The Federal Housing Finance Agency published its seasonally adjusted monthly House Price Index, showing U.S. house prices rose 0.3% in November and were up 4.2% from November 2023 to November 2024. FHFA also revised October’s previously reported 0.4% monthly increase up to 0.5%. FHFA highlighted that price growth is slowing nationally and across regions, with the 12-month growth rate in November 2.7 percentage points lower than it was as of November 2023 and the fourth consecutive month in which year-over-year growth was lower than a year earlier. Across the nine U.S. Census divisions, monthly changes ranged from -0.6% (East South Central) to 0.9% (West North Central and New England), while 12-month changes were positive in every region, ranging from 1.8% (West South Central) to 7.7% (New England). The next FHFA HPI report is scheduled for February 25, 2025, covering monthly data through December and quarterly data through the fourth quarter of 2024.
2025-01-28Federal Housing Finance Agency
Federal Housing Finance Agency reports US house prices rose 0.3% in November and 4.2% year on year as annual gains continued to moderate
The Federal Housing Finance Agency reported a 0.3% rise in U.S. house prices for November, with a 4.2% increase from November 2023 to November 2024. October's monthly increase was revised from 0.4% to 0.5%. Price growth is slowing, with the 12-month growth rate 2.7 percentage points lower than the previous year, and regional monthly changes ranging from -0.6% to 0.9%.