3 Page 771 of 1125 Case 17.6 Do higher interest rates reduce the availability of new housing? C17-06 A homebuilders' ass

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3 Page 771 Of 1125 Case 17 6 Do Higher Interest Rates Reduce The Availability Of New Housing C17 06 A Homebuilders Ass 1 (269.54 KiB) Viewed 107 times

3 Page 771 of 1125 Case 17.6 Do higher interest rates reduce the availability of new housing? C17-06 A homebuilders' association lobbying for various home subsidy programs argued that, during periods of high interest rates, the number of building permits issued decreased drastically, which in turn reduced the availability of new housing. The raw data, part of which is listed in the following table, were presented as part of their argument. Analyse the data. Interest rates 1 housing loons) x Building approves 1000 155.0 8.25 141.8 4 80 164.4 200 1700 2013 5.53 1049 5.51 222.5 Source Australian Bureau of Statistics, Australian Economie di cors catro 13500 ABS Combarro CC BY 2.5 AU htpc.vatly C Commen) ong li cn 80 tuyến / n ngaceae