We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Home Building Industry in the United States - Essay Example

Comments (0)
Summary
Housing is a basic necessity as well as an important factor of the economy, as housing acts as a major contributor of employment and income generation and helps the individual both directly and indirectly in their socio-economic development. In a dreary economic scenario the housing sector in the United States witnessed dramatic changes and gained never-before optimism and is gaining further acceleration…
Download full paper
GRAB THE BEST PAPER

Extract of sample
Home Building Industry in the United States

Download file to see previous pages... Housing is globally recognized as productive sector of the economy rather than a form of welfare, because "housing and economic development are closely linked" and it acts as an instrument to improve the GDP. (Housing for Economic Development, 2005). Because a healthy housing stock provides safety for employees, taxes for state and local governments, and more customers for retail and service business, house building industry helps state and regional economy to flourish.
Every individual aspire to own individual dwelling unit and buying a home is a major life event. Major life events such as marriage, birth of a child, changes in employment, or retirement particularly influence the decision to purchase a house though mortgage rates, income and expected returns on investment also motivate their decision to invest in residential property. Young adults in the population constitute primary source for home buying and when there is upward trend to housing prices these first-time buyers will be more attracted to enter into homeownership under the notion that rising prices will make future purchases unaffordable. Housing is an important basic need and focus of social concern and should be viewed as one of the key elements of social policy. Some of the U.S markets may not have sufficient housing supply to accommodate the influx of new residents, while the state and local governments may lack the resources to provide supportive services. The ability of America's working immigrant families to obtain decent and affordable housing has implications for the social and economic well-being of the United States.
Studies found that there is a direct proportionality between housing price and homeownership, establishing that "housing market's volatility is amplified by buyers' responses to the trends in market fundamentals." (Myers & Ryu, 2008, P.17-33).
Housing market provides "mechanism for equity growth, liquidity and financial flexibility for individual households, while also providing relatively safe, productive investments for institutions through secondary mortgage markets." (Housing for Economic Development, 2005).
"Housing shortages have historically gone hand-in-hand with rising housing prices and rents, higher housing cost burden, lower homeownership rates, increased crowding, and longer commutes." (Landis, 2000).
It is admitted that State's economy is one of the chief determinants of producing more housing units, because when the economy goes into recession housing demand falls quickly and deeply. "Economic recovery revitalizes the housing market, though expansionary peaks rarely even out the recessionary troughs." (Landis, 2000)
According to Professor Michael E. Porter of Harvard Business School, "the only reliable test of economic value is sustained profitability, measured by superiority in long-term return on investment" and "industry structure is a key driver of homebuilder profitability". However, he asserts that "market assessments of homebuilding stocks appear to be out of line with other industries that have similar structural characteristics." (Porter, 2003).
"The conduct of monetary policy by the Federal Reserve has profound impacts on the housing sector and its contribution to the overall economy" as reducing inflationary ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Criminal Justice Systems
Based on set of rules, it takes into accounts the code of respective federal states, codes, implementing regulations, rulings of courts, and imbued with judicial processes. As a mechanism, it has major steps in criminal cases as cited below: a. Conduct of police investigation to gather evidences, identification of suspects and undertaking arrests.
6 Pages(1500 words)Research Paper
Industry and the united states
The person who initiated the American industrial revolution was Samuel Slater when he opened the industrial mill, an idea he borrowed from Great Britain and brought to America. This facilitated the process of spinning yarn by hand with a loom hence marking the beginning of industrialization in America.
6 Pages(1500 words)Essay
Pharmaceutical Industry in United States
Contents Executive Summary 2 Introduction to the Pharmaceutical Industry in United States 3 Introduction to retail business in America 4 Ratio analysis 6 Profitability Ratios 7 Efficiency and Liquidity ratios 9 Gearing Ratios 11 Comparison with competitor 11 Executive Summary Johnson & Johnson and its subsidiaries (the Company) have approximately 127,600 employees worldwide engaged in the research and development, manufacture and sale of a broad range of products in the health care field.
6 Pages(1500 words)Assignment
Retail Industry Comparison of China and United States
Retailers purchase goods in bulk either from manufactures or wholesalers and then split them and sell them in small quantities to the consumers. Retailing is achieved through either markets or stores, door-to-door or delivery of goods at the doorsteps of the consumers.
8 Pages(2000 words)Essay
United States Automobile Industry
The US automobile segment is a huge industry producing durable consumer goods and using a nationally oriented advertising strategy to market its product. Considering all the intermediate products used in auto construction and distribution (rubber, machine tools, trucking, etc.), the total impact of the automobile industry goes far beyond the direct impact.
14 Pages(3500 words)Essay
Home Care In The United States
These programs include services such as case management, homemakers, home health aides, personal care, adult day health rehabilitation, and respite care among others where Ohio and Kentucky are both participants in the program. To address home health care needs and decrease the state's expenditures with regard to institutional care, Ohio has applied for a number of waivers under Section 1915 (c) of the Social Security Act through its Home Care Waiver Services, PASSPORT Waiver, Transition Waiver, Individual Options Waiver, and Level One Waiver; administrated through the coordinated efforts of the Ohio Department of Job and Family Services (ODJFS), the Ohio Department of Mental Retardation an
15 Pages(3750 words)Essay
United States History - Great Depression
The researcher focuses on discussing the first years of the Great Depression, when an estimated 30 percent of black men and 40 percent of black women were unemployed and the increasing issue of unenployment in which by 1934, half of all black were out of work, mostly in the service sector in the United States.
27 Pages(6750 words)Essay
The Automotive Industry In the United States

The author states that an understanding of this industry is very important for any student of business, politics and even sociology. Along with an understanding of the relevant issues of the automotive industry, it is also important to understand what can be done and what is being done by the players in the market to overcome these issues.

15 Pages(3750 words)Essay
Produce an international marketing plan that will introduce a consumer brand sold in your home market into a country in which it is currently not available
e Japanese in 1945 before it was then reclaimed by the Chinese nationalist government in Nanjing till 1949 when the People’s Republic of China took up the brewery together with its brands (Yang, 2005). Upon the beer being taken up by the state, it did not perform very well in
10 Pages(2500 words)Assignment
United States Green Building Council
The organizations mission is “To transform the way buildings and communities are designed, built and operated, enabling an environmentally and socially responsible, healthy, and prosperous environment that improves the quality of life as well as sustain the health and vitality of all life within a generation.
5 Pages(1250 words)Essay
United States History
Reportedly, San Bernardino which is considered to be the first permanent mission was established at Awatobi in the year 1629. In the year 1607, after spending five months at the sea, three ships that were being led by Captain Christopher Newport reached the Cape Henry which is present on Virginia Coast.
6 Pages(1500 words)Essay
Let us find you another Essay on topic Home Building Industry in the United States for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us