Homes on a suburban street on a sunny day

Working Paper

Measuring Housing Services Inflation

Theodore M. Crone
Leonard Nakamura

Revised: January 1999

WP 98-21/R – Recent papers have questioned the accuracy of the Bureau of Labor Statistics' methodology for measuring implicit rents for owner-occupied housing.

A previous version of this working paper was originally published in November 1998.

The authors propose cross-checking the BLS statistics by using data on owner-occupied and rental housing from the American Housing Survey.

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