Year Index
1951 2,799.16
1952 2,973.32
1953 3,139.44
1954 3,155.64
1955 3,301.44
1956 3,532.36
1957 3,641.72
1958 3,673.80
1959 3,855.80
1960 4,007.12
1961 4,086.76
1962 4,291.40
1963 4,396.64
1964 4,576.32
1965 4,658.72
1966 4,938.36
1967 5,213.44
1968 5,571.76
1969 5,893.76
1970 6,186.24
Year Index
1971 6,497.08
1972 7,133.80
1973 7,580.16
1974 8,030.76
1975 8,630.92
1976 9,226.48
1977 9,779.44
1978 10,556.03
1979 11,479.46
1980 12,513.46
1981 13,773.10
1982 14,531.34
1983 15,239.24
1984 16,135.07
1985 16,822.51
1986 17,321.82
1987 18,426.51
1988 19,334.04
1989 20,099.55
1990 21,027.98
Year Index
1991 21,811.60
1992 22,935.42
1993 23,132.67
1994 23,753.53
1995 24,705.66
1996 25,913.90
1997 27,426.00
1998 28,861.44
1999 30,469.84
2000 32,154.82
2001 32,921.92
2002 33,252.09
2003 34,064.95
2004 35,648.55
ssa.gov
Housing Share of Consumption and Relative Price
Housing Share
Rental Price
Overall Price
of Consumption
Index
Index
1951
13.9%
100.0
100.0
1961
16.6%
126.9
114.8
1971-72
17.4%
160.4
154.6
1982-84
25.2%
323.6
349.6
1993-95
26.8%
498.4
501.8
cepr.net
Mish according to those stats wages have increase about 10 fold between 1953 and 2004. Home prices were about $5,000-$6,000 in 1953. I am looking for a link to prove it.If wages have gone up 10 times then houses should still sell for 50,000 right?? 10 times the 1953 price. But wait 2004 prices on average were no doubt about $150,000 nationwide. Still looking for links. Will follow up. |
