Level is calculated after 1989:Q4 benchmark as the previous level, plus the unadjusted transactions, plus capital gains. The unadjusted transactions are net investment in residential structures (FOF series FU165012665). Capital gains are calculated as the average of owner-occupied house prices (FOF series FI075035263) and multi-family house prices (FOF series FI075035403) plus 15 percent of net investment in residential structures to account for land purchases. Data for the past ten years show no significant seasonality.
Last edited on: 11/24/2023