ely market the home to consumers. In addition, mortgage bankers and loan processors are involved with arranging the financing for homes, and the interest from home loans provides financial institutions with additional capital to be loaned or invested in other projects. Thus, even a single housing development can thus bring considerable economic benefit to a community simply by being undertaken (McClenahen, 1998, p. 152).
The number of houses being built both locally and nationally is also used as an indicator how the performance of the economy as a whole. Since houses are typically the single most expensive purchase that an individual makes in a lifetime, and since most homebuyers take on considerable debt to make the purchase, consumers must be confident in their ability to repay the loan before purchasing the house. Housing starts, based on the permits that are registered by home builders, also indicate that a particular area is enjoying rela
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