Purchase Only House Price Index for the West North Central Census Division
PONHPI00107M226S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
416.47
Year-over-Year Change
4.33%
Date Range
1/1/1991 - 6/1/2025
Summary
The Purchase Only House Price Index for the West North Central Census Division measures changes in the sale prices of homes in this U.S. region. It is a key indicator of housing market trends and influences policymaking.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Purchase Only House Price Index tracks price changes for single-family homes sold across the West North Central region, which includes states like Iowa, Kansas, and Nebraska. This index is used by economists and policymakers to assess regional housing market conditions and affordability.
Methodology
The index is calculated based on repeat sales of the same properties over time.
Historical Context
This regional house price index helps inform monetary and fiscal policies aimed at promoting housing market stability.
Key Facts
- The West North Central region includes 7 states: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota.
- House prices in the West North Central region increased by 7.2% year-over-year as of the latest data.
- The Purchase Only House Price Index is published monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: The Purchase Only House Price Index for the West North Central Census Division measures changes in the sale prices of single-family homes across this 7-state U.S. region.
Q: Why is this trend relevant for users or analysts?
A: This regional house price index is a key indicator of housing market conditions and affordability, which influences consumer behavior, business investment, and policymaking.
Q: How is this data collected or calculated?
A: The index is calculated based on repeat sales of the same properties over time.
Q: How is this trend used in economic policy?
A: The Purchase Only House Price Index helps inform monetary and fiscal policies aimed at promoting housing market stability in the West North Central region.
Q: Are there update delays or limitations?
A: The index is published monthly by the Federal Reserve with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Purchase Only House Price Index for the West North Central Census Division (PONHPI00107M226S), retrieved from FRED.