The Federal Housing Finance Agency (FHFA) published its house price index (HPI) report for May 2021, showing house prices rose nationwide by 1.7 percent month-over-month, and 18 percent year-over-year. The previously reported price change for April 2021, 1.8 percent, remained unrevised.
“House prices continued their record-setting growth into May,” Lynn Fisher, FHFA deputy director of the division of research and statistics, said in a release. “This trend will likely continue around the country as busy summer homebuying months maintain the pressure being felt in already tight housing markets.”
Seasonally adjusted monthly house price changes for the nine census divisions ranged from a 1 percent increase in the Middle Atlantic division to an increase of 2.4 percent in the Pacific division. Changes over 12 months ranged from 15.4 percent in the West South Central division to 23.2 percent in the Mountain division.
The next HPI report will be released at the end of August 2021 and will contain date for the second quarter of 2021 and monthly data through June 2021.