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Data Change: Cross-country - OECD HPI - Rebased to 2015
Thursday, 08 Nov 2018 11:44 ET
By Skylar Bowman
Summary
October 2018 -- For the OECD dataset of house prices, indexes and related indicators, the source has advanced the base year from 2010 to 2015 (48 monthly, 650 quarterly and 679 annual series 1970 to 2018; replaced by 99, 701 and 704 from 1970).
Detail

In response, we have:

  1. Archived the predecessors (2010=100, 1970 to 2018) series by renaming with a specifier of "_10", marking metadata as discontinued, and segregating in the catalog.
  2. Created replacements (2015=100).
  3. Standardized concept codes describing geo scope (whole country, capital city or urban area).
  4. Added:
    • Country of Costa Rica
    • OECD code RPNWSF, sales of newly-built single-family dwellings
    • RPSTSF, stock of newly-built and existing single-family dwellings
    • RPSTMF, stock of newly-built and existing multi-family dwellings
Dataset properties:
  • Data dimensions:
    • Metric:
      • Sales, stock, other housing price index
      • Sales price, rent price, price-to-income ratio, price-to-rent ratio
    • Age of structure: Both, new, existing
    • Type of structure: Both, single-family, multi-family
    • Geographic scope: Whole country, urban area, capital city
  • Analytic forms:
    • Percent change period-over-period at native frequency, i.e., month-over-month, quarter-over-quarter or year-over-year (% M/M, % Q/Q, % Y/Y)
    • Fixed-base index relative to 2015 (Index 2015=100)
  • Seasonal adjustment: Seasonally adjusted (SA) or not (NSA)
  • Geo coverage: 46 countries and three country-aggregates
  • Native frequencies: Monthly, quarterly, annual
  • Start date: As early as 1970 (unchanged)

To uniformly express the "geographic scope" dimension (when included), we have renamed series, and have added three nodes to the catalog. Legacy retrievals will not produce the expected results; instead, we recommend recompiling your baskets. Changes include, for example (old » new):

  • OCPIRPNW01IXOBUM.ITUR » OCPIRPNW01IXOBCNUM.ITUR = Whole country
  • OCP%RPNW01GPUQ.IIDN   » OCP%RPNW01GPUAUQ.IIDN   = Urban area
  • OCP%RP0101GYUA.ISAU   » OCP%RP0101GYCYUA.ISAU   = Capital city

The series reside in the historical catalog (Cross-country datasets » OECD » Real estate) and include, for example:

  • OCPIRPNW01IXOBCNUM.ITUR = Residential real estate: Sales - Newly-built dwellings - All types, (Index 2015=100, NSA) - for Turkey
  • OCP%RPNW01GPUAUQ.IRUS   = Residential real estate: Sales of newly-built dwellings - All types of dwellings - Urban area, (% Q/Q, NSA) - for Russia
  • OCP%HPI_RPI_AVGUA.INOR  = Residential real estate: Standardized price-rent ratio, (Ratio) - for Norway
  • OCPIHPI_YDH_10UA.IESP   = [DISCONTINUED] Price to income ratio, (Index 2010=100) - for Spain

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Other
Related ReleaseOECD House prices and related indicators
SourceOrganisation for Economic Co-operation and Development (OECD)
FrequencyMonthly
GeographyOECD Total
Upcoming
Release DateReference date
02 Aug 2019Aug 2019