- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller February 25, 2016
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.4% during December following a 0.6% November gain, revised from 0.5%. For all of 2015, prices increased a steady 5.7%. During the last three months, prices rose at a 6.1% rate.
Prices were strongest during the last twelve months in the Pacific region where they rose 7.7%, 8.9% in the last three months. The rise was followed by a 7.1% increase in the Mountain states, but the rate cooled in the last three monts. Prices rose 6.9% in the East South Central region, but they jumped 11.6% recently. There was steady 6.6% y/y growth in the South Atlantic area.
Home prices rose between 4.0% and 6.0% from the West South central states to New England, but they gained only a steady 2.6% in the Middle Atlantic states.
The FHFA house price index is a weighted repeat sales index. It measures average price changes in repeat sales of the same property. An associated quarterly index also includes refinancings on the same kinds of properties. The indexes are based on transactions involving conforming, conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. Only mortgage transactions on single-family properties are included. The FHFA data are available in Haver's USECON database.
|FHFA U.S. House Price Index, Purchase Only (SA %)||Dec||Nov||Oct||Dec Y/Y||2015||2014||2013|
|East South Central||1.9||0.4||0.5||6.9||4.9||3.6||4.2|
|West South Central||0.2||0.1||0.6||5.8||6.5||5.8||6.2|
|West North Central||0.3||0.5||0.5||5.0||4.4||4.1||4.9|
|East North Central||0.6||0.3||0.5||4.3||4.6||4.7||5.4|