Unexpectedly Intriguing!
December 16, 2015

According to the U.S. Census Bureau's monthly data on the median sale prices of new homes in the U.S., the median sale prices of new homes in the U.S. through October 2015 are at the second highest level they have ever been, having fallen from the highest they have ever been in September 2015. Not uncoincidentally, those prices have come as median household income in the U.S. has reached the highest levels it ever has during those two months. The chart below shows the relationship between the two since 1999, with monthly data from December 2000 through October 2015.

U.S. Median New Home Sale Prices vs Median Household Income, 1999/December 2000 through October 2015

Let's zoom out next to look at the bigger picture for the relationship between median U.S. new home sale prices and median household income, looking at all the available data going back to 1967.

U.S. Median New Home Sale Prices vs Median Household Income, 1967-2014/December 2000 through October 2015

The median new home sale price data is typically revised by the U.S. Census Bureau at least three times in the months immediately following when it is first released, so the three most recent data points shown in the charts above are subject to change.

For those who would like to consider what the data might look like in terms of real, inflation adjusted, constant year U.S. dollars, the U.S. Bureau of Labor Statistics has a calculator where you can convert the prices provided in the data sources listed below into the terms of the U.S. dollars of the year of your choice. And if you would prefer to use monthly inflation data, the inflation adjustment math is super easy!

Data Sources

U.S. Census Bureau. Median and Average Sales Prices of New Homes Sold in the United States. [Excel Spreadsheet]. Accessed 15 December 2015.

Sentier Research. Household Income Trends: October 2015. [PDF Document]. 4 December 2015. Accessed 15 December 2015. [Note: We've converted all data to be in terms of current (nominal) U.S. dollars.]

Labels:

About Political Calculations



blog advertising
is good for you

Welcome to the blogosphere's toolchest! Here, unlike other blogs dedicated to analyzing current events, we create easy-to-use, simple tools to do the math related to them so you can get in on the action too! If you would like to learn more about these tools, or if you would like to contribute ideas to develop for this blog, please e-mail us at:

ironman at politicalcalculations.com

Thanks in advance!

Recent Posts

Applications

This year, we'll be experimenting with a number of apps to bring more of a current events focus to Political Calculations - we're test driving the app(s) below!

Most Popular Posts
Quick Index

Site Data

This site is primarily powered by:

This page is powered by Blogger. Isn't yours?

Visitors since December 6, 2004:

CSS Validation

Valid CSS!

RSS Site Feed

AddThis Feed Button

JavaScript

The tools on this site are built using JavaScript. If you would like to learn more, one of the best free resources on the web is available at W3Schools.com.

Other Cool Resources

Blog Roll

Market Links
Charities We Support
Recommended Reading
Recommended Viewing
Recently Shopped

Seeking Alpha Certified

Archives
Legal Disclaimer

Materials on this website are published by Political Calculations to provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this website is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate website information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.