The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States increased 0.6 percent month-over-month in January of 2019, higher than a 0.3 percent rise in the previous month and above market expectations of a 0.3 percent gain. It is the biggest monthly increase in house prices in eleven months. House prices ranged from -0.7 percent in the New England division to +1.1 percent in the East North Central division. Year-on-year, house prices went up 5.6 percent. The 12-month changes were all positive, ranging from +4.3 percent in the Pacific division to +7.8 percent in the Mountain division. 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 0.30 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 0.30 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.