- China: Industrial Profits (Mar); Philippines: Tourist Arrivals (Feb); Korea: GDP (Q1)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts and Statistical Balance Sheet (Mar); Australia: Import and Export Price Indexes (Q1)
- Japan: Input Output Prices, International Trade, Lease Contracts (Mar), First 10 Days Trade (Apr)
- France: INSEE Household Survey (Apr), Registered Unemployed & Job
- more updates...
Economy in Brief
U.S. Gasoline Prices Are Little-Changed; Crude Oil Falls
Regular gasoline prices of $2.45 per gallon last week (13.3% y/y)...
Japan's METI Indexes Show Ongoing Gains
The services sector is assessed by the METI indexes where it is named the 'tertiary sector.' That sector index rose to 104.1 in February...
U.S. New Home Sales & Prices Strengthen
Sales of new single-family homes increased 5.8% (15.6% y/y) during March to 621,000...
U.S. Consumer Confidence Backpedals
The Conference Board Consumer Confidence Index fell 3.7% during April (+27.0% y/y) to 120.3...
U.S. FHFA House Price Index Regains Strength
The FHFA U.S. house prices increased 0.8% during February (6.5% y/y)...
French Manufacturing and Service Sectors Weaken But Stay on Trend or Hold Recent Gains
The French manufacturing sector trend index is down to 1 in April from 3 in March...
by Tom Moeller November 23, 2016
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices increased 0.6% during September following an unrevised 0.7% August gain. The y/y change remained fairly steady at 6.1%, but three-month growth in prices improved to 7.3%, its best since March.
Seasonally adjusted house prices rose in each region of the country, except New England.
Prices were strongest in Pacific region where a 1.3% rise lifted prices a steady 8.1% y/y. In the West South Central region prices followed with a 0.9% rise, leaving them up 6.6% y/y. A 0.7% increase in prices in the Mountain states pulled them 7.5% higher y/y, and a 0.5% price rise in the South Atlantic region left the y/y increase at 7.3%.
Lesser gains in prices were seen in the West North Central region where prices rose 0.4% (5.5% y/y). A 0.4% rise in the Middle Atlantic region left prices up 3.5%, while a 0.2% increase in the East North Central region pulled them 5.1% higher y/y. The house price index fell in New England by 0.2% (+3.0% 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 %)||Sep||Aug||Jul||Sep Y/Y||2015||2014||2013|
|West South Central||0.9||0.4||0.6||6.6||6.4||5.7||6.0|
|East South Central||0.1||0.8||1.1||5.7||4.8||3.6||4.0|
|West North Central||0.4||-0.0||1.1||5.5||4.4||4.1||4.8|
|East North Central||0.2||0.9||0.3||5.1||4.6||4.6||5.3|