FHFA House Price Index

Today, the Federal Housing Finance Agency (FHFA) announced that Victoria Nahrwold has been named Deputy Director, Division of Enterprise Regulation (DER). Division of Enterprise Regulation provides management oversight, direction, and support for all examination activity involving the Enterprises, the development of supervision findings, and preparation of the annual reports of examination. The division monitors and assesses the financial condition and performance of the Enterprises and their compliance with regulations through annual on-site examinations and periodic visits. An examiner-in-charge leads examination activity at each Enterprise. Examination teams will expand further as DER continues to build towards a post-conservatorship future.​

The Federal Housing Finance Agency (FHFA) today issued an Advisory Bulletin (AB) that simplifies the process for project sponsors to receive Federal Home Loan Bank (FHLBank) funds for affordable housing projects.  Each of the 11 FHLBanks operates an Affordable Housing Program (AHP) providing grants or subsidized advances to fund rental housing and homeownership opportunities for low- and moderate-income households. Nonprofits and other sponsors submit an application to the FHLBank, which includes a request for financial assistance to fill a project’s funding gap. FHFA, which oversees the FHLBanks, has heard feedback that the process is too burdensome.

U.S. house prices rose 0.3 percent in August, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2 percent from August 2023 to August 2024. The previously reported 0.1 percent price increase in July was revised upward to 0.2 percent. For the nine census divisions, seasonally adjusted monthly price changes from July 2024 to August 2024 ranged from -0.1 percent in the East North Central and New England divisions to +0.9 percent in the West North Central division. The 12-month changes were all positive, ranging from +2.4 percent in the West South-Central division to +6.3 percent in the East North Central division.