The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States edged up 0.1 percent from a month earlier in March of 2020, following an upwardly revised 0.8 percent advance in February. Considering the first quarter of the year, house prices went up 1.7 percent. "Because of the lag between contract signing and sale closing when our data are recorded, we judge the first quarter’s housing statistics were relatively unaffected by the COVID-19 outbreak. However, we are unable to account for any modifications or cancellations of sales later in March", said Dr. Lynn Fisher, Deputy Director of the Division of Research and Statistics at FHFA.
Housing Index in the United States averaged 0.30 percent from 1991 until 2020, reaching an all time high of 1.20 percent in January of 2000 and a record low of -1.80 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 May of 2020. source: Federal Housing Finance Agency
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 0.20 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.