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National Income and Product Accounts Table
Table 7.4.5. Housing Sector Output, Gross Value Added, and Net Value Added
[Millions of dollars]

Cautionary note on the use of data in millions of dollars -- The tables provided include estimates in millions of dollars for NIPA series that appear regularly in the national income and product account (NIPA) tables published in the Survey of Current Business. The Bureau of Economic Analysis (BEA) generally does not include estimates at this level of precision in the published tables because the associated sampling and nonsampling errors are larger than this implied level of precision. Compared with the published aggregates, the million-dollar estimates are generally not any more accurate.
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Line      2006       2007   
1Housing output 1 1,312,0441,377,618
2   Nonfarm housing1,297,4361,362,401
3      Owner-occupied1,020,2101,063,302
4      Tenant-occupied277,226299,099
5   Farm housing14,60815,217
6Less: Intermediate goods and services
    consumed		273,721270,750
7Equals: Gross housing value added1,038,3231,106,868
8               Nonfarm housing1,025,7291,093,632
9                  Owner-occupied811,292857,806
10                  Tenant-occupied214,437235,826
11               Farm housing12,59313,235
12Less: Consumption of fixed capital259,393270,249
13Equals: Net housing value added 2 778,929836,619
14               Compensation of employees13,31013,953
15               Taxes on production and
                   imports		215,158226,133
16               Less: Subsidies 3 30,41837,267
17               Net operating surplus580,879633,799
18                  Net interest562,513619,909
19                  Current transfer
                      payments		11,7397,614
20                  Proprietors' income
                      with inventory valuation and capital
                      consumption adjustments		5,2548,788
21                  Rental income of
                      persons with capital consumption
                      adjustment		14,07610,795
22                  Corporate profits
                      with inventory valuation and capital
                      consumption adjustments		1,7602,192
23                  Current surplus of
                      government enterprises 3 		-14,463-15,498
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