ISIDORO, MARYNADINE P.

ARCH52S4

When it comes to comprehending the economy and its variations, architects must have a firm grasp
of economic cycles and how they affect the architectural and design industries. Economic expansion and
contraction occur, and it is critical to be prepared for these shifts since they will affect both present and future
building projects. An economic cycle is the up and down movement of an economy, in which expansion is
followed by a recession, followed by further growth. Architects should understand the major economic cycles
and how they impact the construction sector. As architects are frequently contracted to design buildings for
a variety of organizations, it is essential to have a solid awareness of the current economic condition in order
to develop projects that are both sustainable and long-lasting. Furthermore, understanding your client's or
potential customer's financial situation can assist you in deciding what kind of tasks to take on and allocating
the appropriate resources for each assignment. Architects will have a better knowledge of how to adapt to
changes in the construction and real estate sectors if they study more about economic cycles.
The building and real estate markets, like the rest of the economy, are continually evolving. To remain
competitive in an ever-changing market, architects must be informed of current economic trends and how
they affect the design and construction of new buildings. Understanding economic cycles and current trends
allows architects to better grasp the demands and preferences of their target audience and build projects
appropriately. Many projects are constructed during an economic crisis before economic circumstances
recover, and corporations are obliged to cut back on expenditure in order to minimize their debt. Furthermore,
a recession typically leads to an increase in unemployment and a reduction in consumer confidence, both of
which can have a detrimental influence on the demand for new building.