Table
8. New Single-Family Home Prices: 1964Present
Median |
U.S. Average |
Period |
U.S. |
Northeast |
Midwest |
South |
West |
Houses Actually Sold |
Constant-Quality House1
2 |
Annual
Data |
1964 |
18,900
|
20,300
|
19,400
|
16,700
|
20,400
|
20,500
|
NA |
1965 |
20,000
|
21,500
|
21,600
|
17,500
|
21,600
|
21,500
|
NA |
1966 |
21,400
|
23,500
|
23,200
|
18,200
|
23,200
|
23,300
|
NA |
1967 |
22,700
|
25,400
|
25,100
|
19,400
|
24,100
|
24,600
|
NA |
1968 |
24,700
|
27,700
|
27,400
|
21,500
|
25,100
|
26,600
|
NA |
1969 |
25,600
|
31,600
|
27,600
|
22,800
|
25,300
|
27,900
|
NA |
1970 |
23,400
|
30,300
|
24,400
|
20,300
|
24,000
|
26,600
|
NA |
1971 |
25,200
|
30,600
|
27,200
|
22,500
|
25,500
|
28,300
|
NA |
1972 |
27,600
|
31,400
|
29,300
|
25,800
|
27,500
|
30,500
|
NA |
1973 |
32,500
|
37,100
|
32,900
|
30,900
|
32,400
|
35,500
|
NA |
1974 |
35,900
|
40,100
|
36,100
|
34,500
|
35,800
|
38,900
|
NA |
1975 |
39,300
|
44,000
|
39,600
|
37,300
|
40,600
|
42,600
|
NA |
1976 |
44,200
|
47,300
|
44,800
|
40,500
|
47,200
|
48,000
|
NA |
1977 |
48,800
|
51,600
|
51,500
|
44,100
|
53,500
|
54,200
|
67,400
|
1978 |
55,700
|
58,100
|
59,200
|
50,300
|
61,300
|
62,500
|
77,400
|
1979 |
62,900
|
65,500
|
63,900
|
57,300
|
69,600
|
71,800
|
89,100
|
1980 |
64,600
|
69,500
|
63,400
|
59,600
|
72,300
|
76,400
|
98,100
|
1981 |
68,900
|
76,000
|
65,900
|
64,400
|
77,800
|
83,000
|
105,900
|
1982 |
69,300
|
78,200
|
68,900
|
66,100
|
75,000
|
83,900
|
108,400
|
1983 |
75,300
|
82,200
|
79,500
|
70,900
|
80,100
|
89,800
|
110,700
|
1984 |
79,900
|
88,600
|
85,400
|
72,000
|
87,300
|
97,600
|
115,100
|
1985 |
84,300
|
103,300
|
80,300
|
75,000
|
92,600
|
100,800
|
116,600
|
1986 |
92,000
|
125,000
|
88,300
|
80,200
|
95,700
|
111,900
|
121,200
|
1987 |
104,500
|
140,000
|
95,000
|
88,000
|
111,000
|
127,200
|
127,700
|
1988 |
112,500
|
149,000
|
101,600
|
92,000
|
126,500
|
138,300
|
132,400
|
1989 |
120,000
|
159,600
|
108,800
|
96,400
|
139,000
|
148,800
|
137,800
|
1990 |
122,900
|
159,000
|
107,900
|
99,000
|
147,500
|
149,800
|
140,400
|
1991 |
120,000
|
155,900
|
110,000
|
100,000
|
141,100
|
147,200
|
142,200
|
1992 |
121,500
|
169,000
|
115,600
|
105,500
|
130,400
|
144,100
|
144,100
|
1993 |
126,500
|
162,600
|
125,000
|
115,000
|
135,000
|
147,700
|
150,300
|
1994 |
130,000
|
169,000
|
132,900
|
116,900
|
140,400
|
154,500
|
157,500
|
1995 |
133,900
|
180,000
|
134,000
|
124,500
|
141,000
|
158,700
|
161,900
|
1996 |
140,000
|
186,000
|
138,000
|
126,200
|
153,900
|
166,400
|
166,400
|
1997 |
146,000
|
190,000
|
149,900
|
129,600
|
160,000
|
176,200
|
171,200
|
1998 |
152,500
|
200,000
|
157,500
|
135,800
|
163,500
|
181,900
|
175,600
|
1999 |
161,000
|
210,500
|
164,000
|
145,900
|
173,700
|
195,600
|
184,200
|
2000 |
169,000
|
227,400
|
169,700
|
148,000
|
196,400
|
207,000
|
192,000
|
2001 |
175,200
|
246,400
|
172,600
|
155,400
|
213,600
|
213,200 |
NA |
|
Quarterly
Data |
2001 |
|
1st Quarter
|
169,800 |
242,800 |
170,400 |
154,700 |
206,400 |
211,000 |
N/A |
2nd Quarter
|
179,000 |
255,200 |
177,200 |
156,100 |
204,600 |
211,200 |
N/A |
3rd Quarter
|
172,500 |
244,200 |
168,600 |
152,800 |
218,100 |
207,800 |
N/A |
4th Quarter |
171,100 |
247,800 |
169,500 |
152,100 |
227,200 |
214,200
|
N/A |
2002 |
|
|
|
|
|
|
|
1st Quarter |
182,700 |
257,200 |
167,400 |
156,800 |
245,300 |
224,400
|
N/A |
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 Index in April 2001, the Bureau
of the Census began publishing the Fixed-Weighted Laspeyres Price Index
on a 1996 base year. (The previous base year was 1992.) Annual "Constant-Quality
House" data are no longer being published.
Sources: Census Bureau, Department of Commerce; and Office of Policy
Development and Research, Department of Housing and Urban Development
http://www.census.gov/const/quarterly_sales.pdf
|