New Housing Price Index (NHPI)

New housing price of residential property, weight

New housing price refers to the contractors' selling prices of new residential houses. Changes over time in these prices can be measured when detailed specifications pertaining to each house remain the same between two consecutive periods.

Residential property refers to all land and structures intended for private dwelling purposes, whether on a permanent or a temporary basis. A residential property may have more than one owner.

The data for this variable are reported using the following measurements:

• Percentage