...TWO 8 2. REVIEW OF LITRATURE 8 2.1.MATERIALS MANAGEMENT 8 2.2. OBJECTIVES OF MATERIALS MANAGEMENT 9 2.3. PRICE DETERMINATION 10 2.4. INFLATION 13 2.5. HOUSING THE POOR 13 2.6. Integrated Housing development program 17 2.7. Hawassa city housing development project office 19 2.8. Different type of houses and price of transferring 20 CHAPTER THREE 21 3. DATA PRESENTATION, ANALYSIS AND INTERPRETATION 21 3.1. Beneficiary (dwellers) characteristics (sample population) 21 3.2.1. TYPE OF HOUSES ASSIGNED FOR BENEFICIARY IN THE SAMPLE…. 25 3.2.2. DWELLERS WILLINGNESS TO BUY HOUSES 26 3.2.3. PRICE OF HOUSES AND THE FACTORS THAT AFFECTS THE PRICE OF HOUSES ………………………………………………………………………………...26 3.2.4.CONSTRUCTION MATERRIALS AND THE MARKET PRIC………………..27 3.2.5.GENERAL OPINION OF DWELLERS 28 3.2.6. PRICE OF CONSTRUCTION MATERIALS AND BENEFICIARY OPINION.29 CHAPTER FOUR 33 4. CONCLUSION AND RECOMMENDATION 33 4.1. CONCLUSION 33 4.2 RECOMMENDATION --------------------------------------------------------------------- 34 Bibliography………………………………………………………………. 36 Appendix I …………………………………………………………… 37 Appendix II ………………………………………………………… 38 CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Ethiopian urban centers face a number of socio-economic problems. Unemployment, poverty, weak economic base, growing housing problem and slum dwelling with a weak...
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...first set believes that they were advised to post asking-prices for their houses that were too low compared to other brokers’ listings while the second set believes that they were advised to accept selling-prices for houses that they purchased that were too high relative to the selling-prices for houses brokered by other realtors. Based on the given data for both VALMAX and the other brokers (will henceforth be called “OTHERS”), it is decided that the clients’ complaints are justified. In order to properly come up with this conclusion, the correct data must first be chosen, the null and alternative hypotheses must be stated, the degrees of freedom will be calculated, the rejection region will be defined, and ultimately, the test statistic will be calculated and interpreted. After this, there are three methods for coming up with the end conclusion, the first being qualitative and the last two being quantitative. ANALYSIS Choosing the Data: Three sets of data are given for both VALMAX and OTHERS for which we assume to be normally distributed: asking prices, selling prices, and the differences between the two. Either the asking/selling prices can be used or the differences data can be used, but not both. The reason why we have chosen to not use the asking and selling price data is because we cannot distinguish between the buying and selling agents. Also, we would have to assume that the asking and selling prices of VALMAX and OTHERS are in similar neighborhoods. Because...
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...Introduction For a while now, the price of houses in Australia have been rising and it doesn’t seem to be stopping any time soon. In this assessment, I’m going to be walking you through the many problems of Australia’s housing market and will offer solutions as to how we can fix it. Topic question: Generation Z will never be able to purchase their own homes. Why? How have house prices changed in Australia in the last 15 years? When surveyed, 85% of first homebuyers in Australia believed that an affordable home would be one priced at under $600,000 (Crommelin, n.d). However in Sydney, Australia’s most populous city, the median house price is over a whooping $1,000,000 (Crommelin, n.d). While the nation’s overall median house price had already surpassed $660,000 two years ago (The true extent of Australia’s rising property prices, 2015). With house prices quickly rising, it’s become clear to many, especially first home buyers, that the Great Australian Dream of owning your own home is now far off in the distance....
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...Case 28: Housing Prices GM533 Managerial Statistics April 11, 2012 I’m conducting an analysis between the price of a home in Eastville, Oregon and the factors which develop a home’s price. The data is analyzed using ANOVA (Analysis of Variance) and multiple regression hypothesis testing procedures. The regression analysis will help create a multiple regression fit which will incorporate the ten predictor variables of a home’s price. After the regression analysis is complete, global and local ANOVA tests will help eliminate the insignificant predictor variables and create the net significant regression equation. Even though the sample size is only representative of the houses in Oregon, the general trends that affect house prices are the same. Therefore, this multiple regression model will be useful in its predictions but limited in it’s use on more complex homes. In addition, there are more factors than the ten discussed that affect the price of a home (i.e. the economy, inflation, etc.); therefore the tool has limited power. As a homeowner, one should know his or her home’s accurate price in the market. This is an extremely important fact to know, so a person can decide when it’s appropriate to sell their home. There are several tools out there already such as Zillow.com but, these websites are giving prices that are estimated from the original price of a home. Using a regression equation will give the ability to have a second opinion on his or her home’s price. Even though...
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...Demand, Supply and Prices in the Housing Industry F. Hill ECO/365 Principles of Microeconomics July 30, 2014 Mr. Keith Watts Abstract The slowdown in the housing market in the US has been accompanied by a sharp fall in house prices and a glut of homes for sale in the market. While the idea that this high number of dwellings for sale should place downward pressure on house prices is intuitive, little empirical work has been done in this area to assess the factors affecting house prices. This paper explicitly models the relationship between changes in prices of houses and various measures of housing demand and supply. A simulation model has been included to help explain the evolution of the housing market and enable one determine the equilibrium price, quantity and prices. The company under consideration is GoodLife management- a property management company that manages seven communities in the city of Atlantis. Keywords: Housing market, supply and demand, price elasticity and economics. Introduction From the demand and supply curve of the firm, various microeconomics and macroeconomics can be identified. Microeconomics looks at the behaviors of individual people and companies within an economy. It is based on the idea of a market economy, in which forces of demand and supply are behind prices and production levels of goods and services. Microeconomics is concerned with supply and demand in individual markets, individual consumer behavior and individual labor markets...
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...AMERICAN UNIVERSITY OF BEIRUT COINTEGRATION BETWEEN MORTGAGE RATES AND HOUSING PRICES: CASE OF THE UNITED STATES by MOHAMAD SAMIR HAMMOUD A project submitted in partial fulfillment of the requirements for the degree of Master of Arts in Financial Economics to the Department of Economics of the Faculty of Arts and Sciences at the American University of Beirut Beirut, Lebanon March 2009 AMERICAN UNIVERSITY OF BEIRUT COINTEGRATION BETWEEN MORTGAGE RATES AND HOUSING PRICES: CASE OF THE UNITED STATES by MOHAMAD SAMIR HAMMOUD Approved by: ______________________________________________________________________ Dr. Simon Neaime, Professor Economics First Reader ______________________________________________________________________ Dr. Marcus Marktanner, Assistant Professor Economics Second Reader Date of project presentation: March 4, 2009 AMERICAN UNIVERSITY OF BEIRUT PROJECT RELEASE FORM I, Mohamad Samir Hammoud authorize the American University of Beirut to supply copies of my project to libraries or individuals upon request. do not authorize the American University of Beirut to supply copies of my project to libraries or individuals for a period of two years starting with the date of the project defense. ____________________ Signature ____________________ Date ACKNOWLEDGMENTS I would like to thank Professor Simon Neaime who directly and indirectly promoted my productivity by making me experience interesting challenges...
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...Impact of different window types in regulating natural ventilation of residential buildings of Dhaka, Bangladesh |Md. Nymul Haque¹ |Jinia Sharmeen² | |haque.nymul@gmail.com |jinia_lima@hotmail.com | Abstract Natural ventilation is most desirable for cooling and providing fresh air in residential buildings for better indoor air quality and thermal comfort. The natural ventilation performance is affected by a combination of internal and external factors. External factors include the location, the orientation, the prevailing wind speeds and the building forms of the residential development, which are subject to constraints beyond the control of site planners and architects. Whilst for internal factors like the openings configurations and window types, site planners and architects are always given free hand for a proper design. Dhaka, a city in the Tropics, has become such a city where with rapid urbanization users are moving towards mechanically ventilated buildings putting ever increasing demand on the dwindling energy resources. This paper focuses on the influences of window types on the natural ventilation of residential units in Dhaka in order to improve quality of indoor living environment. Primary objective of the study is an attempt to investigate...
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...History The area first developed about two hundred years ago in what was then the village of Holbeck. Activities such as flax spinning, iron casting and machine manufacturing were carried out in a range of steam-powered mills and workshops. Interspersed amongst these mills and factories were hundreds of families living in poor conditions in back to back houses. Why was an urban village created? The northern part of Holbeck is an area that is in need of major regeneration and in which there is now strong developer interest. It is also an area that is of great importance both historically, as the cradle of the industrial revolution in Leeds, and architecturally, with two conservation areas and a number of listed buildings including the Grade I Temple Works. The special nature of this area merits a special response from developers that respects the scale and quality of its important buildings, the diversity of the area and its potential to develop into a sustainable community. It was clear from the early schemes to re-develop the area a decade or so ago that this was not happening and that the special quality of the area was being lost. In order for the future of Holbeck to be sustainable, the traditional principles of a village, which include a mixture of living, working and recreational opportunities, need to be adopted. It appeared to be appropriate to regenerate the area as an urban village and the Urban Villages Forum (which promotes urban villages) confirms this. The area...
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...INTRODCTION Housing is both a social good, providing core security for families, neighbourhoods, societies and communities and an economic good stimulation growth and development. The country faces acute housing shortage with a deficit of over 1 million housing units in the midst of rapid population growth and rising urban population. It is common knowledge that the Housing deficit in Ghana now stands well over one (1) million houses. To address this deficit and accommodate new households, there is the need for an annual delivery of about 150,000 units for the next 20 years. GREDA PROBLEM DEFINITION The rate of construction of homes for a number of reasons has fallen behind the growth of population in general and the number of people entering the working class. This has created a big deficit in the country's housing delivery system, particularly in the urban centers. Needs assessment survey conducted in the housing sector in the 2000's was conclusive that the ideal housing properties on high demand are 2-4 bedroom houses in view of the large family size they tend to have. The trend in population growth coupled with the rising cost of building materials has shot up the prices of houses and rent chargeable is exorbitant. The size of the market for residential properties is large as it covers Ghanaian national's resident abroad. The general consensus is that the houses constructed are of poor quality and the finishing fall short of the dream houses that potential homeowners are...
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...countries or economies that have housing policies or measures to stabilize the housing markets. Provide your views or suggestions on the best measure to stabilize the housing markets that could be considered or used in Melbourne. In 2013, Melbourne’s population was 4.3 million. By the year 2030 Melbourne’s population is set to reach 6 million and by 2051 the population will jump to 7.8 million. With population growth of this magnitude the demand on housing will undoubtedly increase. In 2014, in his opening remarks at the Bundesbank/German Research Foundation/IMF Conference, Mr Min Zhu, Deputy Director of the International Monetary Fund (IMF) stated remarked: “Housing booms have different characteristics across countries and time periods. What is common is that when the bust comes, it very often damages financial stability and the real economy. The tools for containing housing booms are still being developed. The evidence on their effectiveness is only just starting to accumulate. The interactions of various policy tools can be complex. But all this should not be an excuse for inaction. The interlocking use of multiple tools might overcome the shortcomings of any single policy tool.” Indeed, as there are no magic bullets to ensure a stable housing market, it is prudent to therefore to review differing policies that are currently used by other countries to help stabilize their housing markets. In the paragraphs bellows are housing market policy examples or measures...
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...DEMAND AND SUPPLY FOR HOUSING The determination of prices in local and regional housing markets is a classic example of microeconomics in action! We are seeing the interaction between buyer and seller with prices being offered and agreed before a final transaction is made. In this section we focus on the demand and supply side factors that determine the value of properties in a market. Each housing transaction in the UK depends on a) The price that the seller is willing to agree for their property with the prospective buyer b) The actual price that the buyer is willing and able to pay. Buyers place offers for a property that the seller can either accept or reject A Sellers’ Market When the market demand for properties in a particular area is high and when there is a shortage of good quality properties (i.e. supply is scarce) then the balance of power in the market shifts towards the seller. This is because there is likely to be excess demand in the market for good properties. Sellers can wait for offers on their property to reach (or exceed) their minimum selling price. A Buyers’ Market Conversely when demand both for new and older housing is weak and when there is a glut of properties available on the market, then the power switches to potential buyers. They have a much wider choice of housing available and they should be able to negotiate a price that is lower than the published price. When the demand for houses in a particular area increases (perhaps because...
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...market failures in the UK housing market” (Extract C, lines 10 –12). In the light of this statement, evaluate the case for and the case against government intervention in the housing market in order to correct or to reduce market failures in such a market. (25) Market failure occurs whenever the market mechanism or price mechanism performs badly or unsatisfactorily, or fails to perform at all. This is causing an inequality within the distribution of wealth within the UK and therefore the consumers on higher income are buying more extravagant housing causing a higher market price for housing. One way in which the government could intervene is through subsidies from the government. The government can provide subsidies to the suppliers of the housing market to increase the output produced. As shown on the diagram a subsidy will shift the supply curve to the left. This is because the quantity of houses supplied will increase from Q1 to Q2 and then price would also decrease from P1 to P2. This will make it more affordable for the have not’s to purchase homes. The disadvantage of subsidies is the opportunity cost; the money provided by the government for housing could be spent elsewhere for example on the NHS in the UK as this causes billions of pounds a year. Another strategy the government could use is to have a maximum price on rented accommodation. This will cause a decrease in demand as landlords will not purchase excess housing meaning housing is more affordable. If...
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...fundamental and immediate concern to everyone. But The house prices remain high, so that "living" become a luxurious dream. "Justice of Inhabitation rights " becomes a big issue, and there have been heated debates on the it. The society in Taiwan tends to be heterogeneous. On the impact of the economic growth, many aborigines migrated from homeland to urban area for working. Because of the different culture and lifestyle, their migration brought about a phenomenon called “aborigines dwelling in cities”, and the first problem they faced was "where to live?". The object of this thesis(in depth reporting) "Sanying tribe" is considered to be unapproved construction project beside the river, and it has been being ordered to demolish since 1990. As a result, their life have been going from bad to worse. Then, they organized a self-help organization to protest themselves, and they have been getting a lot of public support for years. For solving the inhabitation problem, the government promote the Social Housing Policy , which emphasize that "rent it, not buy it", trying to reduce the cost of living. After a long-term resist, the Sanying tribe win a chance of the reconstruction plan, which is based on "Social Housing" , trying to re-build a "New Homeland" in city. This reports tried to find the answers for the following questions: 1. What the differences between the former relocation due to demolition, which called ''Public Housing of Sanxia, street Long En Bu" and the present reconstruction...
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...the same interest to make money for their company. The main focal company in this debate is SunCal, while Disney is considered a company, they are looked at as a stakeholder because stakeholder refers to a person or group that is affected by an organization’s decision or operations (Lawrence & Weber 2011), while at the current time (with no housing being built yet) Disney is merely a nonmarket stakeholders. This of course could change if housing is built and Disney and Suncal, now operating inside of the resort area, are conducting business with each other. Do to the fact that no houses were built all parties involved are considered nonmarket stakeholders to SunCal. These nonmarket stakeholders are Disney employees who stand to gain from the subsidized lower income housing. The city of Anaheim, who’s choice to change the zoning of the resort area to allow for personal family dwellings or can choose to deny the request. As well as other companies in the resort area who would lose building space as a result of the housing development. All of these current nonmarket stakeholders could change to market stakeholders if this housing track is built. A market stakeholder differs from a nonmarket stakeholder in that the market stakeholder is not just affected by the company’s actions, but are engaged in economic trade with a company (Lawrence & Weber 2011). I think that it should be pointed out that Disney was not...
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...cluster is very important. Although, not all these dimensions exist in one place, they still play an important role for the economy development for a place. And the place of interest I would like discuss is mainly focus on Beijing. Beijing is the capital city of China, which leads the Chinese economy. And now I analyze how Beijing housing policy could benefit from its organization and spatial structure. 1. Market Power a. I mentioned my policy in the last paper. The affordable housing policy is refer to the Chinese government organizes the real estate enterprises and some offices, which collect funds for cooperation housing-building to use the lower price than the market price of housing to sell to a median or low income families. So, the government made this policy, and made the price decision in the market. (Lower than the market price). Although, the government is not the investor for this policy, it still holds the market power to control the price of the housing in Beijing. 2. Competition a. There is no competition markets in my policy. As I said in the market power, the Beijing government holds the market power to control the price of affordable house. So, no other firms...
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