United States: FHFA Purchase-Only House Price Index
|Updated:||2/25/2014 9:07 AM|
|Analyst:||Andres Carbacho-Burgos in West Chester|
The FHFA U.S. purchase-only index increased 0.8% in December and is still climbing at a strong pace; the quarterly index recorded similar gains and is now on its 10th quarter of consecutive increases. Regionally, all nine census divisions had year-over-year gains and only two had monthly declines in December. All told, the U.S. housing market continues to regain lost ground, though part of the reason it is doing so is the lagging pace of residential construction.
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