US House Price Index United States (NSA)
US House Price Index United States (NSA) stood at 306.65 in Aug 2026, according to Freddie Mac House Price Index (FMHPI). It is one of the indicators in the Freddie Mac house prices by state and metro area table (Value · Monthly), with a complete series running from Jan 1975 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Freddie Mac house prices by state and metro area table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States (not seasonally adjusted) | 306.65 | 307.04 | 307.18 | 306.65 | 305.16 | 302.73 | 300.01 | 297.92 | 297.09 | 297.5 | |
| United States (seasonally adjusted) | 303.56 | 302.64 | 301.91 | 301.45 | 301.12 | 300.81 | 300.49 | 299.96 | 299.18 | 298.33 |
Understanding US House Price Index United States (NSA)
The US House Price Index United States (NSA) tracks the unadjusted average trajectory of single-family residential property values nationwide, incorporating all observed transaction data without removing predictable calendar or weather-driven variations. The scope covers repeat sales and refinancing mortgages for standard single-family properties, intentionally omitting multi-unit housing and properties financed through specialized government programs. By retaining raw seasonal rhythms, this unadjusted series differs from its seasonally adjusted counterpart by showing the actual magnitude of price swings that occur during peak moving seasons versus slower winter months.
Released periodically, the data undergoes retrospective revisions as more complete mortgage and property transaction records become available. When reading the series, month-on-month comparisons often reflect natural calendar peaks and troughs rather than shifting economic fundamentals, making year-on-year percentage changes the preferred metric for identifying sustainable medium-term trends in national real estate valuations.