下载亿题库APP
联系电话:400-660-1360
请谨慎保管和记忆你的密码,以免泄露和丢失
请谨慎保管和记忆你的密码,以免泄露和丢失
Housing Sector Behavior through the Business Cycle
Housing activity experiences dramatic swings that it often counts more in overall economic movements than it might suggest.
Relevant statistics:
new and existing home sales
residential construction activity
the inventory of unsold homes on the market
average or median price of homes (sometimes recorded by type of housing unit and sometimes as the price per square foot or square meter).
Housing sector is especially sensitive to interest rates.
Home buying and consequently construction activity expand in response to lower mortgage rates and contract in response to higher mortgage rates.
Indicators of the cost of owning a house: compare household incomes with the cost of supporting an average house (price + expense of a typical mortgage).
Commonly, housing prices and mortgage rates rise disproportionately as expansionary cycles mature, relative housing costs increase, household incomes rise. House sales slowdown, cyclical downturn first in buying and then, as the inventory of unsold houses builds, in actual construction activity.
Theories of the Business Cycle - Monetarist School:Theories of:boom,consider the long-term costs of government intervention e.g.continue to grow at a moderate rate.
Theories of the Business Cycle - Keynesian School:would be hard to attain.:the economy is already recovering.
Resource Use through the Business Cycle:which will further increase AD. inventory rebuilding or restocking
微信扫码关注公众号
获取更多考试热门资料