...Housing Rates in the city of Jacksonville, Florida tend to vary a great deal between areas of the city; therefore, purchasing a house in this city can prove to be quite a challenge, particularly when the housing market is not booming as it has in the past. To decide in which area to buy a house, one should first consider the different variables affecting the prices of these houses. The Express Estate Agency has recently identified five factors that generally affect housing prices: location, age, size and type, condition, and accessibility (Express Estate Agency). Though it is difficult to assess the quantitative impact on the value of a house caused by qualitative factors such as type, condition, and accessibility, these are important to keep in mind as well as the factors presented in this study. Generally, when one thinks of houses, the more square feet of area the house covers, the more expensive it becomes; this is also true for many other purchasable objects in America. When looking for both large and small houses, the number of bedrooms and bathrooms is an additional characteristic of each house to be considered, as the more bedrooms and bathrooms a house has, the more expensive the house is perceived to be, according to the United Kingdom branch of Nationwide (Nationwide). Another characteristic commonly linked to a house's perceived value is the age of the house; houses that are very new are often perceived as being more expensive than those that are both slightly older...
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...Name Professor Course Date Economic analysis of the current residential housing market in Houston INTRODUCTION This paper provides an economic analysis of the current market for single family homes in Houston. Over the past few years, the real estate market has been declining in most states where prices of homes have been falling. In addition, the number of home buyers has been falling in most cities over the past few years, even after recovery of the economy from the 2008/2009 global financial crisis. However, in Houston, Texas, the real estate market has experienced a stable growth for the last 21 months (HAR 2013). According to a report by Houston Association of REALTORS®, home buyers in Houston increased by 15.5% in February 2013 as compared to the same month last year (HAR 2013). In Houston City, single family homes constitute about 76.5% of the total housing population. During the month of February 2013, 4,407 single family homes were sold in Houston. Single-family home average sales price increased by 9.6% to $220,445 from $201,113 in February last year. The median price also increased by 7.9% to $161,700 in February 2013 (HAR, 2103). Median price is the price at which half of the homes were sold. The above information is summarised in the table below. | February 2012 | February 2103 | Change | Single-family home sales | 3,815 | 4,407 | 15.5% | Single-family average sales price | $201,113 | $220,445 | 9.6% | Single-family median sales price | $149,900 | $161,700...
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...ANDLEEB TITLE HOUSING FINANCE TABLE OF CONTENT ABSTRACT RELATED TO HOUSING INDUSTRY 3 INTRODUCTION 4 LITERATURE REVIEW 7 METHODOLOGY 11 VARIABLES DEPENDENT AND INDEPENDENT 13 DATA ANALYSIS 15 CONCLUSION 21 RECOMMENDATIONS 22 REFERENCES 22 ABSTRACT RELATED TO HOUSING INDUSTRY: PURPOSE: The purpose of this research paper is to examine analyzing and outlining the growth of the housing industry and its rights. The main purpose is to eliminate the problem related to the relevancy and application of housing complexities and its systems across the world. DESIGN OR METHODOLOGY: This paper is set out according to the principle instruments and the rights of development of housing regional and other related bodies. The analysis of the housing system is basically organized on the basis of housing system of development and channels and networks of legal and lawful means of professional concerns and their domains. FINDINGS: All across the world the rights for housing is being considered as a lawful and constitutional concerned nationally and internationally. The findings also suggest the significance of housing rights and the conceptual frame work of human rights effect the implementation. Professional epistemic community development of the housing shape the policies and procedures and laws. The paradiagm of housing foundation and rights are effectively translated into developed fashion of designing housing system. RESULTS: Collection of data...
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...QSO 600 Operations Management: Case Study Moore Housing Contractors Operations Management Case Study Two: Moore Housing Contractors Meghan O’Keefe Southern New Hampshire University BACKGROUND Moore Housing Contractors is negotiating a deal with Countryside Realtors to build six houses in a new development (Russell & Taylor III, 2014). The realtors prefer that the contractors start building the homes in the late winter or early spring to reduce potential delays from inclement weather (Russell & Taylor III, 2014). Moore Housing Contractors are busy in summer months and feel they can sell the six homes upon completion, maybe even sooner. Countryside realtors are using a project management network to estimate the completion time to build a house (Russell & Taylor III, 2014). They want each home to be completed within 45 days from the start date (Russell & Taylor III, 2014). It is imperative for Moore Housing Contractors to finish each home within 45 days or they will be subject to a contractor penalty. Moore Housing Contractors want to ensure they can meet the 45 day deadline before they enter into an agreement with Countryside Realtors (Russell & Taylor III, 2014). If there is a high likelihood that they can’t finish a home within 45 days, they want to increase their bid to cover any penalty charges (Russell & Taylor III, 2014) CPM/PERT NETWORK “The CPM/PERT method assumes that the activity times are statistically independent, which allows...
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...CHANGES THAT CAN BE USED TO ENCOURAGING HOUSE AND HOME OWNERSHIP IN MICHIGAN Submitted by: Submitted to University MBA/MS Program [list one] Capstone Mentor: [name] For University Use Date Received: ______________________________________________ Reviewed by: _______________________________________________ Approved/Disapproved: ______________________________________________ Signature: ______________________________________________ Date: ______________________________________________ Comments: ______________________________________________ ______________________________________________ _______________________________________________ _______________________________________________ Abstract The need to encourage house or homeownership has been in the government’s strategic plan since 1934, however, the current financial policies and practices in the housing finance and the mortgage market has characterized by minimum flow of capital in the secondary mortgage market, confusion on the main control authority and various ill practices. This fact has necessitated various changes in the house and homeownership financial. This study collected both primary and secondary data, and found out that the government must set the right policies that will empower house and home consumers to circumvent biased practices and practice informed decision...
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...Canada Homes Corporation Report prepared for: CHC Board of Director Prepared by: Erdell & Co., Management Consultant July 2, 2006 Executive Summary Canadian Home Corporation (CHC), a residential developer in Eastern Canada, was incorporated in 1978 and is well-known in the residential construction industry for quality and innovative design. Currently CHC is experiencing challenges in generating profitable income and meeting shareholder’s objective of annual dividends. It remains unprofitable due to rising material and labor costs, and the cyclical nature of the real estate industry. In addition, quality issues have created negative publicity that threatens the reputation of CHC. The purpose of this report is to analyze strategic and operational issues with CHC and to provide recommendations to improve the performance of the company. CHC’s external opportunities and threats that affect the company’s decision on its strategic alternatives include: increasing popularity of prefabricated housing, high demand of renovation, labor shortage, and a shortage of land available for development. In light of its internal analysis and external environment, CHC must: 1. Pursue renovation services 2. Manufacture prefabricated homes 3. Reject GH’s joint venture proposal 4. Reject rental property development proposal 5. Divest Maritimes Division To mitigate the various operational issues: 1. Declare bankruptcy for its European subsidiary ...
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...Marketing Plan Morgan Hunter Homes Marketing Plan Contents 1. Introduction and Background.……………………………………………………. Current Situation and Challenges………….…..….……………………..……… 2. Goals and Objectives …………….………………………………… …………… 3. Competition…….. …………..………………….…………………. …………….. 4. SWOT Analysis ……….……………..……….………….…………………….. 5. Marketing Mix Analysis ……………………….………………….…………….. 7.0 External Marketing Environment……………………………………………… 8.0 Recommendations …………………………………………………………... 9.0 Summary …………………………………………………………… ……… … 10 Bibliography ……………………………………………………………. ……… Modular Homes Design Company 1. Introduction and Background The economy of Biloxi, Mississippi (MS) was in much need of stimulation following the devastation caused by the Katrina and Rita hurricanes nearly two years ago. Homelessness, illness, hopelessness, and despair are all remains of the wreckage. There has been rampant unemployment in the region; consumer debt has been on the rise. This has fueled the initiative for relief programs, attempts to bridge the gap of governmentally funded programs and the shortcomings of the locally and state-funded offerings. One federal initiative allows Mississippi Home Corporation to offer below-market mortgage rates. Rebuilding has been slow due to the lack of skilled construction workers. Displacement of workers and limited education/training are major causes for the deficiency. Building permit requirements have been made more stringent...
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...MSc. Information System Management Kyaw Khine Soe (3026039) Data Mining and Business Analytics Boston Housing Dataset Analysis. Table of Contents Introduction 3 Problem Statement 3 The associated data of Boston 5 Data pre-processing / Data preparation 8 Clustering Analysis 11 Cluster segment profile 17 Regression Analysis 18 Predictive analysis using neural network node 19 Decision tree node 21 Regression node analysis 23 Model Comparison 24 The recommendation and conclusion 26 Bibliography 27 Introduction This report included part of assignment for the Data Mining and Business Analytics. This report based on the Boston Housing Dataset to describe prediction, cluster analysis, neural networks and decision tree nodes. Boston Housing is a real estate related dataset from Boston Massachusetts. This is small dataset with 506 rows can show prediction of housing price and regressing using decision trees and neural networks over this dataset. This report shows analysis of the property price over the size, age of property, environment factor such as crime rate, near the river dummy, distanced to employment centers and pollution. Problem Statement In relation to housing intelligence, real estate are usually concerned with following common business concerns: 1. Which area are high rates of crime? How crimes rates effected on housing price? How can reduce the crime? 2. Which area is most/lease house price base on rooms in house/ area and...
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...The Real Estate Agents and Brokers Analysis Ying Wang Monroe College Ying Wang, department of MBA, Monroe College. This research’s some data is supported by CRIC Database (Chinese real estate database). Ying Wang, department of MBA, Monroe College, contact: wywangying1202@gmail.com Abstract This paper analyses the real estate agents and brokers with applying Porter Five Forces analysis. The overall objective of the analysis is to determine if the industry is attractive from a competitive structure point of view, using Porter’s Five Forces framework for my analysis of the industry’s competitive structure. According to my analysis, I draw a conclusion about if this industry is attractive for me. Key words: Porter Five Forces, industry analysis The Real Estate Agents and Brokers Analysis Background Industry description The Offices of Real Estate Agents and Brokers’ NAICS code is 531210.This industry comprises establishments primarily engaged in acting as agents and/or brokers in one or more of the following: (1) selling real estate for others; (2) buying real estate for others; and (3) renting real estate for others. After more than 100 years of development, the U.S real estate industry is relatively mature under the legal environment and financial instrument. The house price has increased 2 or 3 times during the past 100 years. As shown in Exhibit 1-1. Exhibit 1-1 Source: “U.S. house prices realty check”, http://www.economist.com/blogs/graphicdetail/2013/06/us-house-prices...
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...condition in New York has accrued over the past decades, which is currently one of the key problems with New York town. Due to this fast growth our current administration, Mayor Blasio has a created eight-point plan, Foundation for an Affordable Housing. Just like the other inhabited town, the rich residents are the ones who get to relish town, while the different social class population, area unit barely extant, living from check to paycheck to pay rent. New York City at this half has the highest rental level, which keep increasing and in constant time the financial gain remains the same. These are some of the rationale why Mayor Bill de Blasio and his administration has created...
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...inform you about the Homes organisation. Homes is an Arm’s Length Management Organisation (ALMO), set up Enfield Council in April 2008 to manage its homes and improve housing services. The agreement is due to end in July, all housing services will then be returned to Enfield council. Maintain how many homes? Homes Services, Goals/Vision & Main Customers Homes offers rented accommodation to people facing homelessness, single mothers, immigrants and various retirement living projects such as xxxxxxxxx. Depending of the conditions of the person/family needing support Homes offers flat, houses, bungalows and various ‘support housing ‘schemes. Our primary service is to provide tenants with affordable, safe and well maintained homes. Our main customers are our existing and potential tenants. Homes mission is to provide its tenants with quality homes, excellent services and successful communities. The mission statement captures our ambition to go beyond our currently defined role as a provider of excellent services and prudent assess management and to play a major role as community leader in improving the lives of our residents. Homes vision is to: • Create a clean and safe environment • Keep homes maintained to a high standard • Offer value for money for services provided • Offer homes and services in which tenants, leaseholders, staff and all stakeholders take pride. Our vision recognises the central role that our customers play in driving Homes forward; the requirement...
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...though a large number of economists are optimistic, my opinion is that while recovery is progressing, the pace at which we are moving is not fast enough to rejuvenate consumer confidence. Based on what I have read and have learned in the classroom over the last few weeks, I am even more concerned for our future than I was before I started to learn the world of economics. The comparisons of the economic indicators paint a very dismal picture to me. MACROECONOMICS TERM PAPER 3 Gross Domestic Product After learning what the Gross Domestic Product (GDP) is, I better understand the data I researched. Based on what I read on the Bureau of Economic Analysis website, Table 1 – Real Gross Domestic Product and Related Measures, the Gross Domestic Product for June of 2010 (Q3) was 2.5 percent compared to the Gross Domestic Product of 2.0 percent, only a year later in June of 2011 (Q3); a deficit of .5 percent between the two years. The periods between these two months were very volatile. From June of 2010 to June of 2011, our Gross Domestic Product Index dropped off at the end of 2010 and, since then, has climbed back to where it is today at 2.0 percent. Of all the statistics reviewed on Table 1, I was most interested in our exports minus imports percentage. In June of 2010, the United States was in a 2.3 percent trade...
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...University – East Bay November 7, 2012 Table of Contents: Business Analysis Financial Analysis Valuation Analysis Policy Analysis Conclusion Appendix A: xx – Aman to include for her section B: 1990 Ratio Analysis C: D: XX * Business Analysis Fleetwood Enterprises, Inc. was the nation's largest maker of both manufactured housing and recreational vehicles (including motor homes, travel trailers, folding trailers, and truck campers) in the late 1980's and early 1990's. As a whole, Fleetwood recreational vehicles span the full range of the market, with their retail prices ranging from $3,000 to more than $200,000. The 1970s was a period of rapid growth and expansion for Fleetwood. As the decade ended, the revolution in Iran -- sky-rocketing gasoline costs, and the buying public's fear of a recession, along with rising interest rates -- created an across-the-board slump in sales. Since most of Fleetwood's production line were vehicles, gasoline shortages, along with the spiraling costs of fuel, shook the RV market to its foundations. Value Creation: In 1990, Fleetwood produced about 35,000 houses in 26 plants in 13 U.S. states. Its manufactured housing revenues were about $533 million. Fleetwood was the industry’s market-share leader, having shipped 17% of all U.S. manufactured houses in 1989. In fact, it was the largest builder of any type of housing in the United States. What was the secret? The company's line of travel...
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...Influence Buying Home Behaviour in Dilly, East Timor Connie Susilawati Fernando Baptista Anunu Petra Christian University Surabaya, Indonesia Key words: low cost housing, buying behaviour, consumer behaviour, motivation, East Timor Demand of low cost housing increased from 1995 to 1997 which is shown by the number of housing loan approval. In order to develop the most suitable marketing plan, developer needs to know some factors which influenced to the decision making process of buying house. This research used a residential development in PT Delta Comoro Permai, Dilly as a case study. A survey to homeowners has been done to evaluate the motivation and perception factors in buying home behaviour. The survey has been done on the 3rd August to 29th August 1998. In this study, four main components have been examined. Physical and linkage are not as important as environment and utilities for the homebuyer. Moreover, the result is consistent with developer’s motto ‘clean, secure, aesthetic, healthy and prosperity’. This study provides further recommendation in the environment and utilities components for the new development in the future. Introduction In 1998, East Timor has 14,874 square meters land area which occupied by 747,527 residents. The population growth rate was 3,02% (Anunu, 1999: 1). The above conditions created demand on proper housing with affordable cost. Demand of low cost housing increase from 1995 to 1997 which is shown by the number of housing loan approval...
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...Industry Analysis: Single-Family Custom Homebuilders Mumford Tarbuckle MGT 330 Dr. Snozberry March 9, 2009 Industry Analysis: Single-Family Custom Homebuilders In some of the worst economic and housing market conditions in over 25 years, small, single-family custom homebuilders must weather the storm or die. In this paper, I will analyze how forces will affect and impact the general environment and the task environment from the perspective of a small custom home builder. The housing industry contains many types of builders. Highly capitalized, high production builders construct multiple dwelling units, such as skyscrapers hundreds of feet high, containing tens of thousands of square feet of living area; they build in densely populated, highly regulated urban areas. At the small business end of the housing industry, “mom and pop” contractors construct one-at-a-time, one-of-a-kind single-family homes in rural settings. The industry has a wide range of skills, techniques, environments, and budgets. Despite the gaping differences amongst such diverse builders, there is an interrelation and common influences. The most acutely felt force affecting all builders in the general environment is the decline in the broader economy. Some analysts believe the political environment, particularly the actions and approach of the new Presidential administration, are also critical. The 66-year old National Association of Home Builders (NAHB) has over 200,000 housing-industry...
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