- 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 April 21, 2016
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) during February increased 0.4% (5.6% y/y) for a second consecutive month.
Prices were strongest y/y in the Pacific region (8.4% y/y) and amongst the Mountain states (6.8% y/y).
Moderate annual rates of increase occurred in the South Atlantic (5.8% y/y), and in the West North Central states (5.6% y/y). Home prices also firmed by 5.4% y/y in the West South Central region, and by 4.7% y/y in the East North Central zone.
Home price gains were weaker in the East South Central region (4.7% y/y), and amongst the Middle Atlantic states (3.9% y/y). In the New England region, prices grew the least (2.5% y/y).
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 %)||Feb||Jan||Dec||Feb Y/Y||2015||2014||2013|
|West North Central||0.2||0.6||0.4||5.6||4.4||4.1||4.9|
|West South Central||0.7||-0.2||0.5||5.4||6.5||5.8||6.2|
|East North Central||0.4||0.7||0.7||4.7||4.6||4.7||5.4|
|East South Central||-0.1||-0.1||1.6||4.7||4.9||3.6||4.2|