scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 2,115
Economic Indicator Forecast The six economic indicators of housing starts mortgage rates retail sales interest rates personal income and the foreign exchange rate Will discuss each economic indicator and compare and contrast two different 18-month forecasts for each The differences between the forecasts will be analyzed and the reasons why we believe one forecast over another Housing Starts The home building industry has been doing very well This is in part because of the availability of lower mortgage rates In January and February of 2005 home sales were doing well however they declined in March April didnt make up for the March decline but it still was not bad as housing starts rose 11 May was another good month Looking forward eighteen months UCLA economists are forecasting that the housing market will slow down for the remainder of 2005 The UCLA analysis predicts housing starts now running about 2 million units annually are outpacing demand and will start to decline late this year slowing to a 16 million rate by the middle of 2006 Kirchoff 2005 According to the PAR Economic Review economists are predicting a fall in housing starts to 18 million for the rest of 2005 and 17 million in 2006 Now in most parts of the nation supply has caught up with demand De Rooy 2005 In comparing the two forecasts for the same time period we can see that the predictions are very close There is only a difference of 1 million between the two forecasts Both UCLA and Jacob De Rooy PhD from the PAR Economic Review agree that housing starts will drop Team B tends to agree that housing starts will drop in the next 18 months This is because mortgage and interest rates are forecasted to rise by the end of this year and into the year 2006 Mortgage Rates Mortgage rates have been low in the first quarter
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA