The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States jumped 1.7 percent from a month earlier in September 2020, following a 1.5 percent rise in August and easily beating market consensus of 1.1 percent growth. It was the largest monthly gain since comparable records began in 1991, signaling a further recovery in the housing market amid record low interest rates and higher demand from people moving away from big cities due to the coronavirus crisis. For the nine census divisions, seasonally adjusted monthly house price changes ranged from +1.0 percent in the West South Central division to +2.4 percent in the Middle Atlantic division. Year-on-year, house prices rose 9.1 percent. source: Federal Housing Finance Agency
Housing Index in the United States averaged 0.31 percent from 1991 until 2020, reaching an all time high of 1.70 percent in September of 2020 and a record low of -1.70 percent in November of 2008. This page provides the latest reported value for - United States House Price Index MoM Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States House Price Index MoM Change - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Housing Index in the United States is expected to be 0.60 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 0.40 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 2021, according to our econometric models.