2018 Economic Calendar
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FHFA House Price Index  
Released On 5/24/2018 9:00:00 AM For Mar, 2018
PriorPrior RevisedConsensusConsensus RangeActual
M/M change0.6 %0.8 %0.6 %0.6 % to 0.7 %0.1 %
Y/Y change7.2 %7.4 %6.7 %

Home prices slowed in March based on the FHFA house price index which rose only 0.1 percent for the lowest result in more than three years. And after two months above 7 percent, the year-on-year rate fell 7 tenths to 7.4 percent. An offset to March's weakness is unusual strength in February which is revised 2 tenths higher to an 0.8 percent monthly gain and revised 2 tenths higher for the yearly rate to 7.4 percent.

The mountain region at 9.4 percent and the pacific region at 8.7 percent lead the data with New England, at 4.7 percent, bringing up the rear. Despite the slowing in today's report, home prices continue to show strong appreciation. Watch next week for Case-Shiller data.

Consensus Outlook
The FHFA house price index is expected to rise 0.6 percent in March, extending its run of strength this year. The year-on-year rate, at 7.2 percent in February, was just off January's 4-year high at 7.4 percent.

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

2018 Release Schedule
Released On: 1/242/273/224/245/246/217/248/239/2510/2411/2712/27
Release For: NovDecJanFebMarAprMayJunJulAugSepOct

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