Some Economic Trends

In order to understand the economy, it is important to analyze data. Data show that there is an increase in construction spending from 2011 to 2013. Construction spending continues to increase in January 2014 compared to January 2013. There is also an increase in manufacturing and trade inventories and sales from April 2013 to today. However, there is a decrease in housing vacancy and homeownership rate from 2011 to 2013 in all quarters. Housing vacancy and homeownership rate continues to decrease in the first quarter of 2014.

According to the US Census Bureau, in the United States, there was a total construction spending of 9446498 dollars in 2011, 10214274 dollars in 2012, and 10780330 dollars in 2013. The US Census Bureau goes on to show that there was also an increase in construction spending in terms of months from 2011 to 2013. In January 2011, the total spending construction in the U.S was 757,039 dollars. It increased in January 2012 and 2013. It was 817,616 dollars in January 2012. In January 2013, it was 863,136 dollars. In February 2011, it was 754,169 dollars. In February 2012, it was 823,331 dollars. It was 869,909 dollars in February 2013. Construction spending also increased in the other months of 2012 and 2013.

According to the US Census Bureau, there is also an increase in manufacturing and trade inventories and sales from April 2013 to today.

According to the United States Census Bureau, housing vacancy and homeownership rate in the first quarter of 2011 was 9.7. It goes down to 8.8 percent in 2012 and 8.6 percent in 2013. Housing vacancy and homeownership rate in the second quarter of 2011 was 9.2. It goes down to 8.6 percent in 2012 and 8.2 percent in 2013. It was 9.8 percent in the third quarter of 2011. It goes down to 8.6 percent in 2012 and 8.3 percent in 2013. Housing vacancy and homeownership rate in the fourth quarter of 2011 was 9.4 percent. It goes down to 8.7 percent in 2012 and 8.2 percent in 2013. Housing vacancy and homeownership rate continues to decrease in the first quarter of 2014.

In conclusion, there is an increase in construction spending from 2011 to 2013. Construction spending continues to increase in January 2014 compared to January 2013. There is also an increase in manufacturing and trade inventories and sales from April 2013 to today. However, there is a decrease in housing vacancy and homeownership rate from 2011 to 2013 in all quarters. Housing vacancy and homeownership rate continues to decrease in the first quarter of 2014.

Workes cited

See: United States Census Bureau , TIME SERIES / TREND CHARTS, Feb. 10, 2014.

http://www.census.gov/econ/currentdata/dbsearch?program=HV&startYear=2011&endYear=2014&categories=RATE&dataType=RVR&geoLevel=US&notAdjusted=1&submit=GET+DATA

Education:

AA, Palm Beach State College (May 2012)

BS, Florida Atlantic University (Expected date of Graduation, May 2014. 2 more economics electives courses to go).

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Comments 5 comments

grand old lady profile image

grand old lady 2 years ago from Philippines

I wonder if that's an indication that the economy is reaching some kind of arc? If house building is on the rise, perhaps they expect that people will soon be investing once again in home ownership? If housing vacancy is decreasing, I guess that means people are choosing either to live with their families or rent? Could home ownership be decreasing for the same reason? If so, does this indicate a transition period and that home ownership is expected to also rise in time?


rebelogilbert profile image

rebelogilbert 2 years ago from Hacienda Heights, California

Paulynice, I get the same impression as explained by the grand old lady who commented above. You list encouraging statistics about growth in manufacturing and house building and it certainly encourages a sense of optimism. But we can't ignore the negative stats about decreasing home vacancies. There are other complex factors that are effecting the economy right now. One big problem is that wealthy investors are in charge of running the majority of the country. Weak middle class and lower class poverty stricken people are suffering the most.


paulynice roldens profile image

paulynice roldens 2 years ago from Boca Raton, Florida Author

Yea my friend, I have that indication too...


Ann1Az2 profile image

Ann1Az2 2 years ago from Orange, Texas

Interesting hub and thought-provoking. Construction spending is not a true indicator of the economy; that's obvious. If there are fewer people buying homes, it's because of several reasons. They are too poor to afford a home. They can't qualify for a loan because of credit problems or whatever other reasons. They are unemployed. So what is a better indicator of how the economy really is - big business building, or lack of home buyers?


vkwok profile image

vkwok 2 years ago from Hawaii

This is definitely something to think about.

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