U.S. house prices rose in January, up 0.8 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase in December was revised upward to 0.4 percent.

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. From January 2017 to January 2018, house prices were up 7.3 percent.

For the nine census divisions, seasonally adjusted monthly price changes from December 2017 to January 2018 ranged from -0.7 percent in the West South Central division to +1.2 percent in the New England and Pacific divisions. The 12-month changes were all positive, ranging from +5.1 percent in the West South Central division to +10.0 percent in the Mountain division.