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 nonresidential structures ( FOF series FU165013665). Capital gains are calculated using a commercial real estate price index ( FOF series FI075035503) plus 15 percent of net investment in nonresidential structures to account for land purchases. Data for the past ten years show no significant seasonality.
Last edited on: 03/06/2023