On a year-over-year basis, the national FMHPI rose 6.6% in March, further increasing from February's 6.5% year-over-year rise. Year-over-year growth peaked at 19.1% in July 2021 and bottomed out in this cycle with a 0.9% year-over-year increase in April 2023.
As of March, 11 states and Washington, D.C., were below their previous seasonally adjusted peaks. The largest seasonally adjusted declines from recent peaks were in West Virginia (-3.1%), Washington DC (-2.9%), North Dakota (-2.0%), and Idaho (-1.0%). )Met.
For cities (Core-based Statistical Areas, CBSA), here are the 30 cities with the largest seasonally adjusted declines from peak. Austin continues to be the worst performing city.