Federal Housing Finance Agency Reports U.S. Home Prices in June Increase 1.6% Month-Over-Month and 17.4% Year-Over-Year

According to the latest Federal Housing Finance Agency (FHFA) House Price Index (HPI®), U.S. house prices increased 1.6% month-over-month in June. House prices increased 17.4% from June 2020 to June 2021. Compared to Q1 of 2021, house prices were up 4.9%.

In a statement prepared for the release of the June HPI, Dr. Lynn Fisher, FHFA’s Deputy Director of the Division of Research and Statistics said, “During the second quarter, house prices peaked in June with an 18.8 percent growth rate compared to a year ago. For the quarter, annual gains surpassed 20 percent in the Mountain, New England, and Pacific census divisions and in all of the top 20 metro areas.”

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
U.S. House Prices Rise 17.4 Percent over the Last Year; Up 4.9 Percent from the First Quarter