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New Data: U.K. subnational - HPI for Northern Ireland - SA
Tuesday, 18 Apr 2017 12:28 ET
By Daniel Luckenbach
Summary
March 2017 -- Moody's Analytics now computes seasonally adjusted counterparts for the house price index and average house price for Northern Ireland (two new quarterly series from 2005).
Detail

Motivation: Our source, the Land Registry, reports index and average price for Northern Ireland, but only in not seasonally adjusted (NSA) terms.

Response: For analytical consistency, we have created seasonally adjusted (SA) counterparts.

Properties: The start date (2005Q1) and units are identical for the two versions. Expect our SA series to be revised with each update. Supplemental series of this kind are marked in their source metadata with a secondary citation of "Moody's Analytics Adjusted."

The series reside in the historical catalog (United Kingdom » Real Estate » Residential » Prices » Land Registry House Price Index) and are:

  • HPITRAQ.IGBR_NOIR = House Price Index: New and existing - Residential, (Index 2015Q1=100, SA)
  • HPLTRAQ.IGBR_NOIR = House Price: New and existing - Residential - Average price, (GBP, SA)

Method: Adjust reported index and average price using the U.S. Census Bureau's X-13 ARIMA program.

Other
Related ReleaseUK House Price Index
SourceLand Registry - U.K.
FrequencyMonthly
GeographyUnited Kingdom
Upcoming
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