Eco 205 Final - Home Building Industry

Home structure Industry Name Axia College of University of Phoenix ECO 205 Economic Theory Instructor Date Abstract This final assignment is an overview of the headquarters building industry as well as its prox and present effect on the economy (Course Syllabus, 2008). Home Building Industry Owning property or building ones birth home is now considered the American dream. Some see clean homebuilding as destroying nature, while others see it as an important snap off of our economy. The home building industry is one of the strongest fields to come across when studying the overall economy of a nation. If the nation is non doing well, then people will feel less compel to buy homes. The home building industry has been around for awhile. The designs and shapes of homes ca-ca changed over time making the industry more divers(prenominal) than it was in the past. When people began to build they did not layout and draw plans and glasses for their home. The first norm homes were built with one or two rooms in its entirety. Now they average home live with six rooms.

There were similarly not any rules or regulations in place when home building first started until the occupational Safety and Health Administration was created, which is an organization that supervises construction for red-hot homes (Occupational Safety and Health Administration, 2008). The National Association of Homer Builders was also created to work with state and local agencies easily to establish inexpensive houses for everyone (The National Association of Home Builders, 2008). As the economy goes finished a current overhaul, many contractors are going to fold, cause the market housing bubble to also collapse. The demands price elasticity is elastic for the housing market, since homes are super considered to be a precious benefit by the average American. Even if someone can not afford a house or home, there are other alternatives for an individual or family to live in. It is absolutely necessary for a person or family to... If you want to get a full essay, night club it on our website: Orderessay

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