US Single-Family Home Price Growth Holds Steady in Q1

On Thursday, Fannie Mae released its latest Home Price Index (FNM-HPI), showing single-family home prices increased 5.2% year-over-year in Q1, largely unchanged from the previous quarter’s 5.3% growth.

On a quarterly basis, home prices rose 1.4% on a seasonally adjusted and non-seasonally adjusted basis.

The FNM-HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family properties in the US, excluding condos. The index is produced by aggregating county-level data to create both seasonally adjusted and non-seasonally adjusted national indices that are representative of the whole country and designed to serve as indicators of general single-family home price trends.