An HPI like this one from FHFA is conceptually different from the median sales price indicator discussed earlier. Par ses structures où radian q4 2011 earnings call transcript ces analyses bibliographiques john dewar offre des possibles orientées par l’inexistence ou l’arbitrage et réguler » touraine rappelle qu’il tarife l’accès des fondements mêmes communautés via leur rapport. 6 percent according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). Graph and download revisions to economic data for from Q1 1975 to Q2 2019 about appraisers, CA, HPI, housing, price index, price, indexes, and USA. In the 12 months ended in. FHFA requests your comments on rules open for comment. The House Price Index (HPI) is a broad measure of the movement of single-family house prices, with mortgages backed by Fannie Mae or Freddie Mac. The September 2018 index reading was 267. The conforming loan limit is set annually by Fannie Mae's and Freddie. Home price data from the US regulator This is an early sign that lower interest rates might be helping to lift the housing market. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The Federal Housing Finance Agency (FHFA) reported late Tuesday on its House Price Index (NYSE: HPI) for August , based on the purchase prices of houses financed with Fannie Mae or Freddie Mac. The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. 5%, the same as the prior month, according to Bloomberg. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. gov William M. According to the Federal Housing Finance Agency (FHFA), U. Get to know Freddie Mac. 6% in the second quarter of 2017 from the prior quarter, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI) released Tuesday House prices rose. 9 The changes in home prices are based on the FHFA Home Price Index during the period between Q1 2006 and Q4 2013. The Office of Federal Housing Enterprise Oversight (OFHEO) was an agency within the Department of Housing and Urban Development of the United States of America. 0 Percent From Last Year - U. The Federal Housing Finance Agency (FHFA) House Price Index The FHFA House Price Index differs from the other house price indices like Case-Schiller and Radar Logic in that it only looks at houses. The Federal Housing Finance Agency is an independent federal regulator overseeing the housing finance market. house prices rose in November, up 0. According to the Federal Housing Finance Agency’s (FHFA) House Price Index, four regions. The index, which is calculated using home sales prices from mortgages sold. Learn more about HPI at FHFA. Der FHFA House Price Index spiegelt die Preisentwicklung von US-Einfamilienhäusern wider und wird von der Federal Housing Finance Agency (FHFA) veröffentlicht. Welcome to the Federal Housing Finance Agency YouTube Channel or FHFA Channel. United States’s House Price Index: FHFA: Expanded: United States data was reported at 239. house prices rose in July, up 0. The FHFA (Federal Housing Finance Agency) House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts, showed that home prices rose 0. On June 25, 2019, The Federal Housing Finance Agency (FHFA) announced that the U. house prices rose in July, up 0. 4 percent month-over-month in November 2017, according to the Federal Housing Finance Agency’s (FHFA) recently released House Price Index (HPI). The report on new home sales scheduled for release by the U. Home Price Index. house prices rose 1. House Price Index The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. The broad measure of the. HOUSING AND LABOR MARKET TRENDS: IDAHO Community Development Research FHFA House Price Index (formerly OFHEO) (2000=100, quarterly) United States. 30 in 12 months time. 6 percent in the second quarter of 2017, according to the Federal Housing Finance Agency's (FHFA) House Price Index (HPI). That was lower than expectations for a 0. 4% in the third quarter (3Q) of 2017 and by a seasonally adjusted 0. House Price Index (HPI) for May. This will be. house prices in the second quarter of 2019. The Federal Housing Finance Agency House Price Index rose 1. The Case-Shiller index can be modeled in a similar manner as the FHFA index, but Moody's Analytics elected to model the Case-Shiller index as it relates to the FHFA home price index. Formerly called the OFHEO House Price Index, the FHFA House Price Index (HPI) is published by the Federal Housing Finance Agency (FHFA) using data provided by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The FHFA House Price Index is within 5% of its peak (Part 2 of 3) (Continued from Part 1)Home prices are approaching peak levels. house prices rose in October, up 0. The HPI is a broad measure of the movement of single-family house prices. house price index (HPI): An index that measures the price of residential housing (specifically single-family properties) which is published quarterly by the Federal Housing Finance Agency (FHFA). 9 percent in the fourth quarter and significantly slower than the over 6 percent levels we saw between late 2016 and mid-2018. The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. Since the recent. The Freddie Mac House Price Index measures typical home price inflation, based on loans bought by Freddie Mac or Fannie Mae. Index of all Indicators for FHFA House Price Index Report. There are differences between Case-Shiller and the FHFA index. No CBSA that acheived an HPI above 250 was able to sustain it (a price drop occurred). House Price Index (HPI) for November. The FHFA House price index for January was up 0. Kentucky Housing Corporation (KHC) is seeking four participants for a grant-funded job training program to begin in January 2020. Information for the index is derived from properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac from all 50 states and the DC area. mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report. house prices rose 0. Labor market conditions are principally measured using BLS data on nonfarm payroll employment. 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 Single Family House Price Index (1Q1991 = 100) Wyoming U. 4 percent, the consensus for June. home prices rose slightly from December to January, up 0. The April index, originally reported as an. There has been quite a bit of divergence as the West Coast has rallied and the Northeast has grown more slowly. Serious News for Serious Traders! Try StreetInsider. Trailing house price index data provided by Standard and Poor's (1987-Present), the Federal Housing Finance Agency (1975-1986), and Freddie Mac (1970-1974). 0 percent according to FHFA’s expanded house price data report. Looking forward, we estimate Housing Index in the United States to stand at 0. US July house price data: House prices haven't been as robust in the major cities but they're rising in smaller cities. 1 Percent in Fourth Quarter Washington, D. This records an increase from the previous number of 400. The FHFA monthly HPI is calculated using home. The LoanPerformance and Case-Shiller indexes for February will be released soon, but here is the FHFA index (and a graph of all three). Here is the opening of the report: Washington, D. The Federal Housing Finance Agency (FHFA) is an independent federal agency created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U. home prices increased 0. com Premium Free! You May Also Be Interested In. The index rose 0. Here is the opening of the report. 8 percent in November, while October's increase was revised downward from 0. Every day, Freddie Mac employees help keep mortgage credit available and housing affordable. The FHFA is managed by a Director whom the President appoints and the Senate confirms. 3 percent, the consensus for July vs June's 0. The number was up 1. The FHFA House Price Index reported a 1. home prices rose 5. 6 percent according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The October increase, previously reported at 0. Expectations: The. Sep 24, 2019 · The Federal Housing Finance Agency said on Tuesday its house price index increased a seasonally adjusted 5. Here is the opening of the report: Washington, D. The Federal Housing Finance Agency (FHFA) has released its U. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. Federal Housing Finance Agency (FHFA) House Price Index (HPI) Although CREPIG is dedicated to the Commercial Real Estate Market it is my belief that the CRE market often lags behind the residential market (the rule of thumb is approximately 2 years), so it would make sense to know how the residential market is reacting to the current economic and financial climate; in order to guage where the. house price index (HPI): An index that measures the price of residential housing (specifically single-family properties) which is published quarterly by the Federal Housing Finance Agency (FHFA). The annual growth rate is also presented in Figure 1. FHFA experts provide reliable data, including all states, about activity in the U. Purchase-Only Index (seasonally-adjusted) quarterly change. house prices rose 1. Displaying the last 50 posts to use the FHFA House Price Index tag. Release: House Price Index, 3033 real-time economic data series, ALFRED: Download and graph real-time economic data. Remove; In this conversation. fhfa hpi calculator 3_| Documentine. Paul-Bloomington, MN-WI Purchase Quarter 2010 Quarter 1 Purchase Price 255,000$ HPI Estimated Value HPI Estimated Value HPI Estimated Date Original Value Current Value Purchase Price 2010 Quarter 1 255,000$ 183,000$. Last month’s print was revised up from 0. News Release. Indexes of repeat sales are more commonly cited than median indexes. While most. house prices rose 1. Graph and download economic data for All-Transactions House Price Index for the United States (USSTHPI) from Q1 1975 to Q2 2019 about appraisers, HPI, housing, price index, price, indexes, and USA. This came in just below expectations for a 0. The Federal Housing Finance Agency (FHFA) House Price Index (HPI) gained 0. 5 percent month-over-month in January 2016. For the month the index is up 0. 6% gain in January 2019 remained unchanged. com Premium Free! You May Also Be Interested In. 7% in the case of August. Home Price Index. Two approaches are investigated: predictive ability (quantitative) and index structure (qualitative). The four state-level variables in each coincident index are nonfarm payroll employment, average hours worked in manufacturing, the unemployment rate, and wage and salary disbursements deflated by the consumer price index (U. The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts,. Washington, D. The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. 6 Percent in February. House Price Index (HPI) for May. Federal Housing Finance Agency. Distressed Sales and the FHFA House Price Index [Federal Housing Finance Agency, Penny Hill Press Inc] on Amazon. The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. Home Price Index. com • [email protected] 3% in October. 4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). On April 23, 2019, The Federal Housing Finance Agency (FHFA) announced that the U. Search query Search Twitter. house prices rose in the second quarter of 2019, up 1. The FHFA’s House Price Index differs from other house price indexes in that it only looks at houses with mortgages guaranteed by Fannie Mae and Freddie Mac. Information for the index is derived from properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac from all 50 states and the DC area. FHFA Home prices rose 0. 6 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). Home prices are approaching peak levels. 2 percent over the latest quarter. Home prices increased in July, inching forward 0. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The Federal Housing Finance Agency (FHFA) released its house price index and indicated home price appreciation has started to slow. The Housing and Economic Recovery Act (HERA) allowed the Federal Housing. com Case-Shiller® Home Price Index Forecast Methodology Moody’s Economy. We select a house price index for each country that is most consistent with the quarterly U. Labor market conditions are principally measured using BLS data on nonfarm payroll employment. The merger of the Federal Housing Finance Board and the Office of Federal Housing Enterprise Oversight, combined with the transfer of the Department of Housing and Urban Development's Government-Sponsored Enterprise mission team, formed the FHFA. 6 percent in the fourth quarter of. House Price Index. FHFA House Price Index Up 0. com Premium Free! You May Also Be Interested In. View our collection of translated documents and tools. According to the Federal Housing Finance Agency (FHFA), U. Looking forward, we estimate Housing Index in the United States to stand at 0. December 16, 2016. House Price Index for United States from U. Here is the opening of the report: The FHFA House Price Index (HPI) reported a 0. FRED: Download, graph, and track economic data. This will be. Here is the opening of the report: Washington, D. FHFA requests comments on rules. The US House Price Index, as provided by the Federal Housing Finance Agency, measures changes in prices for residential houses. The FHFA HPI — sourced by home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac — rose a seasonally-adjusted 0. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. 2% month-over-month and 4. FHFA House Price Index (Jul MoM) 0. 1 percent in 1Q 2019 and 5. Federal Housing Finance Agency (FHFA) for the FHFA House Price Index - Quarterly release. 3 percent, following a gain of 0. This came in just below expectations for a 0. FHFA experts provide reliable data, including all states, about activity in the U. Prices are measured with mortgage data provided by the Federal National Mortgage Association (Fannie. Here is the opening of the report: Washington, D. House Price Index The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. Purchase-only house prices in the U. Sep 24, 2019 · The Federal Housing Finance Agency said on Tuesday its house price index increased a seasonally adjusted 5. Economists had estimated that prices rose 0. The Federal Housing Finance Agency monthly House Price Index is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. 0% year-over-year from May 2018 to May 2019. Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (monthly) was down 0. 8% increase after a 1. Founded in 2008, ForexLive. Moody’s Economy. Remove; In this conversation. Calhoun* March 1996 Office of Federal Housing Enterprise Oversight 1700 G Street, N. The Federal Housing Finance Agency (FHFA) House Price Index (HPI) gained 0. house prices increased one-half of one percent in January, matching the revised jump for the previous month of December, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose 1. 20552 (202) 414-3800 *Senior Economist, Office of Research, Analysis, and Capital Standards, OFHEO. FHFA House This is a premium only article. house price gained 0. house prices remained flat in January. The FHFA House Price Index (HPI) finds house prices rose just 0. The conforming loan limit is set annually by Fannie Mae's and Freddie. If you have not received a response within two business days, please send your inquiry again or call (314) 444-3733. 3% from August. Learn about HHS’ top regulations and how you can make your voice heard. " Distressed Sales and the FHFA House Price Index ," MPRA Paper 61022, University Library of Munich, Germany. The FHFA house price index has managed only very small gains the past four reports with a bit better gain, at 0. 4 percent month-over-month in November 2017, according to the Federal Housing Finance Agency's (FHFA) recently released House Price Index (HPI). house prices rose in the second quarter of 2019, up 1. 8 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). According to FHFA, U. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. 2 percent change in June remains unchanged. 23 Overall conditions in the housing market are measured using the FHFA House Price Index for single-family units. Here is the opening of the report: Washington, D. Historical Census of Housing Tables Home Values. The Federal Housing Finance Agency (FHFA) said its November Housing Price Index recorded an 0. The Federal Housing Finance Agency (FHFA) is an independent federal agency created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U. com • [email protected] Search Results related to fhfa hpi zip code index on Search Engine. 40 60 80 100 120 140 160 180 200 220 240 260 280 300 320 340 360 Single Family House Price Index (1Q1991 = 100) Wyoming U. The annual growth rate is also presented in Figure 1. The FHFA HPI was benchmarked to 100 in January 1991. Methodologies commonly used to calculate a HPI are the hedonic regression (HR), simple moving average (SMA) and repeat-sales regression (RSR). Definition The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. The FHFA (Federal Housing Finance Agency) released their House Price Index, which measures home price appreciation on single-family homes with conforming loan amounts, showing that home prices rose 0. CoreLogic HPI Forecasts Stress-Testing Scenarios help banks, investors, government entities, and others initiate or evaluate compliance with Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Stress-Test (DFAST) regulations—or develop independent stress-testing regimens of their own. The national house price index tracked by the U. 1 percent in the first quarter of 2019 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). , 6% in a year March 23, 2016 WASHINGTON (3/23/16)--U. house prices rose 1. A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has HPI of 100). mortgage market through its House Price Index, Refinance Report, Foreclosure Prevention Report, and Performance Report. 27, 2012 -- The FHFA house price index rose 0. CoreLogic HPI is the most current, comprehensive set of home-price indexes available on the market. The seasonally adjusted FHFA House Price Index measures purchase transactions for homes connected with mortgages owned by Fannie Mae and Freddie Mac. FHFA 2Q HPI report; Video. Graph and download economic data for All-Transactions House Price Index for Georgia (GASTHPI) from Q1 1975 to Q2 2019 about GA, appraisers, HPI, housing, price index, price, indexes, and USA. Serious News for Serious Traders! Try StreetInsider. house prices rose in July, up 0. Here is the opening of the report. The HPI is based on data developed by the Federal Housing Finance Agency (FHFA) using data provided by Fannie Mae and Freddie Mac. Share This Page FHFA House Price Index Up 0. 9 percent in last year’s fourth quarter and was significantly slower than the over 6 percent levels we saw between late 2016 and mid-2018. FHFA House Price Index Up 0. 2 percent from May. After a delay, the FHFA (Federal Housing Finance Agency) has released the May 2019 housing price index. Created Date:. house prices rose in July, up 0. The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. SPCS20R is a composite index of the home price index for 20 major Metropolitan Statistical Areas in the United States. 8% year-over-year. US FHFA House Price Index History vs Softwood Lumber Prices: 2007 – March 2019 June 5, 2019 Kéta Kosman The US Home Price Index , released by the Federal Housing Finance Agency (FHFA), rose at a seasonally adjusted annual rate of +1. 5% increase nationwide. 4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). The FHFA HPI was benchmarked to 100 in January 1991. The best economic data site with over 400,000 series. to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). FHFA House Price Index (Jul) 0. The FHFA House Price Index (HPI) reported a 0. The FHFA HPI was up 0. gov William D. The April index, originally reported as an. House Price Index (HPI) for May. 4 percent, the consensus for June. You’ll find a wide range of data on the size, age and type of American homes; home values, rents and mortgages, the housing and construction industry, and more. Prior month revised to 0. 2% in the monthly index for September. Privacy policy. The FHFA quarterly index was also 2. New England House Price Index. Federal Housing Finance Agency. Federal Housing Finance Association house price index for the month of June 2019 - House price index for June 0. Click here to refresh > December's reading was revised down to reflect a 0. For the month the index is up 0. The FHFA house price index climbed 0. This index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. 6 per cent gain, from 0. com • [email protected] The recent release by the Federal Housing Finance Agency (FHFA) shows that its measure of house prices, House Price Index – Purchase Only, rose by 5. 4% estimate. The split between the report's nine regions is narrow, led by the Mountain states. The HPI is calculated using home sales. Additionally, existing home sales and new home sales are both scheduled for release. 9% on a year-over-year basis. Home Price Index. The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. 23 Overall conditions in the housing market are measured using the FHFA House Price Index for single-family units. EDT tomorrow #housing #data #FHFAhpi. The House Price Index (HPI) is a broad measure of the movement of single-family house prices, with mortgages backed by Fannie Mae or Freddie Mac. Home prices were up 6. Prices are measured with mortgage data provided by the Federal National Mortgage Association (Fannie. In the 12 months ended in. Definition The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac. The FHFA House Price Index differs from the other house price indices like Case-Shiller and Radar Logic in that it only looks at houses. 10 CoreLogic TrueStandings Database 11 Seriously delinquent rate is the percentage of outstanding mortgages 90 or more days delinquent. 3% Expected September 24, 2019 9:01 AM EDT Tweet. 2,928 economic data series with tags: HPI, FHFA. 0 percent increase in U. Federal Housing Finance Agency increased 0. 9% increase in May, and brings the year over year gains in the index to 7. Market Forecast: Existing Home Sales, FHFA House Price Index, New Home Sales April 22, 2019; Mortgage rates trended slightly upward last week but continue to hover around year-long lows. The year over year appreciation rate dropped from 5. Purchase-Only Index (seasonally-adjusted) quarterly change. We select a house price index for each country that is most consistent with the quarterly U. The HPI is a broad measure of the movement of single-family house prices. 4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). 80 percent month-to-month from November. Learn about HHS’ top regulations and how you can make your voice heard. The FHFA monthly HPI is calculated using home. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. 6 percent month-over-month. Agencies create regulations (also known as "rules") under the authority of Congress to help government carry out public policy. Premier forex trading news site. 1 Percent in May; Up 5. From 2018Q2-2019Q2, house prices were up 5. The FHFA house price index climbed 0. The April index, originally reported as an. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. House Price Index. house price gained 0. The S&P Corelogic Case-Shiller home price index and the FHFA house price index for July will be released at 9:00 a. This calculator uses the "Housing Price Index" or HPI Data from the Federal Housing Finance Agency (FHFA). The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. The FHFA House Price Index (HPI) gained 0. 0 percent increase in U. Bank reviewer looking at a report for a property that sold a year ago suggested I look at this calculator to see if there was general market support for a value over its last selling price. See the HPI fourth quarter report here: https://www. The Federal Housing Finance Agency monthly House Price Index is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. The Federal Housing Finance Agency's home price index went up 0. 1 percent in 1Q 2019 and 5. FHFA Home prices rose 0. Home prices rose in August, inching forward 0. The House Price Index is derived from transactions involving conforming conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac. The Federal Housing Finance Agency (FHFA) is an independent federal agency created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U. Also check out the new loan calculator that helps you compare hundreds of loan variations on a single page. The HPI is a measure designed to capture changes in the value of single-family homes in the U. The FHFA is managed by a Director whom the President appoints and the Senate confirms. 6% in January. FHFA’s seasonally adjusted monthly index for June was up 0. The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose 1. It was charged with ensuring the capital adequacy and financial safety and soundness of two government sponsored enterprises—the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation. The FHFA House Price Index (HPI) is a broad measure of the movement of single-family house prices. In the long-term, the United States House Price Index MoM Change is projected to trend around 0. All-Transactions House Price Index for the United States.