The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States increased 1.1 percent from a month earlier in November 2021, the same pace as in October. The last four months reflected average gains of 1 percent, down from the larger prior changes during the spring and summer months, and suggesting home price growth will likely slow further in 2022 amid higher interest rates. For the nine census divisions, monthly house price changes ranged from +0.5 percent in the West North Central division to +1.9 percent in the South Atlantic division. Year-on-year, house prices rose 17.5 percent in November, little-changed from a 17.4 percent increase in the previous month. "This new trend is a welcome shift but still twice the monthly average we have seen in the last 20 years, which echoes concerns about access and affordability in housing markets.”, said Will Doerner, Supervisory Economist in FHFA’s Division of Research and Statistics. source: Federal Housing Finance Agency
House Price Index MoM in the United States averaged 0.35 percent from 1991 until 2021, reaching an all time high of 1.90 percent in April of 2021 and a record low of -1.80 percent in November of 2008. This page includes a chart with historical data for the United States FHFA House Price Index MoM. United States House Price Index MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.