According to the U.S. Bureau of Labor Statistics, prices for housing are 971.07% higher in 2024 versus 1967 (a $58,264,112,943.53 difference in value).
Between 1967 and 2024: Housing experienced an average inflation rate of 4.25% per year. This rate of change indicates significant inflation. In other words, housing costing $6,000,000,000 in the year 1967 would cost $64,264,112,943.53 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.99% during this same period, inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $6,000,000,000 beginning in 1967. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1967 | $6,000,000,000.00 | - |
1968 | $6,242,878,560.72 | 4.05% |
1969 | $6,626,686,656.67 | 6.15% |
1970 | $7,094,452,773.61 | 7.06% |
1971 | $7,403,298,350.82 | 4.35% |
1972 | $7,692,653,673.16 | 3.91% |
1973 | $8,022,488,755.62 | 4.29% |
1974 | $8,928,035,982.01 | 11.29% |
1975 | $9,869,565,217.39 | 10.55% |
1976 | $10,478,260,869.57 | 6.17% |
1977 | $11,191,904,047.98 | 6.81% |
1978 | $12,173,913,043.48 | 8.77% |
1979 | $13,655,172,413.79 | 12.17% |
1980 | $15,799,100,449.78 | 15.70% |
1981 | $17,613,193,403.30 | 11.48% |
1982 | $18,884,557,721.14 | 7.22% |
1983 | $19,389,805,097.45 | 2.68% |
1984 | $20,194,902,548.73 | 4.15% |
1985 | $20,997,001,499.25 | 3.97% |
1986 | $21,617,691,154.42 | 2.96% |
1987 | $22,260,869,565.22 | 2.98% |
1988 | $23,094,452,773.61 | 3.74% |
1989 | $23,974,512,743.63 | 3.81% |
1990 | $25,050,974,512.74 | 4.49% |
1991 | $26,040,479,760.12 | 3.95% |
1992 | $26,800,599,700.15 | 2.92% |
1993 | $27,523,238,380.81 | 2.70% |
1994 | $28,217,391,304.35 | 2.52% |
1995 | $28,934,032,983.51 | 2.54% |
1996 | $29,778,110,944.53 | 2.92% |
1997 | $30,556,221,889.06 | 2.61% |
1998 | $31,254,872,563.72 | 2.29% |
1999 | $31,941,529,235.38 | 2.20% |
2000 | $33,046,476,761.62 | 3.46% |
2001 | $34,373,313,343.33 | 4.02% |
2002 | $35,134,932,533.73 | 2.22% |
2003 | $36,014,992,503.75 | 2.50% |
2004 | $36,940,029,985.01 | 2.57% |
2005 | $38,146,926,536.73 | 3.27% |
2006 | $39,596,701,649.18 | 3.80% |
2007 | $40,848,875,562.22 | 3.16% |
2008 | $42,150,344,827.59 | 3.19% |
2009 | $42,304,947,526.24 | 0.37% |
2010 | $42,148,845,577.21 | -0.37% |
2011 | $42,703,463,268.37 | 1.32% |
2012 | $43,407,766,116.94 | 1.65% |
2013 | $44,311,319,340.33 | 2.08% |
2014 | $45,454,257,871.06 | 2.58% |
2015 | $46,398,560,719.64 | 2.08% |
2016 | $47,550,869,565.22 | 2.48% |
2017 | $48,965,172,413.79 | 2.97% |
2018 | $50,378,050,974.51 | 2.89% |
2019 | $51,834,632,683.66 | 2.89% |
2020 | $52,969,235,382.31 | 2.19% |
2021 | $54,713,058,470.76 | 3.29% |
2022 | $58,627,316,341.83 | 7.15% |
2023 | $62,402,278,860.57 | 6.44% |
2024 | $64,264,112,943.53 | 2.98%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Housing:
Year | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 30.785 | 32.031 | 34.000 | 36.400 | 37.985 | 39.469 | 41.162 | 45.808 | 50.638 | 53.762 | 57.423 | 62.462 | 70.062 | 81.062 | 90.369 | 96.892 | 99.485 | 103.615 | 107.731 | 110.915 | 114.215 | 118.492 | 123.008 | 128.531 | 133.608 | 137.508 | 141.215 | 144.777 | 148.454 | 152.785 | 156.777 | 160.362 | 163.885 | 169.554 | 176.362 | 180.269 | 184.785 | 189.531 | 195.723 | 203.162 | 209.586 | 216.264 | 217.057 | 216.256 | 219.102 | 222.715 | 227.351 | 233.215 | 238.060 | 243.973 | 251.229 | 258.478 | 265.952 | 271.773 | 280.720 | 300.803 | 320.172 | 329.724 |