Economic Indicators Paper Bus Econ I

1162 words - 5 pages

The United States home building industry is currently under great strain as a direct result of the staggering economy. This industry once reported substantial revenue figures and well-deserved profits, but is now reporting below average figures on the total amount of homes built, amount of homes purchased, and the industry's overall net income. In order to determine what the future holds for the home building industry, an economic forecast must be compared and contrasted for the prominent economic indicators. This paper will compare two different 18-month forecasts for six economic indicators, a reconciliation of the differences between forecasts, and a rationalization for which forecasts our team believes to be the most accurate within the home building industry.Compare & Contrast Six Economic Indicators:Interest Rate: Interest rates on residential mortgages are influenced by longer-term trend changes of economic indicators and changes that occur monthly. Currently, mortgage interest rates are 5.5%. A comparison of two different forecasts show projected interest rates for the first quarter of 2009 at 5.2% and 5.6%, with a difference in forecasts of .4%. Projected rates for the second quarter of 2010 are 6.2% and 5.8%. During the third quarter of 2009 both forecasts have the same rate of 5.9% (Financial Forecast Center, 2008 and U.S. Economic Outlook, 2008)Housing Starts: Housing Starts determine the number of privately owned new homes on which construction has been started in a given period. During October 2008, there was an adjusted annual rate of 708,000 for building permits for privately owned houses (U.S. Census, 2008). A comparison of two different housing starts forecast project for the first quarter of 2009 rates of 768,000 and 741,000, with a difference of 27,000. Projected rates for the second quarter of 2010 are 774,000 and 741,000, with a difference of 33,000 (Financial Forecast Center, 2008 and U.S. Economic Outlook, 2008).Producer Price Index (PPI). The Bureau of Labor Statistics releases a monthly report that shows the trends within the wholesale market, manufacturing industries, and commodities markets called the producer price index. Team C was unable to find two 18 month forecast for the Producer Price Index. A comparison of two different PPI forecasts show the first quarter of 2008 with a PPI rate of 187% and project first quarter 2009 at 200%, with a difference of 13%. Rates for the second quarter of 2009 are projected at 213% and the second quarter of 2010 at 187%, with a difference of 26%.Gross Domestic Product (GDP). The Gross Domestic Product is a key economic indicator and is the total market value of all final goods and services produced within the country in a given period of time, which measures overall growth. A comparison of two different forecasts end 2008 with GDP rates of 1.8% and 1.2%, with a .6% difference in forecasts. One forecast ends 2009 with a projected rate of 2.6%, while the second forecast closes...

Find Another Essay On Economic Indicators Paper - BUS ECON I

Food Insecurity and Hunger Essay

772 words - 3 pages their six years old daughter. I chose to go beyond the ordinary. I wanted to think in a man’s perspective. For the first time, I wanted to put myself in the shoes of two married homosexual men and think how they would manage to run a household in a minimum wage. Firstly, they do not have a car, so they would have to take a bus. Therefore, I went to Wal-Mart and Kroger’s on the UT bus instead of asking a friend for a ride. Life is not a bed of roses

A Review of O'rourke And Williamson's Globalization and History: The Evolution of a Nineteenth Century Atlantic Economy

4789 words - 19 pages ," in The Export of Capital from Britain 1870-1914. A. R. Hall, ed. London: Methuen & Co., pp. 1-13.Harley, C. Knick. 1978. "Western Settlement and the Price of Wheat, 1872-1913," J. Econ. Hist. 37, pp. 865-78.----. 1994. "Foreign Trade: Comparative Advantage and Performance," in The Economic History of Britain Since 1700: Vol. 1, Vol. I 1700-1860 (2nd ed.). R. C. Floud and D. N. MeCloskey, eds. Cambridge: Cambridge U. Press, pp. 300-31

The summary of the article "The Curse of Econ 101" by James Kwak and others - UIC - Essay

843 words - 4 pages THE CURSE OF ECON 101 BY JAMES KWAK AND TWO RESPONSES Quan Tran Minh The main article “The Curse of Econ 101” was published in January 2017 by The Atlantic and written by Professor James Kwak. At first glance, the title “The Curse of Econ 101” might be confusing and triggered the curiosity of most readers. Professor Kwak spent most of his article criticizing the “economism,” which he defined as a “misleading application of basic lessons from

Performance Measurement in Logistics Operations

1508 words - 7 pages application of performance indicators is conditional (Aramyan et al., 2007). Conclusion The paper lists three examples of performance measurement in logistics operations using KPIs, indicating that KPIs are applied in a wide range of operations within the supply chain. The first example demonstrates the importance of KPIs. The metrics for key performance indicators provide organizations with a list of priority, and having a priority

African Americans

792 words - 3 pages breakfast, lunch, and supper. I worked Monday through Saturday. Each day I work 12 hours. I head back home by catching the bus home. On the way home I bought a newspaper from a local blacksmith. The paper involved some interesting news. Two young girls were beaten to death by a white man because one of them was caught drinking out of the white people fountain. Instead of going straight home today I attended a rally that was being held to stop

Racial Discrimination

2291 words - 9 pages The purpose of this paper is to examine the causes, consequences and remedies of racial discrimination in the labor market. Understanding racial discrimination in the labor market is of critical importance because of the sever wage differentials between different races in the market. Most of the economic research on racial discrimination focuses on black and white males. Hence this paper will also be focusing on wage and employment

Economic Final Analysis

4070 words - 16 pages Our final economic analysis is composed of the six major economic indicators that play an important role for the housing industry. These are Capacity Utilization, Income, Price, Inflation, Unemployment, and Gross Domestic Product. Furthermore, we will conduct an in-depth analysis based on the forecasts acquired in week 4 to determine future strategic initiatives. We will also discuss the SWOTT analysis (Strengths, Weaknesses, Opportunities

Effects of Human Capital on Maize Production in Ghana

2460 words - 10 pages through education, training and experience (Djomo and Sikod, 2012). In this paper, human capital is captured using education of household head, access to extension services and experience. The economic effects of these variables are then estimated at three points: the first quartile (25th percentile), the second quartile (50th percentile) and the third quartile (75th percentile) of the distribution of maize yield to enable the analysis of the category

A Comprehensive Review of Economic Indicators and the Auto Industry

5498 words - 22 pages The goal of this paper is to provide a comprehensive discussion of six economic indicators and their impact on the automobile industry. The indicators to be reviewed are personal income, unemployment, retail sales, auto sales, the inflation rate, and Gross Domestic Product. A brief history of the auto industry, an industry overview, and a SWOTT analysis will be presented. In addition, each indicator will be defined along with the current status

research paper

1280 words - 6 pages “I would like to be known as a person who is concerned about freedom and equality and justice and prosperity for all people.” says Rosa Parks ( Rosa Parks and the Montgomery Bus Boycott). The African Americans Civil Rights were not fulfilled by the white people who rode the buses with them. She stood up for her rights when nobody else wanted to. Even when she was arrested she did not give up her rights as a human. When the boycott started

Short Overview of the Ancient Chinese Currency - 10 grade - Research paper

1338 words - 6 pages , paper, or gun powder which is used for every bullet that was fired on the earth. And I thought there must be something else that we also picked up from the Chinese. I looked at the Research Project Topic Selection Worksheet and decided to work on the “Currency” topic. Comment by Victoria Reyes: I love the dramatic affect of this sentence! And it is so true! I have chosen it because we recently moved from Switzerland to Austin and before that, we

Similar Essays

Economic Differences In The Civil War Econ 341 Research Paper

4171 words - 17 pages 2 Flores The Economic Differences Between the North and the South During the Civil War Veronica Flores ECON 334 The Civil War is marked as one of the most defining moments in United States history. The election of 1860 triggered the secession crisis, and although Lincoln and the victorious Republican party had promised not to interfere with slavery in the states where it already existed, they firmly opposed that slavery spread to any federal

Economic Indicators Paper

1096 words - 4 pages Home DepotReal Gross Domestic Product (real GDP)Gross Domestic Product (GDP) is the measurement of growth within an economy. This indicator is widely used by economists when doing research and forecasting efforts. GDP is defined by Colander (2004) as "the market value of final goods and services produced in an economy, stated in the prices of a given year" (p. 2).( Bureau of Economic Analysis, 2006)According to Steve Goldstein (2006), "Home

Economic Indicators Forecast Essay

1654 words - 7 pages forecast. With these three economic indicators being so tightly dependent and reactive on each other, it is our belief collectively that the forecast produces by XCO may be the most accurate overall.4th Q20071st Q20082nd Q20083rd Q20084th Q2008Forecast Value3.102.672.652.832.79While the comparisons listed in the paper do not sum up the forecast of all economic indicators relevant to the economy, these are some of the most important. Looking at

The One Of Great Well Essay

7100 words - 28 pages Topic 3-Econ 245 Page 1 Topic 3:Index Numbers and Times Series Part I: Index Numbers: What is an _____ number? Constructing Indices Choosing between Indices Using Price Indices The Canadian ___ Price Indices and the "Cost of Living" Reference: Chapter 16 DWe need to develop a measure that summarizes the characteristics of _____ data sets and is useful for period to period comparisons. Topic 3-Econ 245 Page 2 DAn I____ number accomplishes