Table
8. New Single-Family Home Prices: 1963-Present
Median |
U.S. Average |
Period |
U.S. |
Northeast |
Midwest |
South |
West |
Houses Actually Sold |
Constant-Quality House1
2 |
Annual
Data |
1963 |
18,000 |
20,300 |
17,900 |
16,100 |
18,800 |
19,300 |
NA |
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 |
|
Quarterly
Data |
2000 |
|
2nd Quarter |
163,200 |
239,500 |
165,900 |
142,500 |
190,800 |
202,400 |
192,600 |
3rd Quarter |
168,800 |
212,800 |
162,200 |
152,300 |
192,700 |
204,100 |
192,600 |
4th Quarter |
172,900 |
241,400 |
180,000 |
148,400 |
210,300 |
212,100 |
195,500 |
2001 |
|
1st Quarter |
169,800 |
242,800 |
170,400 |
154,700 |
206,400 |
211,000 |
N/A |
2nd Quarter |
172,200 |
245,400 |
167,600 |
151,100 |
206,900 |
207,100 |
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: 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
|