What is residential construction and sales volume, exactly? How many housing units are built, and sold,...

What is residential construction and sales volume, exactly? How many housing units are built, and sold, in this country in a typical year (before March, 2020)?

Expert Solution

RESEDENTIAL CONSTRUCTION focuses on buildings people will live in. Homes, apartments, and housing complexes are all forms of residential construction. A residential building is

defined as the building which provides more than half of its floor area for dwelling purposes. In other words, residential building provides sleeping accommodation with or without cooking or dining or both facilities.

Sales volume is the number of units that are sold in a given time period. It is the quantity of items,here the number of residents, a business sells during a given period, such as a year or a reporting period .,To calculate the required sales volume, the targeted income is added to fixed costs, and the total is divided by the contribution margin ratio to determine required sales dollars, or the total is divided by contribution margin per unit to determine the required sales level in units

This figure is monitored by investors to see if a business is expanding or contracting.

RESEDENTIAL CONSTRUCTION AND SALES VOLUME:

It is the number of houses or residents sold in a given year.It is also the number of houses built for sales.

NUMBER OF HOUSES BUILT AND SOLD ,BEFORE MARCH 2020:

In 2019, there were 6 million homes sold in the U.S. and this figure was projected to decrease to 4.8 million by 2020. The number of home sales has steadily risen since 2011, except for a slight dip in 2014.

Rahul Sunny answered 2 years ago

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