According to the U.S. Bureau of Labor Statistics, prices for housing are 936.78% higher in 2023 versus 1967 (a $24,824,649,737.63 difference in value).
Between 1967 and 2023: Housing experienced an average inflation rate of 4.26% per year. This rate of change indicates significant inflation. In other words, housing costing $2,650,000,000 in the year 1967 would cost $27,474,649,737.63 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 4.03% during this same period, inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $2,650,000,000 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 | $2,650,000,000.00 | - |
1968 | $2,757,271,364.32 | 4.05% |
1969 | $2,926,786,606.70 | 6.15% |
1970 | $3,133,383,308.35 | 7.06% |
1971 | $3,269,790,104.95 | 4.35% |
1972 | $3,397,588,705.65 | 3.91% |
1973 | $3,543,265,867.07 | 4.29% |
1974 | $3,943,215,892.05 | 11.29% |
1975 | $4,359,057,971.01 | 10.55% |
1976 | $4,627,898,550.72 | 6.17% |
1977 | $4,943,090,954.52 | 6.81% |
1978 | $5,376,811,594.20 | 8.77% |
1979 | $6,031,034,482.76 | 12.17% |
1980 | $6,977,936,031.98 | 15.70% |
1981 | $7,779,160,419.79 | 11.48% |
1982 | $8,340,679,660.17 | 7.22% |
1983 | $8,563,830,584.71 | 2.68% |
1984 | $8,919,415,292.35 | 4.15% |
1985 | $9,273,675,662.17 | 3.97% |
1986 | $9,547,813,593.20 | 2.96% |
1987 | $9,831,884,057.97 | 2.98% |
1988 | $10,200,049,975.01 | 3.74% |
1989 | $10,588,743,128.44 | 3.81% |
1990 | $11,064,180,409.80 | 4.49% |
1991 | $11,501,211,894.05 | 3.95% |
1992 | $11,836,931,534.23 | 2.92% |
1993 | $12,156,096,951.52 | 2.70% |
1994 | $12,462,681,159.42 | 2.52% |
1995 | $12,779,197,901.05 | 2.54% |
1996 | $13,151,999,000.50 | 2.92% |
1997 | $13,495,664,667.67 | 2.61% |
1998 | $13,804,235,382.31 | 2.29% |
1999 | $14,107,508,745.63 | 2.20% |
2000 | $14,595,527,236.38 | 3.46% |
2001 | $15,181,546,726.64 | 4.02% |
2002 | $15,517,928,535.73 | 2.22% |
2003 | $15,906,621,689.16 | 2.50% |
2004 | $16,315,179,910.04 | 2.57% |
2005 | $16,848,225,887.06 | 3.27% |
2006 | $17,488,543,228.39 | 3.80% |
2007 | $18,041,586,706.65 | 3.16% |
2008 | $18,616,402,298.85 | 3.19% |
2009 | $18,684,685,157.42 | 0.37% |
2010 | $18,615,740,129.94 | -0.37% |
2011 | $18,860,696,276.86 | 1.32% |
2012 | $19,171,763,368.32 | 1.65% |
2013 | $19,570,832,708.65 | 2.08% |
2014 | $20,075,630,559.72 | 2.58% |
2015 | $20,492,697,651.17 | 2.08% |
2016 | $21,001,634,057.97 | 2.48% |
2017 | $21,626,284,482.76 | 2.97% |
2018 | $22,250,305,847.08 | 2.89% |
2019 | $22,893,629,435.28 | 2.89% |
2020 | $23,394,745,627.19 | 2.19% |
2021 | $24,164,934,157.92 | 3.29% |
2022 | $25,893,731,384.31 | 7.15% |
2023 | $27,474,649,737.63 | 6.11%* |
* 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 |
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 | 319.168 |