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Author: Hafiz A. Pasha
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 296
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Book Description
Author: Hafiz A. Pasha
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 296
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Book Description
Author: Arthur L. Wright
Publisher:
ISBN:
Category : House selling
Languages : en
Pages : 15
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Book Description
Author: Liwa Rachel Ngai
Publisher:
ISBN:
Category :
Languages : en
Pages : 39
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Book Description
Author: Kenneth T. Rosen
Publisher: MIT Press (MA)
ISBN: 9780262180917
Category : Construction industry
Languages : en
Pages : 167
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Book Description
Edward Brooke, who served as the ranking minority member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, writes that &"Kenneth Rosen has in this volume provided a unique set of analyses concerning the causes and costs of the seasonal cycle in new home production. &"Rosen begins his work by carefully examining the pattern of seasonal fluctuations in housing markets. He finds that seasonal fluctuations are still a pervasive characteristic of housing markets in nearly all parts of the country. This seasonal decline in activity leads to substantial unemployment and underutilization of capital resources in winter periods. In turn this reduces the efficiency of housing construction and so adds to cost pressures in the housing market. &"Rosen then goes on to challenge the conventional wisdom that bad weather is the prime cause of seasonality. He argues that a seasonal peak in the demand for housing, as reflected in the summer surge in household moves and marriages, is the primary cause of the seasonal pattern observed in the housing market. This careful insight into the demand and supply elements of seasonality should provide policymakers with the knowledge needed to moderate at least some of the cost pressures facing the housing market. &"The policy portion of this work focuses on several ways in which the costs of seasonality can be moderated. The author first suggests modifications of the state unemployment insurance and the workmen's compensation systems which would improve the efficiency of the industries' decision-making process with respect to the seasonal problem. Second, he suggests ways in which the seasonal pattern of demand could be shifted and winter home building encouraged. His analysis of the Canadian and Norwegian Winter Incentive Programs indicates that a small economic incentive can alter the seasonal pattern of production and lead to a reduction in the winter unemployment problem.... &"This book follows on several other important policy proposals authored by Rosen which have received national attention, thus contributing to his growing reputation as one of our leading housing and urban policy analysts. His talent for translating economic research into practical housing policy proposals has prompted members of Congress and cabinet officers to seek his counsel, though he is not yet thirty years of age. The impact of his thinking on our nation's housing policies in yeras to come is likely to be profound.&" Almost sixty years ago, Herbert Hoover, then a member of the Commission on Seasonal Operation of the Construction Industries, noted that &"bad weather is not the principal cause of seasonal idleness in construction.&" It is rather &"a matter of custom and habit not climatic necessity.&" Given the advances in building technology that have been made since then, this is even more true today. Rosen urges the nation to break the &"habit.&"
Author: Leland S. Burns
Publisher: Springer Science & Business Media
ISBN: 1468451618
Category : Business & Economics
Languages : en
Pages : 218
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Book Description
This book's title betrays at once that it belongs in the forecast literature. Peering into the future is a notoriously treacherous venture. Nevertheless, it has become a prac tice endemic to the business and government worlds as well as to academia, especially economics. We like to be lieve that the enormous growth of forecasting in the face of some disappointments reflects real needs of decision makers (as well as the general public's well-warranted curiosity about the future). Fashion alone could hardly explain the sustained increase in the market for forecast services during the past few decades. Some professionals insist on fine distinctions be tween the forecast, the projection, the prediction-and the prophecy. The differences are more semantic than real, as the mandatory resort to Webster confirms. The entry "forecast" includes references to prediction and prophecy without differentiation, while "projection" is defined, among other things, as prediction or "advance estimate." We use mainly the term projections because v PREFACE vi much of our statistical research is based on forward es timates of population and households by the U.S. Bu reau of the Census which the bureau itself, the greatest fountain of data in the world, records as projections.
Author: Peter Malpass
Publisher: Routledge
ISBN: 1135217092
Category : Architecture
Languages : en
Pages : 279
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Book Description
This book of specially commissioned essays by distinguished housing scholars addresses the big issues in contemporary debates about housing and housing policy in the UK. Setting out a distinctive and coherent analysis, it steers a course between those accounts that rely on economic theory and analysis and those that emphasize policy. It is informed by the idea that the 1970s was a pivotal decade in the second half of the twentieth century, and that since that time there has been a profound transformation in the housing system and housing policy in the UK. The contributors describe, analyze and explain aspects of that transformation, as a basis for understanding the present and thinking about the future. The analysis of housing is set within an understanding of the wider changes affecting the economy and the welfare state since the crises of the mid 1970s.
Author: Kenneth Randol McGurn
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 188
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Book Description
The major objective of this study was to identify price changes in the existing single-family house market which occur in predictable seasonal patterns. National monthly sale prices from the NATIONAL ASSOCIATION OF REALTORS® were used to construct a monthly index which can be used to seasonally adjust existing single- family home prices. Changes in the total number of sales were observed from 1968 through 1978. The pattern of volume changes indicated a strong market demand in the summer with sales falling 30 to 50 percent during the winter, suggesting a sharp seasonal drop in demand. The "average" monthly sale price was adjusted for inflation using the Housing Price Index. This adjustment left three patterns: a business cycle, a general upward trend in prices, and a strong seasonal pattern. The seasonal price pattern appeared to begin at a low point in the winter months, increasing through the spring to reach a peak during the summer. The prices then dropped through September back to the low winter level. The pattern was reasonably consistent from month to month making a monthly seasonal index practical. The first step was to use a seasonal year of September through August to reduce the effects of the business cycle. Next, the average monthly price for each year was divided by the observed monthly prices for that year. This produced 12 indexes for each of the 12 months in each year. Each index for a specific month was averaged with the same month's index in the other years, to arrive at the monthly index which best fitted the total test period. Observations of the application of the index to the national data, and Multiple Listing Service (MLS) data from Gainesville, Florida, and Charlotte, North Carolina, were made with a high percentage of reductions in the monthly variance from the average. Confidence intervals were calculated to determine the goodness of the estimated monthly index. The interval appeared to be of a small enough size to accept the index as representative of the true seasonal index. Several examples of the application of the index to the appraisal process are provided, with resulting improvements in standard comparable sales appraisals of approximately 400 percent. Several other applications of the index are discussed as well as obvious improvements which are expected for the index as a next step in the research.
Author:
Publisher:
ISBN:
Category : Construction industry
Languages : en
Pages : 356
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Book Description
Author: Rita Yi Man Li
Publisher: Routledge
ISBN: 1317587928
Category : Business & Economics
Languages : en
Pages : 199
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Book Description
This book explores how econometric modelling can be used to provide valuable insight into international housing markets. Initially describing the role of econometrics modelling in real estate market research and how it has developed in recent years, the book goes on to compare and contrast the impact of various macroeconomic factors on developed and developing housing markets. Explaining the similarities and differences in the impact of financial crises on housing markets around the world, the author's econometric analysis of housing markets across the world provides a broad and nuanced perspective on the impact of both international financial markets and local macro economy on housing markets. With discussion of countries such as China, Germany, UK, US and South Africa, the lessons learned will be of interest to scholars of Real Estate economics around the world.
Author: Susan J. Smith
Publisher: Routledge
ISBN: 1317968034
Category : Business & Economics
Languages : en
Pages : 217
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Book Description
House prices and mortgage debt have moved to centre stage in the management of national economies, regional development and neighbourhood change. Describing, analysing and understanding how housing markets work within and across these scales of economy and society has never been more urgent. But much more is known about the macro-scales than the microstructures; and about the economic rather than social drivers of housing market dynamics. This book redresses the balance. It shows that housing markets are social, cultural and psychological – as well as economic – affairs. This multidisciplinary approach is helpful in understanding the economic staples of supply, demand, price and information. It also casts new light on the emotional and political economy of markets.
