Abstract
Abstract The development of a statistically adequate set of construction price indexes is the goal of a research effort recently instituted at the Bureau of the Census. This paper describes research done to date on price indexes for single-family houses and indicates plans for future research. Using data from the Bureau's Housing Sales Survey, indexes of the price of new one-family houses sold (including value of site) have been computed by determining the most important characteristics of these houses and estimating, by regression analysis, the price change in houses with a constant “mix” of these characteristics.
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