- US: GDP & Corporate Profits (Q4, 3rd release)
- Canada: Industrial Products & Raw Material Prices (Feb)
- Spain: Flash HICP and CPI, Construction Business Survey Press (Mar)
- Euro area: EC Business and Consumer Surveys (Mar)
- Belize: GDP (Q4)
- Chile: IP (Feb); Brazil: Retail Trade - Rebased 2014=100 (Jan)
- Croatia: Employment, Retail Trade Press (Feb), Earnings (Jan); Bulgaria: PPI (Feb); Montenegro: Wages (Feb); Latvia: Retail Trade (Jan); Lithuania: External Debt Service (Q4);
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Economy in Brief
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25...
U.S. Pending Home Sales Jump
The NAR reported that pending home sales increased 5.5% in February to an index level of 112.3...
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
by Tom Moeller June 22, 2016
The U.S. House Price Index, from the Federal Housing Finance Agency (FHFA), improved 0.2% during April following a 0.8% March Increase, revised from 0.7%. It was the weakest monthly rise since August, but left the y/y increase at a steady 5.9%.
Prices were strongest versus last year in the Pacific region (8.6% y/y), amongst the Mountain states (7.8% y/y) and in the South Atlantic region (7.2% y/y).
Home prices rose moderately in the West South Central states (5.8% y/y), in the West North Central zone (5.5% y/y) and in the East North Central region (5.4% y/y).
Price improvement was weakest in New England (4.6% y/y), the East South Central states (3.8% y/y) and in the Middle Atlantic region (1.7% 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 %)||Apr||Mar||Feb||Apr Y/Y||2015||2014||2013|
|West South Central||0.0||1.0||0.8||5.8||6.6||5.8||6.2|
|West North Central||0.9||0.2||0.1||5.5||4.4||4.1||4.9|
|East North Central||0.1||0.8||0.4||5.4||4.6||4.7||5.4|
|East South Central||0.3||0.4||-0.2||3.8||4.9||3.6||4.2|