building house

How Does Building Houses Help The Economy

There is an immediate increase in governmental income from building fees, taxes on workers wages, and taxes on the sale and transport of building materials. Increased sales taxes can also be expected as workers spend their wages and the residents purchase supplies and services for their new homes..When house prices are rising rapidly, banks see an improvement in the value of their assets. They feel more confident in increasing bank lending and reducing their reserve ratio. The long housing boom of , was one factor that encouraged bank lending to increase. Some former building societies .

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    A pit house or pithouse is a building that is partly dug into the ground, and covered by a roof. Besides providing shelter from extremes of weather, these .

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    A slum is a highly populated urban residential area consisting mostly of closely packed, decrepit housing units in a situation of deteriorated or incomplete .

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