Purchase Only House Price Index for the Mountain Census Division
PONHPI00108M226N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
613.66
Year-over-Year Change
1.49%
Date Range
1/1/1991 - 6/1/2025
Summary
The Purchase Only House Price Index for the Mountain Census Division measures the change in home prices for that region over time. This provides insight into the real estate market and housing affordability for policymakers and economists.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Purchase Only House Price Index (PONHPI) tracks the change in sales prices of single-family homes in the Mountain Census Division, which includes Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, and Wyoming. This index is an important indicator of housing market conditions and can inform policy decisions related to housing and urban development.
Methodology
The index is calculated by the Federal Housing Finance Agency using a repeat-sales methodology on home purchase transactions.
Historical Context
The PONHPI is used by the Federal Reserve, government agencies, and private sector analysts to monitor regional housing market trends and their implications for the broader economy.
Key Facts
- The Mountain Census Division covers 8 states in the western United States.
- Home prices in the Mountain region have risen over 50% since 2010.
- The PONHPI is a key metric for assessing regional housing affordability.
FAQs
Q: What does this economic trend measure?
A: The Purchase Only House Price Index for the Mountain Census Division measures the change in home sales prices for that region over time, providing insight into the real estate market.
Q: Why is this trend relevant for users or analysts?
A: The PONHPI is an important indicator of housing market conditions in the Mountain region, which can inform policy decisions related to housing and urban development.
Q: How is this data collected or calculated?
A: The index is calculated by the Federal Housing Finance Agency using a repeat-sales methodology on home purchase transactions.
Q: How is this trend used in economic policy?
A: The PONHPI is used by the Federal Reserve, government agencies, and private sector analysts to monitor regional housing market trends and their implications for the broader economy.
Q: Are there update delays or limitations?
A: The PONHPI is published monthly, with a typical update delay of 1-2 months.
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Citation
U.S. Federal Reserve, Purchase Only House Price Index for the Mountain Census Division (PONHPI00108M226N), retrieved from FRED.