Question
You have been asked to estimate project the total demand for owner-occupied housing in a certain market for 2025. a. If the total population of
You have been asked to estimate project the total demand for owner-occupied housing in a certain market for 2025. a. If the total population of the market grew from 22,000 people in 2000 to 30,000 people in 2015, what would the average annual rate of population growth be? b. At this rate of growth, what would you estimate the population of the market to be in 2025? c. If average household size in this market is 2.75 people per households, what would the projected number of households be in this market for 2025? d. If the homeownership rate in this market is 68%, how many owner-occupied households will there be in 2025?
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
