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