Question

In: Economics

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)?

Solutions

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.


Related Solutions

What is volume? What is the abbreviation for volume? What are the possible units of volume?...
What is volume? What is the abbreviation for volume? What are the possible units of volume? What are the SI units for volume? What is the volume equation? What are two examples of volume?
a. How many units are estimated to be sold if Skyline, Inc., has a planned production...
a. How many units are estimated to be sold if Skyline, Inc., has a planned production of 880,000 units, a desired beginning inventory of 130,000 units, and a desired ending inventory of 80,000 units? Estimated sales ____ units b. Each unit requires direct labor of 1.80 hours. The labor rate is $11.00 per hour and next year’s direct labor budget totals $554,400. How many units are included in the production budget for next year? Do not round intermediate computation. ___...
as follows:         Sales (160,000 units)        $960,000         Cost of goods sold           
as follows:         Sales (160,000 units)        $960,000         Cost of goods sold              640,000         Gross margin                     320,000         Operating expenses          260,000         Operating income              $60,000 Kramer is developing the 2016 budget. In 2016 the company would like to increase selling prices by 12.5%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. a)...
Cora Corporation produces refrigerator units. The company’s normal production and sales volume of Standard units is...
Cora Corporation produces refrigerator units. The company’s normal production and sales volume of Standard units is 5,500 units per month, and units sell for $970 each. The costs of manufacturing and marketing a Standard model are as follows:   Variable manufacturing cost per unit $ 340   Variable marketing cost per unit 90   Fixed product cost 550,000   Fixed period cost 440,000 The company is considering diversifying the product line to include two additional models, Economy and Deluxe, which would sell for $830...
For a new product, sales volume in the first year is estimated to be 80,000 units...
For a new product, sales volume in the first year is estimated to be 80,000 units and is projected to grow at a rate of 4% per year. The selling price is $12 and will increase by $0.50 each year. Per-unit variable costs are $3, and annual fixed costs are $400,000. Per-unit costs are expected to increase 5% per year. Fixed costs are expected to increase 8% per year. Develop a spreadsheet model to calculate the net present value of...
Data on the two products are as follows : Alpha BETA Sales in volume in units...
Data on the two products are as follows : Alpha BETA Sales in volume in units 520 420 units sale price $300 $400 units variable cost 200 240 units contribution margin $100 $160 Total fixed costs for the manufacture of both products are $100,000. Assuming that sales mix in terms of unit remains constant, what is the breakeven point in total revenue dollars?
For a new product, sales volume in the first year is estimated to be 50,000 units...
For a new product, sales volume in the first year is estimated to be 50,000 units and is projected to grow at a rate of 7% per year. The selling price is $100 and will increase by $10 each year. Per-unit variable costs are $22 and annual fixed costs are $1,000,000. Per-unit costs are expected to increase 4% per year. Fixed costs are expected to increase 10% per year. Develop a spreadsheet model to predict the net present value of...
Sales price per unit: (current monthly sales volume is 120,000 units). . . . $25.00 Variable...
Sales price per unit: (current monthly sales volume is 120,000 units). . . . $25.00 Variable costs per unit: Direct materials. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6.60 Direct labor. . . . . . . . . . . . . . . ....
What is the basic monomeric unit of a protein? How many different units are there? How...
What is the basic monomeric unit of a protein? How many different units are there? How are they similar and how are they different?
TABLE 10-16 A realtor wants to compare the average sales-to-appraisal ratios of residential properties sold in...
TABLE 10-16 A realtor wants to compare the average sales-to-appraisal ratios of residential properties sold in four neighborhoods (A, B, C, and D). Four properties are randomly selected from each neighborhood and the ratios recorded for each, as shown below. A: 1.2, 1.1, 0.9, 0.4 C: 1.0, 1.5, 1.1, 1.3 B: 2.5, 2.1, 1.9, 1.6 D: 0.8, 1.3, 1.1, 0.7 Interpret the results of the analysis summarized in the following table: Referring to Table 10-16, what should be the decision...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT