. In a low wage growth, low interest rate economy, home price appreciation has been a steady and solid positive for household wealth.

Recent History Of This Indicator
Another solid gain is the call for the FHFA house price index where the consensus is calling for a 0.5 percent December gain, in what would be unchanged from November. Year-on-year, this index has been running just above the 6 percent line in one of the best price performances of any measure.

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. In contrast to other house price indexes, the sample is limited by the ceiling amount for conforming loans purchased by these government-sponsored enterprises (GSE). Mortgages insured by the FHA, VA, or other federal entities are excluded because they are not "conventional" loans. The FHFA House Price Index is a repeat transactions measure. It compares prices or appraised values for similar houses.  Why Investors Care
 
[Chart]
The FHFA House 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
 
 

2017 Release Schedule
Released On: 1/252/233/224/255/246/227/258/229/2610/2511/2812/21
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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