According to the latest Federal Housing Finance Agency (FHFA) House Price Index (HPI®), U.S. house prices increased 1.4% month-over-month in July. House prices increased 19.2% year-over-year from July 2020 to July 2021. The previously-reported 1.6% price change for June 2021 was revised upward to 1.7%. Compared to Q1 of 2021, house prices were up 4.9%.
In remarks prepared for the release of the July HPI, Dr. Lynn Fisher, FHFA’s Deputy Director of the Division of Research and Statistics said, “Record appreciation rates for the U.S. continued in July. Although the monthly pace of increase slowed in most Census Divisions in July, four areas experienced year-over-year growth rates in excess of 20 percent and all saw annual gains in excess of 15 percent.”
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.
FHFA House Price Index (HPI) Monthly Report: Data thru July 2021