FHFA House Price Index® Down 0.1 Percent in April; Up 2.0 Percent from Last Year

Washington, D.C. - U.S. house prices fell nationwide in April, down 0.1 percent from the previous month, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI^®). House prices rose 2.0 percent from April 2025 to April 2026. The previously reported 0.1 percent price change in March was revised upward to 0.2 percent.

For the nine census divisions, seasonally adjusted monthly home price changes ranged from -0.8 percent in the Mountain division to +1.0 percent in the New England division. The 12-month changes ranged from +0.2 percent in the Pacific division to +4.4 percent in the East North Central division.

The FHFA HPI is a comprehensive collection of publicly available house price indexes that measure changes in single-family home values based on data that extend back to the mid-1970s from all 50 states and over 400 American cities. It incorporates tens of millions of home sales and offers insights about house price changes at the national, census division, state, metro area, county, ZIP code, and census tract levels. FHFA uses a fully transparent methodology based upon a weighted, repeat-sales statistical technique to analyze house price transaction data.

FHFA releases HPI data and reports quarterly and monthly. The flagship FHFA HPI uses seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac. Additional indexes use other data, including refinances, mortgages insured by the Federal Housing Administration, and real property records. All the indexes (including their historic values) and information about future HPI release dates are available on FHFA's website: https://www.fhfa.gov/HPI.

The next HPI report will be released on July 28, 2026, and will include monthly data through May 2026.

###

The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.6 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on X @FHFA, YouTube, Facebook, and LinkedIn.

Contacts: MediaInq​[email protected]