According to the U.S. Bureau of Labor Statistics, prices for housing were 17.81% higher in 2021 versus 2014 (a $0.18 difference in value).
Between 2014 and 2021: Housing experienced an average inflation rate of 2.37% per year. This rate of change indicates significant inflation. In other words, housing costing $1 in the year 2014 would cost $1.18 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.48% during this same period, inflation for housing was higher.
In the year 2014: Pricing changed by 2.58%, which is above the average yearly change for housing during the 2014-2021 time period. Compared to inflation for all items in 2014 (1.62%), inflation for housing was higher.
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 $1 beginning in 2014. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|