Housing Index

The House Price Index (HPI) is a broad measure of the movement of single-family house prices in the US, and is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancing on the same properties. It is issued by the Federal Housing Finance Agency in US on a monthly and quarterly basis.
The HPI serves as a timely, accurate indicator of house price trends at various geographic levels. Because of the breadth of the sample, it provides more information than is available in other house price indexes. The HPI includes house price figures for the nine Census Bureau divisions, for the 50 states and the District of Columbia, and for Metropolitan Statistical Areas (MSAs) and Divisions. In general increases in the index are considered positive for the US Dollar reflecting a strong housing market.
The average prices of single-family houses with mortgages guaranteed by Fannie Mae and Freddie Mac in the United States increased 0.5 percent month-over-month in October 2017, following an upwardly revised 0.5 percent gain in September and beating market expectations of 0.2 percent. Year-on-year, prices went up 6.6 percent. Housing Index in the United States averaged 0.29 percent from 1991 until 2017, reaching an all-time high of 1.20 percent in January of 2000 and a record low of -1.80 percent in November of 2008.
The House Price Index, combined with other housing market data such as housing starts, building permits, new home sales provides important information on the overall state of the housing market in the US, which is closely correlated with the broader state of the economy.