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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1549 |
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And lastly with the liquidity in the sub-prime market drying up—through stricter lending standards and rising risk aversion by more mainstream lenders—demand for housing will fall considerably in 2007. Repossessions will also add to the stock of unsold homes that builders are trying to work through...
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Residential construction contracted by 13.4% in 2007, a 25-year low, and a further 1% is predicted for 2008.
Macroeconomic Variables that Affect Construction Industry
One of the major variables that affect the housing construction industry is interest rates. As stated above, from 2002 – 2005 the housing construction industry was spurred by some of the lowest mortgage rates and inflated house prices in recent memory , leading to a strong rise of housing starts...
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“Romania And Bulgaria Are Scheduled To Join To The European Union On 1 January 2007. Using Market Analysis, Discuss Some Possible Implications For The Uk Labor Market.”
Effects on determinants on Supply and Demand in the Housing market
Environmental Scanning and aspects’
Environmental Scanning is the monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation.
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