financetom
Economy
financetom
/
Economy
/
US single-family home prices ease on a monthly basis in April, FHFA says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US single-family home prices ease on a monthly basis in April, FHFA says
Jun 30, 2026 6:32 AM

WASHINGTON, June 30 (Reuters) - U.S. single-family house prices eased on a monthly basis in April, but remained supported by a shortage of homes for sale.

House prices dipped 0.1% after an upwardly revised 0.2% rise in March, the Federal Housing Finance Agency said on Tuesday. Prices were previously reported to have edged up 0.1% in March.

The drop in monthly house prices likely reflected weak demand as the U.S.-Israel war with Iran boosted oil prices, driving up inflation and mortgage rates. The average rate on the popular 30-year fixed-rate mortgage has increased by about 50 basis points since the conflict started at the end of February, data from mortgage finance agency Freddie Mac showed. It averaged 6.49% last week.

An outright decline in house prices is unlikely. House prices increased 2.0% in the 12 months through April, after advancing 1.8% in March.

There is a national housing shortage, especially of starter homes. The National Association of Home Builders estimates the housing shortfall at about 1.2 million homes.

The U.S. Congress last week passed a bill to make housing affordable, by, among other things, restricting single-family homeownership by Wall Street investment firms and waiving or speeding up environmental reviews for construction projects.

U.S. President Donald Trump has refused to sign the bill in an attempt to pressure his fellow Republicans to pass voting restriction measures he favors.

Monthly house prices dropped 0.8% in the Mountain region. Prices also declined in the East South Central, Pacific, East North Central and South Atlantic regions. But they increased 1.0% in New England and rose 0.4% in the Middle Atlantic region.

Prices gained 0.1% in the West North Central and West South Central regions. On a year-over-year basis, prices increased in all nine census divisions, rising 4.4% in the East North Central region and advancing 4.2% in New England.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US companies' profit growth seen softer, spotlight on AI spending
US companies' profit growth seen softer, spotlight on AI spending
Oct 10, 2025
NEW YORK (Reuters) -U.S. companies could report milder earnings growth in the third quarter than earlier this year, partly due to a likely tariff hit, while investors look for signs that heavy spending on artificial intelligence is paying off. While most U.S. corporations have managed to beat earnings expectations even after U.S. President Donald Trump first announced wide-ranging tariffs on...
Fed's Daly: labor market is at a 'worrisome' point
Fed's Daly: labor market is at a 'worrisome' point
Oct 9, 2025
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Thursday a softening labor market and inflation that has come in much less than people had feared warranted last month's U.S. interest-rate cut and prompted the Fed to signal more rate cuts could be ahead. The economy is slowing a little bit. Consumers are running out of all the...
US Growth Hides Trouble Beneath — Economist Warns Low-Income Americans Are 'Hanging On By Fingertips'
US Growth Hides Trouble Beneath — Economist Warns Low-Income Americans Are 'Hanging On By Fingertips'
Oct 10, 2025
Even with the U.S. economy growing by 3.8% last quarter, and unemployment holding at 4.3%, Moody's Analytics said that roughly half of all U.S. states are actually seeing their economies shrink. Low-Income Households Under Pressure In an interview with Fortune, Chief Economist Mark Zandi said that 22 states are currently seeing their economies contract, while 16 are growing and 13...
Fed's Williams, Daly call out job market risks; Barr urges caution
Fed's Williams, Daly call out job market risks; Barr urges caution
Oct 9, 2025
(Reuters) -The influential New York Federal Reserve President John Williams signaled on Thursday he would be comfortable with cutting interest rates again, voicing what appears to be a dominant view at the Fed despite some policymakers' qualms about rising inflation. The risk of a further slowdown in the labor market is something I'm very focused on, Williams told the New...
Copyright 2023-2026 - www.financetom.com All Rights Reserved