The Federal Housing Finance Agency has published its latest House Price Index showing U.S. house prices rose 1.7 percent between the first quarter of 2025 and the first quarter of 2026. Prices increased 0.5 percent from the fourth quarter of 2025, and the seasonally adjusted monthly index for March rose 0.1 percent from February. Starting with this release, FHFA has also expanded the coverage of its Expanded-Data HPI from 50 metropolitan areas to more than 400. Price gains were recorded in 42 states and in 65 of the 100 largest metropolitan areas over the year. Illinois posted the strongest annual state-level increase at 7.3 percent, while Colorado saw the largest decline at 2.4 percent. Among metropolitan areas, Elgin, Illinois recorded the largest annual increase at 10.8 percent, while Austin-Round Rock-San Marcos, Texas posted the largest decline at 6.9 percent. Seven of the nine census divisions rose year on year, led by East North Central at 4.4 percent, while West South Central fell 0.7 percent. FHFA will release its next monthly HPI report, covering data through April 2026, on June 30, 2026, and its next quarterly report, covering the second quarter of 2026 and June 2026 monthly data, on August 25, 2026.
Federal Housing Finance Agency2026-05-26
Federal Housing Finance Agency reports U.S. house prices rose 1.7 percent in first quarter of 2026 and broadens Expanded-Data HPI to over 400 metro areas
The Federal Housing Finance Agency reported U.S. house prices rose 1.7 percent between the first quarter of 2025 and the first quarter of 2026, with a 0.5 percent quarterly increase and a 0.1 percent monthly gain in March. Price gains occurred in 42 states and 65 of the 100 largest metropolitan areas, with Illinois and the Elgin, Illinois metro area recording the strongest annual increases and Colorado and Austin-Round Rock-San Marcos, Texas posting the largest declines. FHFA also expanded its Expanded-Data House Price Index coverage from 50 to more than 400 metropolitan areas.