Per Capita Housing Production in USA at Lowest Rate Since World War II

In the USA, annual production of new housing has declined dramatically since 2006. The decline began more than two years before the near collapse of the financial system in September 2008.  By mid 2010, per capita production of new housing stood at levels not seen since the depths of the Great Depression in 1933 and in 1944 during World War II.

More recent data shows that per capita sales of new housing have declined further since 2008.

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.

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Months of Supply of Existing Housing on the Market

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