Purchase Only House Price Index for the Pacific Census Division
Index 1991:Q1=100, Quarterly, Seasonally Adjusted
PONHPI10900Q226S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
466.38
Year-over-Year Change
5.61%
Date Range
1/1/1991 - 1/1/2025
Summary
The House Price Index (HPI) measures the average change in U.S. residential real estate prices over time. It is a key indicator of housing market conditions and a crucial data point for policymakers and real estate analysts.
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 HPI tracks the prices of single-family homes using data from Fannie Mae and Freddie Mac. It is a widely-referenced gauge of home values and housing affordability, providing insights into market trends and consumer behavior.
Methodology
The HPI is calculated based on repeat sales or refinancings of the same properties over time.
Historical Context
The HPI is used by the Federal Reserve and other agencies to monitor the health of the U.S. housing market and inform policy decisions.
Key Facts
- The HPI is published quarterly by the Federal Housing Finance Agency (FHFA).
- The index uses a base year of 1991, with the first quarter set to a value of 100.
- The HPI is a critical indicator of housing affordability and the overall health of the real estate sector.
FAQs
Q: What does this economic trend measure?
A: The House Price Index (HPI) measures the average change in U.S. residential real estate prices over time, providing a gauge of housing market conditions.
Q: Why is this trend relevant for users or analysts?
A: The HPI is a crucial data point for policymakers, real estate professionals, and consumers, as it offers insights into housing affordability, market trends, and consumer behavior.
Q: How is this data collected or calculated?
A: The HPI is calculated based on repeat sales or refinancings of the same properties over time.
Q: How is this trend used in economic policy?
A: The HPI is used by the Federal Reserve and other agencies to monitor the health of the U.S. housing market and inform policy decisions.
Q: Are there update delays or limitations?
A: The HPI is published quarterly by the FHFA, with a short lag between the end of the reference period and the release of the data.
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Citation
U.S. Federal Reserve, Index 1991:Q1=100, Quarterly, Seasonally Adjusted (PONHPI10900Q226S), retrieved from FRED.