FHFA House Price Index: November Data

FHFA News Releases

Published January 1st, 2026

Detected March 13th, 2026

Summary

The Federal Housing Finance Agency (FHFA) reported that U.S. house prices increased by 0.6% in November and 1.9% annually. This notice provides the latest data from the FHFA House Price Index (HPI) and details on its methodology and future release schedule.

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What changed

The Federal Housing Finance Agency (FHFA) has released its monthly House Price Index (HPI) report, indicating a 0.6% increase in U.S. house prices for November and a 1.9% annual increase. The report details price changes across various census divisions and highlights the comprehensive nature of the FHFA HPI, which uses data extending back to the mid-1970s and incorporates millions of home sales.

This release serves as an informational notice for stakeholders interested in housing market trends. No immediate compliance actions are required for regulated entities. The FHFA also announced the next HPI report will be released on February 24, 2026, covering data through December and the fourth quarter of 2025. The FHFA itself regulates Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, which provide significant funding for U.S. mortgage markets.

Source document (simplified)

for immediate release Washington, D.C. – U.S. house prices rose 0.6 percent in November, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 1.9 percent from November 2024 to November 2025. The previously reported 0.4 percent price change in October remained unchanged.

For the nine census divisions, seasonally adjusted monthly home price changes ranged from 0.0 percent in the Middle Atlantic division to +1.1 percent in the East South Central division. The 12-month changes ranged from -0.4 percent in the Pacific division to +5.1 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 February 24, 2026, and will include monthly data through December and quarterly data through the fourth quarter of 2025.

Attachments: FHFA HPI® Monthly - January 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 $8.5 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.

Contact: MediaInquiries@FHFA.gov