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FHFA House Price Index® Focus Pieces

FHFA’s quarterly HPI Releases typically include a “Highlights” article that analyzes house price trends or specific methodological issues related to the HPI’s construction. The downloadable articles are listed below with the corresponding HPI release.

 

​Title​Reporting Period​Corresponding HPI Release (and Pages)
Developmental Quarterly House Price Indexes for Real Property Manufactured Homes2Q 2024  
Quarterly House Price Medians for Real Property Manufactured Homes2Q 2024  
​Source Update for County Recorder Data and Its Impact on FHFA HPI®​4QM10 20234QM10 2023 HPI Report​Pages 9 - 21
​Transitioning to the New OMB 2018 Metropolitan Area Definitions​​4Q 2018​4Q 2018 HPI Report​Pages 23-35​ 
Manufactured House Price Indexes​2Q 2018​2Q 2018 HPI ReportPages 23 - 27
​Release of New Indexes for Three-Digit ZIP Codes​​4Q 2014​​4Q 2014
HPI Report		​​Page 20
​Comparing House Price Indexes based on OMB 2009 and 2013 Metropolitan Area Definitio​ns​3Q 2013​3Q 2013 HPI Report​Pages 13 – 16
​Transitioning to the New OMB 2013 Metropolitan Area Definitions ​​2Q 20132Q 2013 HPI ReportPages 13 – 26
Expanding the Number of Purchase-Only Indexes from 25 to 75 MSAs​1Q 2013​1Q 2013 HPI Report​Pages 13 – 21
Recent Differences Between Appreciation Rates Reflected in the Purchase-Only and All-Transactions Indexes​4Q 20124Q 2012 HPI ReportPages 12 – 18
​Expanding the Number of Expanded-Data Indexes to 25 MSAs3Q 20123Q 2012 HPI ReportPages 12 – 16
​Distress-Free House Price Indexes2Q 2012​2Q 2012 HPI ReportPages 12 – 23
​Options for Construction "Distress-Free" House Price Indexes1Q 2012​1Q 2012 HPI Report​Pages 12 – 19
Exploring Negative Revisions in the Monthly HPI​​4Q 2011​4Q 2011 HPI Report​Pages 12 – 17
​Expanded-Data HPI: House Prices and the Oil & Gas Industry3Q 20113Q 2011 HPI ReportPages 12 –21
​Introduction of Expanded-Data House Price Indexes2Q 2011​2Q 2011 HPI Report​Pages 13 – 25
​Implementation of New Index Weighting System1Q 2011​1Q 2011 HPI Report​Pages 10 – 16
​Price Trends for Homes that are Frequently Traded4Q 2010​4Q 2010 HPI Report​Pages 10 – 14
House Price Indexes Estimated with Additional Data from County Recorder Offices3Q 2010​3Q 2010 HPI ReportPages 10 – 16
​Condominium Indexes​2Q 2010​2Q 2010 HPI Report​Pages 10 – 14
New House Price Indexes for Puerto Rico1Q 20101Q 2010 HPI ReportPages 10 – 15
​Conversion to New Software for Address Processing4Q 20094Q 2009 HPI Report​Pages 10 – 12
​The Impact of Distressed Sales on FHFA's Index for California3Q 2009​3Q 2009 HPI Report​Pages 10 – 13
​Discussion of New Indexes and Recent Research​1Q 2009​1Q 2009 HPI ReportPages 11 – 12
Evaluation of the National Weighting System (Update) and Release of Purchase-Only Indexes for Select Metro Areas4Q 2008​4Q 2008 HPI Report​Pages 11 – 14
​Assessing the Weights used in the Construction of the National House Price Index3Q 20083Q 2008 HPI ReportPages 11 – 17
​Discussion of Relationship between Price Trends and Borrower and Financing Types​2Q 20082Q 2008 HPI ReportPages 11 – 12
​Technical Note on Future Plans to Update OFHEO HPI-S&P/Case-Shiller Reconciliation Analyses4Q 2007​4Q 2007 HPI Report​Pages 9 – 17
​Foreclosures and House Prices​3Q 2007​3Q 2007 HPI ReportPages 11 – 17
​Monthly House Price Indexes2Q 20072Q 2007 HPI Report​Pages 9 – 17
​New "Purchase-Only" House Price Indexes: Comments and Statistics1Q 20071Q 2007 HPI Report​Pages 8 – 17
​The Market Slowdown and Home Prices in the Suburbs and Exurbs4Q 2006​4Q 2006 HPI Report​Pages 8 – 12
​Home Price Appreciation in Rural Areas​3Q 2006​3Q 2006 HPI ReportPages 8 – 14
​Appreciation Rate Declines2Q 20062Q 2006 HPI ReportPages 7 – 9
​Cash-Out Refinances and Estimated Appreciation Rates​1Q 20061Q 2006 HPI Report​Pages 5 – 7
​Initial Indications of Hurricane Katrina's Effects on Housing Markets4Q 20054Q 2005 HPI ReportPages 8 – 9
Home Prices and Hurricanes3Q 20053Q 2005 HPI Report​Pages 7 – 14
​Inclusion of Expensive Homes in the HPI4Q 20054Q 2005 HPI Report​Pages 8 – 9
​HPI Revisions​1Q 20051Q 2005 HPI ReportPages 6 – 7
​Quarterly Price Slowdown in Many Areas​4Q 2004​4Q 2004 HPI ReportPages 6 – 7
Regional Highlights (North Carolina and California)3Q 2004​3Q 2004 HPI Report​Pages 6 – 9
House Prices Take Off—Almost Everywhere​4Q 20034Q 2003 HPI ReportPages 3 – 4
​Focus on Hawaii, Mountain States, Northeast3Q 20033Q 2003 HPI ReportPages 3 – 5
​Spotlight on California's Continued Stellar Housing Markets2Q 2003​2Q 2003 HPI ReportPages 3 – 4
Regional Performance and Comparison3Q 2002​3Q 2002 HPI ReportPages 4 – 7
​A Closer Look at "Bubble Areas"2Q 2002​2Q 2002 HPI ReportPages 4 – 7
​Housing Prices Continue to Grow at Healthy Rates1Q 20021Q 2002 HPI Report​Pages 3 – 4
​Housing Prices Slow Substantially in Fourth Quarter 20014Q 20014Q 2001 HPI ReportPages 4 – 5
Spotlight on California: Silicon Valley/Northern Bay Area​3Q 20013Q 2001 HPI ReportPage 2
​2001 Average Implied Annual Growth High2Q 20012Q 2001 HPI ReportPages 2 – 3
​Maryland and Virginia Suburbs Begin to Reflect DC Growth​1Q 2001​1Q 2001 HPI Report​Pages 2 – 3
​How the Use the Price to Income Ratio to Determine the Presence of Housing Bubbles4Q 2000​4Q 2000 HPI Report​Pages 7 – 10
Bay Area Continues to Dominate Top 10 MSAs for Most Rapid Appreciation2Q 20002Q 2000 HPI Report​Pages 24 – 25
​Rural Area House Prices Appreciate More Rapidly than Metro Areas in 1990s1Q 2000​1Q 2000 HPI ReportPages 24 – 31 ​​​​