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.
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).