Arizona

New Privately-Owned Housing Units Authorized Unadjusted Units by State, Regions and Metropolitan Area

The national conforming loan limit for mortgages that finance single-family one-unit properties increased from $33,000 in the early 1970s to $417,000 for 2006-2008, with limits 50 percent higher for four statutorily-designated high cost areas: Alaska,  Hawaii, Guam, and the U.S. Virgin Islands.  Since 2008, various legislative acts increased the loan limits in certain high-cost areas in the United States.  While some of the legislative initiatives established temporary limits for loans originated in select time periods, a permanent formula was established under the Housing and Economic Recovery Act of 2008 (HERA).  The 2021 loan limits have been set under the HERA formula. 

These annual national indexes should be considered developmental. As with the standard FHFA HPIs, revisions to these indexes may reflect the impact of new data or technical adjustments. Indexes are calibrated using appraisal values and sales prices for mortgages bought or guaranteed by Fannie Mae and Freddie Mac. Index values always reflect data from that year. Three HPI values are provided and, since the indexes reflect cumulative appreciation since a certain period, the values reflect the base year being used (annual appreciations are the same). 

Apartment List Rent Estimates and Apartment List Vacancy Index

SOMA collects and reports data on how quickly new construction of multifamily units with 5 or more units are absorbed (Sold or rented). Reports in this section are based on the quarter and the year of absorption of units three 3 months after completion. Quarterly Estimates of Absorption Rates - (Privately-financed, non subsidized, unfurnished units)

The HPI is a broad measure of the movement of single-family house prices. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancing's on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac since January 1975.

  Zillow Home Value Index (ZHVI) for Metro & U.S and Statewise data. A smoothed, seasonally adjusted measure of the typical home value and market changes across a given region and housing type. Zillow publishes top-tier ZHVI ($, typical value for homes within the 65th to 95th percentile range for a given region) and bottom-tier ZHVI ($, typical value for homes that fall within the 5th to 35th percentile range for a given region). Zillow also publishes ZHVI for all single-family residences ($, typical value for all single-family homes in a given region), for condo/coops ($), for all homes with 1, 2, 3, 4 and 5+ bedrooms ($), and the ZHVI per square foot ($, typical value of all homes per square foot calculated by taking the estimated home value for each home in a given region and dividing it by the home’s square footage).