The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States rose 0.3 percent from a month earlier in February 2019, easing from a 0.6 percent increase in January and matching market expectations. The biggest monthly gain was recorded in the East South Central division (1.4 percent vs 0.1 percent in January), followed by the New England division (1.1 percent vs -0.6 percent) and the East North Central division (0.6 percent vs 1.1 percent). By contrast, price declines were seen in the Middle Atlantic division (-1.2 percent vs 0.8 percent) and the Mountain division (-0.5 percent vs 1 percent). Year-on-year, house prices were up 4.9 percent, slower than 5.6 percent in the previous month. Housing Index in the United States averaged 0.30 percent from 1991 until 2019, reaching an all time high of 1.20 percent in January of 2000 and a record low of -1.70 percent in November of 2008.
Housing Index in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in the United States to stand at 0.10 in 12 months time. In the long-term, the United States House Price Index MoM Change is projected to trend around 0.30 percent in 2020, according to our econometric models.