U.S. House Price Index Jumps More Than 15 Percent YOY

Jun 29, 2021

Director of Events

The Federal Housing Finance Agency reported a 1.8% increase in the U.S. house price in April 2021 and a year-over-year increase of 15.7%.

KEY TAKEAWAYS

In the Mountain region the index jumped more than 20% month-over-month.
New England saw an 18% increase month-over-month.
The Pacific saw a 17.6% increase month-over-month.

The Federal Housing Finance Agency reported a 1.8% increase in the U.S. house prices in April 2021 and a year-over-year increase of 15.7%. The agency also revised its previously reported March 2021 increase from 1.4% to 1.6%.

“House prices recorded another monthly and annual record in April,” said Dr. Lynn Fisher, FHFA’s deputy director of the Division of Research and Statistics. “This unprecedented price growth persists due to strong demand, bolstered by still-low mortgage rates, and too few homes for sale.”

For the nine census divisions, seasonally adjusted monthly house price changes from March 2021 to April 2021 ranged from +1.2 percent in the West North Central division to +2.6 percent in the Mountain and Middle Atlantic divisions, according to the report. The 12-month changes ranged from +13.0 percent in the West North Central to +20.6 percent in the Mountain division.

Read the FHFA's full House Price Index report for April 2021.

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

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Jun 29, 2021

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