2017 Economic Calendar
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FHFA House Price Index  
Released On 12/21/2017 9:00:00 AM For Oct, 2017
PriorPrior RevisedConsensusConsensus RangeActual
M/M change0.3 %0.5 %0.4 %0.4 % to 0.5 %0.5 %
Y/Y change6.3 %6.5 %6.6 %

Home prices are one of 2017's best stories, reflected in the latest FHFA data where the house price index rose 0.5 percent in October with September revised 2 tenths higher and now also at a 0.5 percent gain. Year-on-year, rose prices were up 6.6 percent in October and 6.5 percent in September which is strong appreciation in a low interest rate, low inflation economy. The West leads the nation with the Pacific states up 8.7 percent year-on-year followed by the Mountain states at 8.2 percent. The South Central at 5.5 percent and New England at 5.7 percent lag but at still solid rates.

Consensus Outlook
Home prices have been one of the strongest areas of the 2017 economy though FHFA's house price index did slow in the last report to only 0.3 percent monthly growth for a year-on-year rate of 6.3 percent which is the lowest since January. A little bounce is expected for November where the consensus is calling for a 0.4 percent gain.

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
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: 1/252/233/224/255/246/227/258/229/2110/2511/2812/21
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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