Economic and Housing Research
Weekly Commentary
May 2
Mortgage rates eased somewhat following the release of the advance estimate of real GDP growth for the first quarter of the year, which rose 2.5 percent but fell short of the market consensus forecast. The latest GDP report confirmed that the housing sector has become an important contributor to the economic recovery. Residential fixed investment added to overall economic growth over the past eight consecutive quarters and contributed more than 0.3 percentage points in growth over the first three months of this year. Moreover, near record low mortgage rates should further drive the housing market recovery over the near term. >> Next Commentary: May 9
Freddie Mac House Price Index (FMHPISM)
Freddie Mac publishes its monthly house price index values each quarter for the nation as a whole, for each of the 50 states and the District of Columbia, and 367 metropolitan statistical areas (MSAs).
U.S. National House Prices Up 7 Percent
Strongest First Quarter Growth Since 2005
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