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United States House Price Index Year-over-Year (YoY)

Price

6.7 %
Change +/-
-0.4 %
Percentage Change
-5.80 %

The current value of the House Price Index Year-over-Year (YoY) in United States is 6.7 %. The House Price Index Year-over-Year (YoY) in United States decreased to 6.7 % on 3/1/2024, after it was 7.1 % on 2/1/2024. From 1/1/1992 to 4/1/2024, the average GDP in United States was 4.63 %. The all-time high was reached on 7/1/2021 with 19.1 %, while the lowest value was recorded on 11/1/2008 with -10.5 %.

Source: Federal Housing Finance Agency

House Price Index Year-over-Year (YoY)

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Housing Price Index YoY

House Price Index Year-over-Year (YoY) History

DateValue
3/1/20246.7 %
2/1/20247.1 %
1/1/20246.5 %
12/1/20236.7 %
11/1/20236.7 %
10/1/20236.4 %
9/1/20236.2 %
8/1/20235.9 %
7/1/20234.7 %
6/1/20233.3 %
1
2
3
4
5
...
34

Similar Macro Indicators to House Price Index Year-over-Year (YoY)

NameCurrentPreviousFrequency
🇺🇸
15-Year Mortgage Rate
6.1 %6.02 %frequency_weekly
🇺🇸
30-Year Mortgage Rate
6.86 %6.87 %frequency_weekly
🇺🇸
Average House Prices
545,800 USD501,000 USDMonthly
🇺🇸
Average Mortgage Size
405,490 USD405,400 USDfrequency_weekly
🇺🇸
Building Permits
1.419 M 1.425 M Monthly
🇺🇸
Building Permits MoM
-0.4 %-3.1 %Monthly
🇺🇸
Case-Shiller Home Price Index
333.21 points329.95 pointsMonthly
🇺🇸
Case-Shiller Home Price Index MoM
1.4 %1.6 %Monthly
🇺🇸
Case-Shiller Home Price Index YoY
7.2 %7.5 %Monthly
🇺🇸
Construction Spending
-0.1 %0.3 %Monthly
🇺🇸
Existing Home Sales
3.96 M 3.83 M Monthly
🇺🇸
Existing Home Sales MoM
3.4 %-1.3 %Monthly
🇺🇸
Home Price Index MoM
0 %0.3 %Monthly
🇺🇸
Homeownership Rate
65.6 %65.6 %Quarter
🇺🇸
Housing Index
424.3 points423.3 pointsMonthly
🇺🇸
Housing starts
1.311 M units1.353 M unitsMonthly
🇺🇸
Housing Starts MoM
-3.1 %-1.9 %Monthly
🇺🇸
MBA Mortgage Market Index
212 points210.4 pointsfrequency_weekly
🇺🇸
MBA Mortgage Refinancing Index
552.4 points552.7 pointsfrequency_weekly
🇺🇸
MBA Purchase Index
152.9 points136 pointsfrequency_weekly
🇺🇸
Mortgage applications
0.8 %0.9 %frequency_weekly
🇺🇸
Mortgage Interest Rate
6.93 %6.94 %frequency_weekly
🇺🇸
Mortgage Originations
448.31 B USD374.11 B USDQuarter
🇺🇸
Multi-family Housing Starts
278,000 units310,000 unitsMonthly
🇺🇸
NAHB Housing Market Index
42 points43 pointsMonthly
🇺🇸
National House Price Index
323.352 points322.277 pointsMonthly
🇺🇸
New Home Sales
619,000 units698,000 unitsMonthly
🇺🇸
New Home Sales MoM
-11.3 %2 %Monthly
🇺🇸
Pending Home Sales
-6.6 %-7.4 %Monthly
🇺🇸
Pending Home Sales MoM
-2.1 %-7.7 %Monthly
🇺🇸
Price-Rent Ratio
134.247 134.659 Quarter
🇺🇸
Residential property prices
4.67 %5.27 %Quarter
🇺🇸
Single-family home prices
407,200 USD406,700 USDMonthly
🇺🇸
Single-Family Home Starts
982,000 units1.036 M unitsMonthly
🇺🇸
Total Housing stock
1.37 M 1.36 M Monthly

The FHFA (Federal Housing Finance Agency) House Price Index tracks the month-over-month changes in the average prices of single-family homes with mortgages backed by Fannie Mae and Freddie Mac, as documented by Eulerpool.

What is House Price Index Year-over-Year (YoY)?

The Macroeconomic Indicator 'House Price Index YoY' (Year-over-Year), displayed on Eulerpool, offers a comprehensive and detailed insight into the annual changes in residential property prices. Understanding this metric is pivotal for grasping the fluctuations, trends, and cycles inherent in the real estate market. As an economic barometer, the House Price Index YoY reflects the dynamic interplay of myriad factors influencing the housing sector, an integral component of the broader economy. The House Price Index (HPI) is a measure developed to track the changes in the price of residential properties over time. By comparing the current value with the corresponding value from the previous year, the Year-over-Year (YoY) analysis furnishes valuable perspectives on how house prices are evolving. This metric is particularly instrumental for policymakers, realtors, investors, and analysts in developing informed strategies, making investment decisions, or setting economic policies. The Index aggregates data from various sources, including sales data from property transactions, valuation reports, and mortgage data, offering an extensive overview of the market. On the Eulerpool platform, the House Price Index YoY is meticulously updated and presented with high precision, enabling users to dissect the real estate market's performance over a defined period. An ascending House Price Index YoY signifies an increase in the average prices of houses as compared to the same period last year. This upward movement could imply a robust demand for properties, possibly driven by factors such as increased consumer confidence, favorable economic conditions, lower unemployment rates, or expansive monetary policies leading to lower interest rates. For investors, an increasing HPI may present an opportune environment for capital gains through property investments. However, it is crucial to consider the sustainability of such price rises; speculative bubbles may form if prices escalate too rapidly without a solid underlying economic foundation. Conversely, a descending House Price Index YoY points to a reduction in average house prices compared to the previous year. This decline could be indicative of reduced demand, potentially arising from factors like higher interest rates, economic slowdowns, tighter credit conditions, or a surge in supply outstripping demand. For first-time homebuyers, a declining HPI YoY may present more affordable entry points into the housing market. However, for existing homeowners and investors, such declines might imply reduced equity and potential losses on investments. The House Price Index YoY holds paramount importance for central banks and economic policymaking bodies. Analyzing trends in the HPI enables these institutions to calibrate their monetary policies adeptly. For instance, persistently high house price inflation could prompt central banks to tighten monetary policies by raising benchmark interest rates to cool down the market and curb inflationary pressures. Similarly, a declining HPI YoY might compel policymakers to introduce stimuli or cut interest rates to rejuvenate the housing market and boost economic activity. The geographic granularity of the House Price Index YoY data is crucial for more precise assessments. National-level indices provide a macroscopic view of overall trends, but regional or city-specific indices offer deeper insights. Disparities often exist between different areas, driven by local economic conditions, demographic shifts, and region-specific factors like industry growth, migration patterns, or urban development projects. On Eulerpool, users can navigate through various levels of geographic data, tailoring the insights to specific regions of interest. The socioeconomic impact of changes in the House Price Index YoY cannot be understated. Housing affordability remains a pressing issue globally. Substantial increases in house prices relative to income growth rates can exacerbate affordability concerns, leading to gentrification and displacement of lower-income households. Conversely, significant declines in house prices might affect the wealth and financial stability of homeowners. Analyzing the House Price Index YoY allows stakeholders to comprehend these broader social impacts and devise suitable housing policies or interventions. From an investment perspective, the House Price Index YoY is indispensable for gauging market timing and the potential returns on real estate investments. Real estate investment trusts (REITs), individual property investors, and institutional investors closely monitor this metric to identify favorable conditions for buying or selling properties. Furthermore, the HPI YoY serves as a critical input in real estate valuation models, influencing the pricing of derivatives, mortgage-backed securities, and other structured financial products. For the construction and development sector, the House Price Index YoY data offers insights into future demand and pricing strategies. An ascending HPI may encourage increased construction activities in anticipation of continued demand and higher returns, while a declining index could prompt caution and delay new projects. Snapshots of the House Price Index YoY, such as those presented on Eulerpool, empower users with the knowledge required to anticipate market trends and make informed decisions. Whether one is a homeowner keen on understanding the value of their investments, a policymaker shaping housing policies, an investor strategizing for optimal asset allocation, or a researcher decoding market dynamics, the rich and precise data on the Eulerpool platform proves invaluable. In summary, the House Price Index YoY is a crucial economic indicator, reflecting annual changes in residential property prices. Its applications span from policy formulation and economic analysis to investment strategies and construction planning. By meticulously presenting this data, Eulerpool equips users with the analytical tools and insights necessary for navigating the complexities of the real estate market, fostering informed decision-making, and contributing to a deeper understanding of housing market dynamics.