Shea is pricing materials (wood, wire, pipe, etc.) for new home construction on a per unit basis.
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Shea is pricing materials (wood, wire, pipe, etc.) for new home construction on a ‘‘per unit’’ basis. Inflation on materials has been running at 16 percent for the past 3 years and is expected to remain at that rate for the next 10 years. The actual dollars paid for expenses right now for a ‘‘unit’’ are $55,000.
a. What did the same set of materials cost 3 years ago?
b. If the trend continues, what will they cost 10 years from now?
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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