ivgnnm's Journal

Real home price indexes
March 30, 2006

Figure 1. Real home price indexes for the United States 1890-2005 (Shiller 2005), Amsterdam 1628-1973 (Eichholtz 1997) and Norway 1819-1989 (Eitrheim and Erlandsen 2004)

Figure 2. U. S. real home price index 1890-2005 (Shiller, 2005, updated) and U.S. unemployment rate 1890-1930, source: Bureau of Labor Statistics, Current Population Survey, and, before 1930, Romer (1986).

Figure 3. U.S. real rent of primary residence, January, 1913-2005 (Bureau of Labor Statistics) and real home price, 1913-2005, Shiller 2005.

Figure 4. Real interest rate is defined as long-term government bond yield described in (Shiller 2005), minus the rate of change of the consumer price index for the preceding year. The index of the rent/price ratio is defined as the U.S. consumer price index for rent of primary residence, 1982-4=100, divided by the Shiller [2005] U.S. home price index, and the result rescaled to 1980=1.

Figure 5: Residential investment as a share of GDP 1929-2004 from National Income and Product Accounts, Table 1.1.10, and real home price index for the United States, Shiller [2005].
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