Source: Federal Housing Finance Agency
Latest Data: 2023
Release Timing: March
Frequency: Annual

The U.S. Federal Housing Finance Agency (FHFA) publishes a House Price Index (HPI), which they define as, “a broad measure of the movement of single-family house prices … The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancing on the same properties.” The FHFA publishes both ‘purchase-only’ and ‘all-transactions’ versions of the index.  The FHFA publishes the HPI quarterly, using data provided by Fannie Mae and Freddie Mac.

FHFA reports the purchase-only non-seasonally-adjusted quarterly prices indexed to the year 1991 (1991 Quarter 1 = 100). We calculate the annual averages for these non-seasonally-adjusted quarterly indexes for each year to find the FHFA Purchase-Only House Price Index.