[Winblast-announcement] NUMBER ONE Success System

[Tommy Lee]

http://www.noss123.com/


Housing supply is produced using land, labour, and various inputs such as
electricity and building materials. The quantity of new supply is determined
by the cost of these inputs, the price of the existing stock of houses, and
the technology of production. For a typical single family dwelling in
suburban North America, approximate percentage costs can be broken down as:
acquisition costs 10%, site improvement costs 11%, labour costs 26%,
materials costs 31%, finance costs 3%, administrative costs 15%, and
marketing costs 4%. Multi-unit residential dwellings typically break down
as: acquisition costs 7%, site improvement costs 8%, labour costs 27%,
materials costs 33%, finance costs 4%, administrative costs 17%, and
marketing costs 5%. Public subdivision requirements can increase development
cost by up to 3% depending on the jurisdiction. Differences in building
codes account for about a 2% variation in development costs. However these
subdivision and building code costs typically increase the market value of
the buildings by at least the amount of their cost outlays. A production
function such as Q=f(L,N,M) can be constructed in which Q is the quantity of
houses produced, N is the amount of labour employed, L is the amount of land
used, and M is the amount of other materials. This production function must,
however, be adjusted to account for the refurbishing and augmentation of
existing buildings. To do this a second production function is constructed
that includes the stock of existing housing, and their ages, as
determinants. The two functions are summed yielding the total production
function. Alternatively an hedonic
pricing<http://en.wikipedia.org/wiki/Hedonic_regression>model can be
regressed.
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