According to the U.S. Bureau of Labor Statistics, prices for housing are 968.60% higher in 2024 versus 1967 (a $80,294,710,138.20 difference in value).
Between 1967 and 2024: Housing experienced an average inflation rate of 4.24% per year. This rate of change indicates significant inflation. In other words, housing costing $8,289,808,707 in the year 1967 would cost $88,584,518,845.20 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.98% during this same period, inflation for housing was higher.
Below are calculations of equivalent buying power for Housing, over time, for $8,289,808,707 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 | $8,289,808,707.00 | - |
1968 | $8,625,378,174.90 | 4.05% |
1969 | $9,155,660,790.84 | 6.15% |
1970 | $9,801,942,729.02 | 7.06% |
1971 | $10,228,654,521.53 | 4.35% |
1972 | $10,628,437,899.95 | 3.91% |
1973 | $11,084,149,523.03 | 4.29% |
1974 | $12,335,285,070.01 | 11.29% |
1975 | $13,636,134,612.24 | 10.55% |
1976 | $14,477,129,698.46 | 6.17% |
1977 | $15,463,123,937.47 | 6.81% |
1978 | $16,819,901,724.35 | 8.77% |
1979 | $18,866,461,195.24 | 12.17% |
1980 | $21,828,586,745.22 | 15.70% |
1981 | $24,335,000,672.12 | 11.48% |
1982 | $26,091,561,837.42 | 7.22% |
1983 | $26,789,629,187.31 | 2.68% |
1984 | $27,901,979,830.91 | 4.15% |
1985 | $29,010,187,641.56 | 3.97% |
1986 | $29,867,754,059.53 | 2.96% |
1987 | $30,756,391,724.52 | 2.98% |
1988 | $31,908,099,281.02 | 3.74% |
1989 | $33,124,020,748.04 | 3.81% |
1990 | $34,611,297,772.43 | 4.49% |
1991 | $35,978,432,641.65 | 3.95% |
1992 | $37,028,640,791.19 | 2.92% |
1993 | $38,027,063,529.01 | 2.70% |
1994 | $38,986,129,353.93 | 2.52% |
1995 | $39,976,266,425.89 | 2.54% |
1996 | $41,142,473,897.66 | 2.92% |
1997 | $42,217,539,044.82 | 2.61% |
1998 | $43,182,819,119.15 | 2.29% |
1999 | $44,131,527,861.73 | 2.20% |
2000 | $45,658,161,799.02 | 3.46% |
2001 | $47,491,365,373.66 | 4.02% |
2002 | $48,543,644,939.67 | 2.22% |
2003 | $49,759,566,406.69 | 2.50% |
2004 | $51,037,630,367.76 | 2.57% |
2005 | $52,705,120,624.91 | 3.27% |
2006 | $54,708,180,349.97 | 3.80% |
2007 | $56,438,227,384.47 | 3.16% |
2008 | $58,236,382,592.46 | 3.19% |
2009 | $58,449,987,058.70 | 0.37% |
2010 | $58,234,311,175.99 | -0.37% |
2011 | $59,000,590,270.19 | 1.32% |
2012 | $59,973,679,584.61 | 1.65% |
2013 | $61,222,060,147.69 | 2.08% |
2014 | $62,801,183,778.30 | 2.58% |
2015 | $64,105,865,440.99 | 2.08% |
2016 | $65,697,935,424.53 | 2.48% |
2017 | $67,651,985,435.94 | 2.97% |
2018 | $69,604,067,601.70 | 2.89% |
2019 | $71,616,531,557.52 | 2.89% |
2020 | $73,184,138,112.57 | 2.19% |
2021 | $75,593,464,749.59 | 3.29% |
2022 | $81,001,539,579.76 | 7.15% |
2023 | $86,217,159,105.83 | 6.44% |
2024 | $88,584,518,845.20 | 2.75%* |
* 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 | 328.963 |