1 The average price for a constant-quality unit is
derived from a set of statistical models relating sales price
to selected standard physical characteristics of housing units.
2 Effective with the release of the first-quarter 2001 New Home Sales Price Guide Index in April 2001, the Bureau of the Census began publishing the Fixed-Weighted Laspeyers Price Index on a 1996 base year. (The previous base year was 1992.) Annual "Constant-Quality House" data have been revised back to 1996 to reflect this change. Quarterly "Constant-Quality House" data are no longer being published.
Sources: Bureau of the Census, Department of Commerce; and Office of Policy Development and Research, Department of Housing and Urban Development
http://www.census.gov/const/quarterly_sales.pdf (See Table Q6)
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