The Federal Housing Finance Agency (FHFA) House Price Index (HPI) is set to release Wednesday, which covers single-family housing data from Fannie Mae and Freddie Mac. The index is derived from transactions involving conforming conventional mortgages purchased or securitized by the GSEs. The sample is limited by the ceiling amount for conforming loans purchased, however mortgages insured by the Federal Housing Administration (FHA), VA, or other federal entities are excluded for not being considered “conventional” loans.
Based on July 2017 data released on September 21st, U.S. house prices rose 0.2 percent compared to June 2017. This is up 6.3 percent compared to July 2016. Based on data from nine census divisions, seasonally adjusted monthly price changes from June 2017 to July 2017 ranged from -0.5 percent in the West North Central and Pacific divisions, to +0.6 percent in the East North Central division. Changes over 12 months were all positive, ranging from +4.2 percent in the West North Central division to +8.2 percent in the mountain and Pacific divisions. The FHFA House Price Index is scheduled to release at 9 a.m. EST.
Also to be released this week:
- The New Home Sales and Construction Price Index is scheduled to releases on Wednesday at 10 a.m EST.
- The Fed’s Balance Sheet is scheduled to release Thursday at 4:30 p.m. EST
- The Bloomberg Consumer Comfort Index is scheduled to release Thursday at 9:45 a.m. EST