Chart: Housing costs matter much more to household budgets than short-term lodging costs: Shares of average household personal consumption expenditures devoted to housing vs. short-term travel accommodations, 1979, 2000, and 2016

Figure E

Note: The housing price index includes both long-term rentals as well as imputed rents for owner-occupied housing.

Source: Author’s analysis of Bureau of Economic Analysis National Income and Product Accounts (NIPA) Table 2.5.5

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