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Essay

Gross domestic product

Essay specific features

 

Issue:

Business

 

Written by:

Antonio F

 

Date added:

August 8, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1672

 

Was viewed:

5370 times

 

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Essay content:

The main reason for this increase has been steady interest rates (Haughey, 2005). Looking forward, a number of challenges face the housing construction market including commercial space, potential rising interest rates, and reduced tax revenues eventually impacting public works and institutional buildings...
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Adversely, the Mortgage Banker's Association has forecasted existing home sales decreasing to 3.5% in 2005 and no change through 2006. New home predictions are the same, with a decrease in 2005 and stagnant growth through 2006. Price increases for the new homes will average 4%. Economists from the Anderson Forecast also predict a decrease in the percentage of housing construction through the next 3 years and go as far as to say a possible recession of the economy in 2006 or 2007 (Calbreath, 2005)...
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General issues of this essay:
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