Investing.com | 12 hours ago
OFHEO's House Price Index (HPI) is a measure designed to capture changes in the value of single-family homes in the U.S. as a whole, in various regions of the country. The HPI is published by OFHEO using data provided by Fannie Mae and Freddie Mac. House price index is a statistic designed to reflect the average change of house prices across the country or a certain area. It ensures that the relative importance of different property types in different regions remains fixed throughout the life of the index. Different adjustment must be used as no two houses are identical. Therefore characteristics such as physical attributes of a house or its location should be included in the calculation if the index. Rising house prices are likely to increase consumer confidence and consumer spending which lead to rising aggregate demand. This can have two effects. On one hand it causes higher economic growth. However, on the other hand, it might contribute to inflation. Increased consumer spending is usually aimed at imported goods thus higher house prices cause current account deficit.
|Nov 24, 2020||297.7|
|Oct 27, 2020 (Aug)||297.7||293.3|
|Sep 23, 2020 (Jul)||293.0||290.0|
|Aug 25, 2020 (Jun)||289.9||287.2|
|Jul 22, 2020 (May)||287.3||288.0|
|Jun 24, 2020 (Apr)||288.3||287.7|
Investing.com | 12 hours ago
Investing.com | Oct 23, 2019
Investing.com | Jun 23, 2019
Hantec Markets | 15 hours ago
Markit Group Limited | Sep 18, 2020
Hantec Markets | Aug 25, 2020
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