Economic Indicators Term Paper

Total Length: 580 words ( 2 double-spaced pages)

Total Sources: 0

Page 1 of 2

Economic Indicators: Interest Rates and the Housing Industry

Residential Construction Industry

Throughout the last century our economy and way of life as Americans was permanently altered as a result of governmental involvement and the development of finance options, such as mortgage rates never before seen in the residential construction industry. In the beginning of the 20th century, what seemed unattainable by homebuyers became a common expectation by that century's close. These expectations dealt with a consumer not only being able to build his own home, but more importantly being able to possess personal property, which represented, "comfort, convenience and quality of life unknown to previous generations" ("A Century of Progress," 2003).

Thus, the idea of affordable housing for middle-class individuals is actually a relatively recent American historical phenomenon and highly dependant upon financing. Some economists date the so-called typical American suburban lifestyle to explosion of the highly standardized yet inexpensive suburban communities of model homes that were designed for the returning GIs and their families, after the end of World War II. Regardless of the history of suburbia, however, home ownership has come to be perceived as a realistic aspiration for the average middle-class American.


II. Present

One of the aspects of the current 2005 housing market that has served to make housing more affordable, even to the point of many industry analysts speculating that there is a real estate 'bubble,' is the relatively low rate of interest for home mortgage loans, and the lower interest rates in general that have been adopted by the Federal Reserve to spur the formerly sluggish American economy after the recession of 2001 into its currently more robust state. (Isidore, 2005)

The lower the rate of interest, the more incentive there is for the….....

Show More ⇣


     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


Related Essays

Economic Outlook of the US Economy

of the U.S. economy based on recent economic indicators in 2017 and 2018. Based on seasonally adjusted annual rates in the fourth quarter of 2017, the gross domestic product growth rate is expected to increase moderately in the first quarter of 2018. As shown in these indicators and based on recent macroeconomic conditions, GDP growth rate in the first quarter of this year is expected to be approximately 2.8%. Additionally, GDP growth rate will continue to increase moderately in the second half of the year to exceed 3.0%. In light of the increase in Consumer Price Index… Continue Reading...

Apple Expansion into Myanmar

But for Apple, this still means that there is good opportunity, especially in Yangon, to build a market as more people are able to afford the company\'s products. In terms of other economic indicators, there are a few things worth noting. First, inflation has stabilized. Economic stability can often be an issue in emerging markets, but a stable economy is generally a positive sign for sustained growth. The kyat is a fully floating currency and the country still has stable inflation, which is a positive sign. The unemployment rate is 4% and stable, but also meaningless since most people don\'t earn enough from their employment to afford Apple products. More important is actually indicators regarding foreign direct investment, which is a more… Continue Reading...

Brexit Essay

number of economic indicators experienced a short-term downturn after the Brexit vote, most indicators have returned to their pre-Brexit levels and some have even improved. There are also other signs that the devastating consequences of the Brexit initiative will not materialize and there is a growing consensus that even if the UK does experience some challenges in the post-Brexit era, things are not doing to be as bad as predicted. To gain a better understanding of what has already happened and what experts predict for the future, this essay on brexit provides… Continue Reading...

Problems Unsolved and a Nation Divided

deteriorating in the last one decade or so, with many of the economic indicators declining to disturbing levels. Indeed, the competitiveness of the economy has been eroding since the late 1990s (Porter et al., 2016). There has been reduced growth in economic output, productivity, investment, and employment. Per capita and household income have declined or stagnated, small businesses have been struggling, startups have been lagging, and inequality has increased. Also, there have been weaknesses in areas such as K-12 education, health care, taxation, transportation infrastructure, as well as political governance. These weaknesses have hindered productivity and prosperity. The weaknesses pose a major… Continue Reading...

Kiwi Medical Devices Limited

(Fawcett, 2014). Furthermore, though China and Indonesia offer large markets and more impressive economic indicators compared to Mexico and the relatively small Slovakia, they present market proximity difficulties, more significant cultural differences, greater political risk, and less advanced infrastructural development. Question 2 It is important for Kiwi to make the right decision with regard to not only the most suitable country, but also the best city for the new manufacturing facility. The company can choose from either a port of entry or an interior city. Each option offers its own merits and demerits. A port of entry provides simpler setup and lesser logistics… Continue Reading...

Apple

well: Source: Fortune (2016) Trends in current macroeconomic indicators for the last three years suggest that things may be about to get worse for all, however. Analysts have indicated that we are in the late stage of the business cycle, with hints of economic recession looming just around the corner (Mobasheri, 2017). Real GDP has risen steadily over the last three years: Source: FRED (2018a) Inflation as measured by CPI has also risen steadily: Source: FRED (2018b) This should not be surprising as the Fed’s policy (and every other central bank’s policy around the world) has been… Continue Reading...

Conflict Mapping in South Sudan

after Afghanistan and Syria (Dessalegn, 2017). The economy of South Sudan has been deteriorating since independence in 2011 and characterized by underdeveloped infrastructure ranking poorest in multiple socioeconomic indicators (King 2015). The country has a triple-digit inflation rate and poverty is widespread. The World Bank estimates the population of South Sudanese living below the poverty line amounted to 82% by end of 2016, additionally literacy rates amounts to 27% implying that the country lacks in a skilled workforce. Dessalegn (2017) reports up to 95% of the population is dependent on agriculture which with the advent of war has declined in productivity. Although electricity is a critical backbone for an economy, only 2% of the South Sudanese population… Continue Reading...

sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Economic Indicators" (2005, June 17) Retrieved May 19, 2024, from
https://www.aceyourpaper.com/essays/economic-indicators-64024

Latest MLA Format (8th edition)

Copy Reference
"Economic Indicators" 17 June 2005. Web.19 May. 2024. <
https://www.aceyourpaper.com/essays/economic-indicators-64024>

Latest Chicago Format (16th edition)

Copy Reference
"Economic Indicators", 17 June 2005, Accessed.19 May. 2024,
https://www.aceyourpaper.com/essays/economic-indicators-64024