Real building cost index

Real building costs go from 55 in 1940 up to 100 in 1970s, then back down to 80 by 1990, then slowly back up to 100 in 2020.

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U.S. Home Price and Related data, for Figure 3.1 in Robert J. Shiller, Irrational Exuberance, 3rd. Edition, Princeton University Press, 2015, as updated by author

Chart: Brandon Istenes / Rent & RentierCreated with Datawrapper