Level is calculated after 1989:Q4 benchmark as the previous level, plus net investment in residential structures ( FOF series FU115012665), other volume changes, and capital gains. Other volume changes are equal to unpublished BEA data on nonfinancial noncorporate business disaster losses on residential structures (a portion of NIPA Table 5.1 Saving and Investment by Sector, line 60, Disaster losses, Domestic business), with the opposite sign. Capital gains are calculated as the weighted average of owner-occupied house prices ( FOF series FI075035263) and multi-family house prices ( FOF series FI075035403), where owner-occupied prices are weighted 62 percent and multi-family prices are weighted 38 percent. Data for the past ten years show no significant seasonality.
Last edited on: 09/04/2024