Level is calculated after 1989:Q4 benchmark as the previous level, plus the unadjusted transactions, plus capital gains. The unadjusted transactions are calculated as the sum of net investment in residential structures ( FOF series FU105012665) plus land with structures on it ( FOF series FU105010725). Capital gains are calculated using the NSA ZHVI price index (FOF series FI075035263). Data for the past ten years show no significant seasonality.
Last edited on: 11/24/2023