Change of U.S. housing consumer price index: 2000-2021

The consumer price of housing in U.S. urban areas increased by over 5 percent in 2021. That was the biggest increase on a year-to-year basis since 2000. Meanwhile, 2009 was the only year in which housing prices decreased. One of the main reasons for that may have been the subprime mortgage crisis of 2007. During that period, the value of new residential construction put in place in the U.S. stagnated.