House Price Index
Returns the Federal Housing Finance Agency (FHFA) U.S. house price index, which tracks changes in single-family home prices nationwide.
Data Details
| Attribute | Value |
|---|---|
| Source | Federal Housing Finance Agency (FHFA) / FRED |
| Frequency | Quarterly |
| Base Period | Q1 1980 = 100 |
| Coverage | Single-family homes with conforming mortgages |
Notes
- Based on repeat-sales methodology (same properties sold multiple times)
- Only includes homes with conforming mortgages backed by Fannie Mae or Freddie Mac
- For broader metro-area coverage, see
HousePriceIndex20city()(Case-Shiller)
Examples
Current FHFA house price index
=HousePriceIndex()/100-1When to Use
- Tracking national home price trends
- Analyzing real estate market conditions
- Economic research on housing
- Comparing house prices over time
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need Case-Shiller 20-city index | HousePriceIndex20city() |
| Need housing construction data | HousingStarts() |
| Need mortgage rates | MortgageRate30y() |
| Need building permits | BuildingPermits() |
Common Issues & FAQ
Q: What is the base period? A: Q1 1980 = 100.
Q: How is this different from Case-Shiller? A: FHFA index only includes conforming mortgages; Case-Shiller is broader and focuses on major metro areas.
Q: How often is it updated? A: Quarterly.
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