CPI Of New Single Family Houses Sold Based On 2005 Price

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The Construction Price Indexes (CPI) provide price indexes for single-family houses sold and for single-family houses under construction. The houses sold index incorporates the value of the land and is available quarterly at the national level and annually by region. The indexes are based on data funded by The Department of Housing and Urban Development (HUD) and collected in the Survey of Construction (SOC).

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Complexity

The Laspeyres Price Index, a price index calculated from a set (“basket”) of fixed quantities of a finite list of goods. Let the price index be one in the first period, which is then the base period. Then the value of the index in the second period is equal to this ratio: the total cost of the basket of goods in period two divided by the total cost of exactly the same basket in period one. Fisher Ideal Price Index is the geometric average of the Laspeyres and Paasche price indexes for the same time period.

The purpose of the Survey of Construction (SOC) is to provide national and regional statistics on starts and completions of new single-family and multifamily housing units and statistics on sales of new single-family houses in the United States. The United States Code, Title 13, authorizes this survey and provides for voluntary responses. The Department of Housing and Urban Development partially funds this survey. The SOC also provides statistics on characteristics of new privately-owned residential structures in the United States. Data included are various characteristics of new single-family houses completed, new multifamily housing completed, new single-family houses sold, and new contractor-built houses started.

SOC is a national sample survey of new houses selected from building permits and a canvassing of areas not requiring permits. Builders or owners of the houses selected are interviewed for information including start, sale, and completion dates, and more than 40 physical and financial characteristics of the houses. The characteristics are collected throughout the construction process, thus the highest response rate is associated with completed homes. The Department of Housing and Urban Development (HUD) funds the collection of these characteristics and allows the Census Bureau to provide the data to the public free of charge. Available geography on the files includes the nine Census Divisions (DIV) and whether a house is inside or outside a metropolitan area (METRO). All new houses are classified into one of four categories (CAT): (1) houses built for sale (whether sold or not) where the house and land are sold as a package; (2) contractor‐built houses where the owner of the land hires a general contractor to build the house; (3) owner‐built houses where the owner of the land builds the house him/herself or acts as the general contractor; and (4) houses built for rent. Only houses “built for sale” can have a sale date. The dataset deals with details of single family houses sold.

Date Created

2015-05-20

Last Modified

2016-07-15

Version

2016-07-15

Update Frequency

Monthly

Temporal Coverage

1963-2016

Spatial Coverage

United States

Source

John Snow Labs => Data.gov

Source License URL

John Snow Labs Standard License

Source License Requirements

N/A

Source Citation

N/A

Keywords

Family Houses, Sale Price Houses, percent Change of Price, price Index, Constant Quality, Laspeyres Price Index, Fisher Price Index

Other Titles

Construction Price Indexes Of New Single Family Houses, Construction Price Indexes Houses Sold For The Year, Price Indexes of New Single Family Houses Under Construction on 2005 Price

Name Description Type Constraints
YearConstruction price index for the yeardate-
Average_Sales_Price_Of_Houses_Actually_Sold_In_USAverage selling price of the house for the yearnumberlevel : Ratio
Percent_Change_AnnualPercentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Average_Sales_Price_Of_Typical_2005_House_In_USAverage sale price of similar kind of a house in the yearnumberlevel : Ratio
Percent_Change_Annual_Based_On_2005Percentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Price_Index_AnnualPrice index of the house soldnumberlevel : Ratio
Average_Sales_Price_Of_Houses_Actually_Sold_In_Northeast_RegionAverage selling price of the house for the year in the Northeast regionnumberlevel : Ratio
Percent_Change_For_Houses_Actually_Sold_In_Northeast_RegionPercentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Average_Sales_Price_Of_Typical_2005_House_In_Northeast_RegionAverage sale price of similar kind of a house in the yearnumberlevel : Ratio
Percent_Change_Northeast_Region_Based_On_2005Percentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Price_Index_Northeast_RegionPrice index of the house soldnumberlevel : Ratio
Average_Sales_Price_Of_Houses_Actually_Sold_In_Midwest_RegionAverage selling price of the house for the year in the Midwest regionnumberlevel : Ratio
Percent_Change_Midwest_RegionPercentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Average_Sales_Price_Of_Typical_2005_House_In_Midwest_RegionAverage sale price of similar kind of a house in the yearnumberlevel : Ratio
Percent_Change_Midwest_Region_Based_On_2005Percentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Price_Index_Midwest_RegionPrice index of the house soldnumberlevel : Ratio
Average_Sales_Price_Of_Houses_Actually_Sold_In_South_RegionAverage selling price of the house for the year in the Southeast regionnumberlevel : Ratio
Percent_Change_In_South_RegionPercentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Average_Sales_Price_Of_Typical_2005_House_In_South_RegionAverage sale price of similar kind of a house in the yearnumberlevel : Ratio
Percent_Change_In_South_Region_Based_On_2005Percentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Price_Index_In_South_RegionPrice index of the house soldnumberlevel : Ratio
Average_Sales_Price_Of_Houses_Actually_Sold_In_West_RegionAverage selling price of the house for the year in the West regionnumberlevel : Ratio
Percent_Change_In_West_RegionPercentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Average_Sales_Price_Of_Typical_2005_House_In_West_RegionAverage sale price of similar kind of a house in the yearnumberlevel : Ratio
Percent_Change_In_West_Region_Based_On_2005Percentage change in the price of the house for the year compared to the price of house sold in 2005numberlevel : Ratio
Price_Index_In_West_RegionPrice index of the house soldnumberlevel : Ratio
YearAverage_Sales_Price_Of_Houses_Actually_Sold_In_USPercent_Change_AnnualAverage_Sales_Price_Of_Typical_2005_House_In_USPercent_Change_Annual_Based_On_2005Price_Index_AnnualAverage_Sales_Price_Of_Houses_Actually_Sold_In_Northeast_RegionPercent_Change_For_Houses_Actually_Sold_In_Northeast_RegionAverage_Sales_Price_Of_Typical_2005_House_In_Northeast_RegionPercent_Change_Northeast_Region_Based_On_2005Price_Index_Northeast_RegionAverage_Sales_Price_Of_Houses_Actually_Sold_In_Midwest_RegionPercent_Change_Midwest_RegionAverage_Sales_Price_Of_Typical_2005_House_In_Midwest_RegionPercent_Change_Midwest_Region_Based_On_2005Price_Index_Midwest_RegionAverage_Sales_Price_Of_Houses_Actually_Sold_In_South_RegionPercent_Change_In_South_RegionAverage_Sales_Price_Of_Typical_2005_House_In_South_RegionPercent_Change_In_South_Region_Based_On_2005Price_Index_In_South_RegionAverage_Sales_Price_Of_Houses_Actually_Sold_In_West_RegionPercent_Change_In_West_RegionAverage_Sales_Price_Of_Typical_2005_House_In_West_RegionPercent_Change_In_West_Region_Based_On_2005Price_Index_In_West_Region
1963193003470011.722300377009.5197003490014168003600014.420800323008.3
1965215004.935600212229005377005.39.52280010.1350003.914189004.4371000.814.9232000332000.68.5
1966233008.4371004.212.52520010402006.610.1246007.9370005.714.8202006.9389004.915.6255009.93420038.8
1969279004.9432007.714.53340011498008.512.6299004.9448009.317.9253007.2439006.617.6274001.13860099.9
1972305007.8498006.416.8357003.8610007.215.4314005494006.219.82850010519006.120.8305008.9433006.411.1
19764800012.7712008.724500006.4811004.220.4486001269200927.74380010.670300728.25190017.26850011.217.6
1964205006.2349000.611.821800-2.235800-59207005.133700-3.413.5181007.7368002.214.82320011.5330002.28.5
1964205006.2349000.611.821800-2.235800-59207005.133700-3.413.5181007.7368002.214.82320011.5330002.28.5
1964205006.2349000.611.821800-2.235800-59207005.133700-3.413.5181007.7368002.214.82320011.5330002.28.5
1964205006.2349000.611.821800-2.235800-59207005.133700-3.413.5181007.7368002.214.82320011.5330002.28.5
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