According to the U.S. Bureau of Labor Statistics, prices for housing were 17.34% higher in 2021 versus 2015 (a $0.17 difference in value).
Between 2015 and 2021: Housing experienced an average inflation rate of 2.70% per year. This rate of change indicates significant inflation. In other words, housing costing $1 in the year 2015 would cost $1.17 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.16% during this same period, inflation for housing was higher.
In the year 2015: Pricing changed by 2.08%, which is below the average yearly change for housing during the 2015-2021 time period. Compared to inflation for all items in 2015 (0.12%), 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 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|