Back in 1940, the U.S. conducted its first housing census. At that time, the median value of a single-family home in the United States was only $30,600. Sixty years later, that number nearly quadrupled to $119,600 (after adjusting for inflation). The good news is that every decade saw an increase in the value of single-family homes up to the year 2000.
New home construction tells a different tale. The average sales price of new home construction in May 1975 was $43,200. This number grew to $263,000 by May of this year. However, new home construction hit its peak in 2007, when the average new home price hit $329,000. Though this number has varied greatly since then, it will be interesting to see how, if, and when history will be able to repeat itself.
