Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Macro-economic leading indicators of construction contract prices
An understanding of future trends in construction prices is likely to influence the construction investment strategy of a variety of interested parties, ranging from private and public clients to construction contractors, property speculators, financial institutions, and construction professionals. This paper derives leading indicators for construction prices in the United Kingdom. These indicators are based on two experimental methods: turning points of the basic indicators in relation to construction price turning points; and predictive power of lags of the basic indicators. It is concluded, based on the analyses, that unemployment level, construction output, industrial production, and ratio of price to cost indices in manufacturing are consistent leading indicators of construction prices. Building cost index and gross national product constitute coincident indicators. 'Popular' macro-economic time series such as nominal interest rate, inflation rate, real interest rate, all share index and money supply produced inconclusive results.
Macro-economic leading indicators of construction contract prices
An understanding of future trends in construction prices is likely to influence the construction investment strategy of a variety of interested parties, ranging from private and public clients to construction contractors, property speculators, financial institutions, and construction professionals. This paper derives leading indicators for construction prices in the United Kingdom. These indicators are based on two experimental methods: turning points of the basic indicators in relation to construction price turning points; and predictive power of lags of the basic indicators. It is concluded, based on the analyses, that unemployment level, construction output, industrial production, and ratio of price to cost indices in manufacturing are consistent leading indicators of construction prices. Building cost index and gross national product constitute coincident indicators. 'Popular' macro-economic time series such as nominal interest rate, inflation rate, real interest rate, all share index and money supply produced inconclusive results.
Macro-economic leading indicators of construction contract prices
Akintoye, Akintola (Autor:in) / Bowen, Paul (Autor:in) / Hardcastle, Cliff (Autor:in)
Construction Management and Economics ; 16 ; 159-175
01.03.1998
17 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Macro-economic leading indicators of construction contract prices
| British Library Online Contents | 1998
Macro-economic leading indicators of construction contract prices
| Online Contents | 1998
MACRO MODELS OF UK CONSTRUCTION CONTRACT PRICES
| Taylor & Francis Verlag | 1993
Engineering Index Backfile | 1939
Engineering Index Backfile | 1941