2018 Economic Calendar
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FHFA House Price Index  
Released On 6/21/2018 9:00:00 AM For Apr, 2018
PriorConsensusConsensus Range
M/M change0.1 %0.4 %0.3 % to 0.8 %
Y/Y change6.7 %

Consensus Outlook
The FHFA house price index has been elevated but did come down in March, posting its slowest showing in more than three years with a monthly gain of only 0.1 percent. A 0.4 percent rise is the expectation for April though this rate too would be subpar for this index. Yet cooling may be a plus given the strength of prior gains, indicated by March's 6.7 annual rate of appreciation.

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
 
 

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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