According to the U.S. Bureau of Labor Statistics, prices for housing were 21.82% higher in 2020 versus 2012 (a $1.75 difference in value).
Between 2012 and 2020: Housing experienced an average inflation rate of 2.50% per year. This rate of change indicates significant inflation. In other words, housing costing $8 in the year 2012 would cost $9.75 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.49% during this same period, inflation for housing was higher.
In the year 2012: Pricing changed by 1.65%, which is below the average yearly change for housing during the 2012-2020 time period. Compared to inflation for all items in 2012 (2.07%), inflation for housing was lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Housing:
Below are calculations of equivalent buying power for Housing, over time, for $8 beginning in 2012. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|