Purchase Only House Price Index for the Pacific Census Division
PONHPI00109M226S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
465.49
Year-over-Year Change
0.71%
Date Range
1/1/1991 - 6/1/2025
Summary
The Purchase Only House Price Index for the Pacific Census Division tracks changes in home prices in the Pacific region of the United States. This metric is a key indicator of regional housing market conditions and cost of living.
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 measures the average change in sales prices of single-family homes in the Pacific Census Division, which includes California, Oregon, Washington, Hawaii, and Alaska. This index is an important benchmark for analyzing regional housing affordability and real estate trends.
Methodology
The data is collected and calculated by the Federal Housing Finance Agency using a repeat-sales methodology.
Historical Context
The Purchase Only House Price Index is used by policymakers, economists, and real estate analysts to assess housing market dynamics and cost of living pressures in the Pacific region.
Key Facts
- The Pacific region has experienced some of the fastest home price growth in the U.S. in recent years.
- California accounts for the largest share of the Pacific Census Division's housing market.
- The Purchase Only House Price Index does not include distressed property sales.
FAQs
Q: What does this economic trend measure?
A: The Purchase Only House Price Index for the Pacific Census Division tracks changes in home sales prices across the Pacific region, excluding distressed transactions.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into regional housing affordability and cost of living pressures, which are crucial considerations for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Federal Housing Finance Agency using a repeat-sales methodology.
Q: How is this trend used in economic policy?
A: The Purchase Only House Price Index is used by economists and policymakers to assess housing market conditions and cost of living in the Pacific region, informing decisions on housing, taxation, and economic development policies.
Q: Are there update delays or limitations?
A: The Purchase Only House Price Index data is published monthly with a typical 2-month delay, and does not include distressed property sales.
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Citation
U.S. Federal Reserve, Purchase Only House Price Index for the Pacific Census Division (PONHPI00109M226S), retrieved from FRED.