House price index in the US rose less then forecasts
U.S. house prices rose in April, up 0.2 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly (HPI). The previously reported 0.7 percent increase in March was revised upward to reflect a 0.8 percent increase. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From April 2015 to April 2016, house prices were up 5.9 percent.
Since October 2015, the national house price index level has surpassed the prior peak level from March 2007.
For the nine census divisions, seasonally adjusted monthly price changes from March 2016 to April 2016 ranged from -0.7 percent in the Middle Atlantic division to 1.4 percent in the New England division. The 12-month changes were all positive, ranging from 1.7 percent in the Middle Atlantic division to 8.6 percent in the Pacific division.