Increase In Housing Quality And Its Effect On Home Values: 1940-2010

Quality in Housing and its effect on Home Value: 1940-2010 Prices are in 2010 dollars adjusted for inflation using the CPI $250.000 $200,000 Real Median Home Values Factors in changes in homes sizes and building technology, also covers the housing markets in both rural and urban areas $150,000 $100,000 Regional bubble California Regional bubble West and East Coasts $50,000 Levittown built in Long Island, New York 1947-1951 Freddie Mac created 1970 Shiller's Housing Price Index Fannie Mae created 1938 Estimates the price of a standard, unchanging house located in large metro areas. GI. Bill (2.4 million low interest, zero-down payment loans) 1944-1952 1940 1950 1960 1970 1980 1990 2000 2010 Number of households 34 million 112 million Median square feet of floor area in new single-family houses -1,000 2,135 Average household size 3.7 2.6 Homes with complete plumbing facilities (hot and cold piped water, a bath-tub or shower, and a flush toilet) 55% 99% 1940 2000 Data: Robert Shiller, IrrationalExuberance.com; U.S. Census Bureau FHFA Research Paper titled "An Approach for Calculating Reliable State and National House Price Statistics" VisualizingEconomics.com Housing Price in 2010 dollars Quality in Housing and its effect on Home Value: 1940-2010 Prices are in 2010 dollars adjusted for inflation using the CPI $250.000 $200,000 Real Median Home Values Factors in changes in homes sizes and building technology, also covers the housing markets in both rural and urban areas $150,000 $100,000 Regional bubble California Regional bubble West and East Coasts $50,000 Levittown built in Long Island, New York 1947-1951 Freddie Mac created 1970 Shiller's Housing Price Index Fannie Mae created 1938 Estimates the price of a standard, unchanging house located in large metro areas. GI. Bill (2.4 million low interest, zero-down payment loans) 1944-1952 1940 1950 1960 1970 1980 1990 2000 2010 會 會 會 1 Number of households 34 million 112 million Median square feet of floor area in new single-family houses -1,000 2,135 Average household size 3.7 2.6 Homes with complete plumbing facilities (hot and cold piped water, a bath-tub or shower, and a flush toilet) 55% 99% 1940 2000 Data: Robert Shiller, IrrationalExuberance.com; U.S. Census Bureau FHFA Research Paper titled "An Approach for Calculating Reliable State and National House Price Statistics" VisualizingEconomics.com Housing Price in 2010 dollars Quality in Housing and its effect on Home Value: 1940-2010 Prices are in 2010 dollars adjusted for inflation using the CPI $250.000 $200,000 Real Median Home Values Factors in changes in homes sizes and building technology, also covers the housing markets in both rural and urban areas $150,000 $100,000 Regional bubble California Regional bubble West and East Coasts $50,000 Levittown built in Long Island, New York 1947-1951 Freddie Mac created 1970 Shiller's Housing Price Index Fannie Mae created 1938 Estimates the price of a standard, unchanging house located in large metro areas. GI. Bill (2.4 million low interest, zero-down payment loans) 1944-1952 1940 1950 1960 1970 1980 1990 2000 2010 會 會 會 1 Number of households 34 million 112 million Median square feet of floor area in new single-family houses -1,000 2,135 Average household size 3.7 2.6 Homes with complete plumbing facilities (hot and cold piped water, a bath-tub or shower, and a flush toilet) 55% 99% 1940 2000 Data: Robert Shiller, IrrationalExuberance.com; U.S. Census Bureau FHFA Research Paper titled "An Approach for Calculating Reliable State and National House Price Statistics" VisualizingEconomics.com Housing Price in 2010 dollars Quality in Housing and its effect on Home Value: 1940-2010 Prices are in 2010 dollars adjusted for inflation using the CPI $250.000 $200,000 Real Median Home Values Factors in changes in homes sizes and building technology, also covers the housing markets in both rural and urban areas $150,000 $100,000 Regional bubble California Regional bubble West and East Coasts $50,000 Levittown built in Long Island, New York 1947-1951 Freddie Mac created 1970 Shiller's Housing Price Index Fannie Mae created 1938 Estimates the price of a standard, unchanging house located in large metro areas. GI. Bill (2.4 million low interest, zero-down payment loans) 1944-1952 1940 1950 1960 1970 1980 1990 2000 2010 會 會 會 1 Number of households 34 million 112 million Median square feet of floor area in new single-family houses -1,000 2,135 Average household size 3.7 2.6 Homes with complete plumbing facilities (hot and cold piped water, a bath-tub or shower, and a flush toilet) 55% 99% 1940 2000 Data: Robert Shiller, IrrationalExuberance.com; U.S. Census Bureau FHFA Research Paper titled "An Approach for Calculating Reliable State and National House Price Statistics" VisualizingEconomics.com Housing Price in 2010 dollars Quality in Housing and its effect on Home Value: 1940-2010 Prices are in 2010 dollars adjusted for inflation using the CPI $250.000 $200,000 Real Median Home Values Factors in changes in homes sizes and building technology, also covers the housing markets in both rural and urban areas $150,000 $100,000 Regional bubble California Regional bubble West and East Coasts $50,000 Levittown built in Long Island, New York 1947-1951 Freddie Mac created 1970 Shiller's Housing Price Index Fannie Mae created 1938 Estimates the price of a standard, unchanging house located in large metro areas. GI. Bill (2.4 million low interest, zero-down payment loans) 1944-1952 1940 1950 1960 1970 1980 1990 2000 2010 會 會 會 1 Number of households 34 million 112 million Median square feet of floor area in new single-family houses -1,000 2,135 Average household size 3.7 2.6 Homes with complete plumbing facilities (hot and cold piped water, a bath-tub or shower, and a flush toilet) 55% 99% 1940 2000 Data: Robert Shiller, IrrationalExuberance.com; U.S. Census Bureau FHFA Research Paper titled "An Approach for Calculating Reliable State and National House Price Statistics" VisualizingEconomics.com Housing Price in 2010 dollars Quality in Housing and its effect on Home Value: 1940-2010 Prices are in 2010 dollars adjusted for inflation using the CPI $250.000 $200,000 Real Median Home Values Factors in changes in homes sizes and building technology, also covers the housing markets in both rural and urban areas $150,000 $100,000 Regional bubble California Regional bubble West and East Coasts $50,000 Levittown built in Long Island, New York 1947-1951 Freddie Mac created 1970 Shiller's Housing Price Index Fannie Mae created 1938 Estimates the price of a standard, unchanging house located in large metro areas. GI. Bill (2.4 million low interest, zero-down payment loans) 1944-1952 1940 1950 1960 1970 1980 1990 2000 2010 會 會 會 1 Number of households 34 million 112 million Median square feet of floor area in new single-family houses -1,000 2,135 Average household size 3.7 2.6 Homes with complete plumbing facilities (hot and cold piped water, a bath-tub or shower, and a flush toilet) 55% 99% 1940 2000 Data: Robert Shiller, IrrationalExuberance.com; U.S. Census Bureau FHFA Research Paper titled "An Approach for Calculating Reliable State and National House Price Statistics" VisualizingEconomics.com Housing Price in 2010 dollars