Level is calculated after 1989:Q4 benchmark as the previous level, plus the unadjusted transactions, capital gains, and other volume changes. The unadjusted transactions are calculated as the sum of net investment in nonresidental structures ( FOF series FU105013665) and land with nonresidential structures ( FOF series FU105010735). Other volume changes are from unpublished BEA data on nonfinancial corporate business disaster losses on nonresidential structures (a portion of NIPA, Table 5.1 Saving and Investment by Sector, line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 using a commercial real estate price index ( FOF series FI075035503). Data for the past ten years show no significant seasonality.
Last edited on: 01/07/2014