Mnemonic | HPI.IISR | |
---|---|---|
Unit | Index 1993=100, NSA | |
Adjustments | Not Seasonally Adjusted | |
Monthly | 1.2 % | |
Data | Dec 2023 | 565.3 |
Nov 2023 | 558.6 |
Source | Central Bureau of Statistics - Israel |
Release | Housing Price Index |
Frequency | Monthly |
Start Date | 1/31/1994 |
End Date | 12/31/2023 |
Reference | Last | Previous | Units | Frequency | |
---|---|---|---|---|---|
Building Completions | 2023 Q4 | 15,503 | 13,459 | #, SA | Quarterly |
House Price Index | Dec 2023 | 565.3 | 558.6 | Index 1993=100, NSA | Monthly |
House Price Value for Existing Homes | 2017 Q4 | 1,442 | 1,495 | Ths. ILS, NSA | Quarterly |
For Israel, the monthly "Index of Prices of Dwellings" (house price index, HPI) includes most transactions, and accounts for regular vs. government-supported purchases.
The source writes, in part:
The Index of Prices of Dwellings includes all transactions, except self-built dwellings, transactions performed through purchasing groups, transactions from public companies, and dwellings with no market value.
The Index of Prices of Dwellings is calculated based on data from the Catalog of Real Estate Prices. Data about purchases of dwellings are collected regularly in the Capital Gains Tax Bureaus throughout the country via the Catalog of Real Estate Prices system. The country-wide file is produced by the Computerized Processing Service (the Ministry of the Treasury's computer unit, which supplies computerization services to the Israel Tax Authority, the State Revenue Administration, and outside clients, including government bodies such as the CBS as well as private entities such as accountants and tax consultants). This file includes information about transactions involving new dwellings and dwellings whose ownership changed.
[As of February 2017,] different weightings [are applied to] regular transactions and government-supported program transactions: "buyer’s price" (mehir lamishtaken) and "target price" (mehir matara) transactions.
For the general index, we produce a seasonally adjusted counterpart using the U.S. Census Bureau's X-13 ARIMA program.
Historical data: Yes.
Moody's Analytics seasonally adjusted supplements: Yes, once a year. Our customary process is to update seasonal factors with each new year of data, and to revise the SA series for the past five years.
At the source: