New Home Sales and Recessions - January 1963 to June 2009

The red line on this graph from www.calculatedriskblog.com shows new home sales from January 1963 through May 2009.  Recessionary periods are shown in the darker blue vertical bands.  Clearly, new home sales have fallen off a cliff after rising to historically high volumes during 2003 through 2005.  New housing starts are at the lowest level since the World War II year of 1945, when the population of the USA was less than half of what it is in 2009. HOUSING - 2009-05-31 - New Home Sales (1963-01-01 thru 2009-05-31)

H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
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