The Federal Housing Finance Agency released its seasonally adjusted monthly House Price Index showing U.S. house prices increased 0.1% in January and rose 1.6% from January 2025 to January 2026. The previously reported 0.1% price change in December was revised upward to 0.3%. Across census divisions, seasonally adjusted monthly price changes ranged from -0.7% in the West South Central division to +1.7% in the East South Central division, while 12-month changes ranged from -0.8% in West South Central to +4.4% in East North Central. FHFA noted that its flagship HPI is based on seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac, with additional indexes drawing on other sources. The next HPI report is scheduled for April 28, 2026 and will include monthly data through February. Starting May 26, 2026, FHFA will introduce a broadened Expanded-Data HPI that increases coverage from 50 metropolitan areas to over 400 areas.
Federal Housing Finance Agency 2026-03-31
Federal Housing Finance Agency reports January house prices up 0.1% and will expand Expanded-Data HPI coverage to over 400 metro areas
The Federal Housing Finance Agency reported its seasonally adjusted monthly House Price Index showed U.S. house prices rose 0.1% in January and 1.6% year-on-year, with December’s change revised from 0.1% to 0.3%. Regional monthly changes ranged from -0.7% in the West South Central division to +1.7% in the East South Central division, and 12‑month changes from -0.8% in West South Central to +4.4% in East North Central. The agency will introduce an Expanded-Data House Price Index that broadens coverage from 50 to over 400 metropolitan areas.