According to the U.S. Bureau of Labor Statistics, prices for housing are 122.11% higher in 2024 versus 1995 (a $2,442,112,371.97 difference in value).
Between 1995 and 2024: Housing experienced an average inflation rate of 2.79% per year. This rate of change indicates significant inflation. In other words, housing costing $2,000,000,000 in the year 1995 would cost $4,442,112,371.97 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.48% during this same period, inflation for housing was higher.
In the year 1995: Pricing changed by 2.54%, which is below the average yearly change for housing during the 1995-2024 time period. Compared to inflation for all items in 1995 (2.81%), inflation for housing was lower.
Below are calculations of equivalent buying power for Housing, over time, for $2,000,000,000 beginning in 1995. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1995 | $2,000,000,000.00 | 2.54% |
1996 | $2,058,344,991.97 | 2.92% |
1997 | $2,112,130,162.18 | 2.61% |
1998 | $2,160,422,819.84 | 2.29% |
1999 | $2,207,886,418.99 | 2.20% |
2000 | $2,284,263,433.34 | 3.46% |
2001 | $2,375,978,029.95 | 4.02% |
2002 | $2,428,623,244.73 | 2.22% |
2003 | $2,489,455,412.20 | 2.50% |
2004 | $2,553,396,549.04 | 2.57% |
2005 | $2,636,820,560.65 | 3.27% |
2006 | $2,737,033,006.89 | 3.80% |
2007 | $2,823,586,714.34 | 3.16% |
2008 | $2,913,547,852.22 | 3.19% |
2009 | $2,924,234,416.29 | 0.37% |
2010 | $2,913,444,219.91 | -0.37% |
2011 | $2,951,780,921.29 | 1.32% |
2012 | $3,000,464,272.76 | 1.65% |
2013 | $3,062,920,358.57 | 2.08% |
2014 | $3,141,923,415.72 | 2.58% |
2015 | $3,207,196,227.78 | 2.08% |
2016 | $3,286,846,986.89 | 2.48% |
2017 | $3,384,607,492.62 | 2.97% |
2018 | $3,482,269,547.64 | 2.89% |
2019 | $3,582,952,484.58 | 2.89% |
2020 | $3,661,379,346.08 | 2.19% |
2021 | $3,781,917,197.78 | 3.29% |
2022 | $4,052,481,475.72 | 7.15% |
2023 | $4,313,417,275.51 | 6.44% |
2024 | $4,442,112,371.97 | 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 |