According to the U.S. Bureau of Labor Statistics, prices for housing were 2.02% higher in 2020 versus 2019 (a $0.02 difference in value).
Between 2019 and 2020: Housing experienced an average inflation rate of 2.02% per year. This rate of change indicates significant inflation. In other words, housing costing $1 in the year 2019 would cost $1.02 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.11% during this same period, inflation for housing was higher.
In the year 2019: Pricing changed by 2.89%, which is above the average yearly change for housing during the 2019-2020 time period. Compared to inflation for all items in 2019 (1.81%), inflation for housing was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Housing:
Below are calculations of equivalent buying power for Housing, over time, for $1 beginning in 2019. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|