Level is calculated after 1989:Q4 benchmark as the previous level, plus the unadjusted transactions, plus capital gains. The unadjusted transactions are net investment in residential structures ( FOF series FU165012665). Capital gains are calculated as the average of owner-occupied house prices ( FOF series FI075035263) and multi-family house prices ( FOF series FI075035403) plus 15 percent of net investment in residential structures to account for land purchases. Data for the past ten years show no significant seasonality.
Last edited on: 11/24/2023