Depressed Home Construction Impedes Economic Recovery

On November 5, 2010, the Wall Street Journal published a chart (see below) that compares the recovery from the Great Recession to the ones following the two most previous recessions--2001 and 1990-91. Most striking, is the difference in what is happening with home construction, which decline by about 40% during the first 18 months after the recession began in 2007.  And housing construction remains at that very depressed level, in sharp contrast to what happened during and following the last two recessions.

H. Pike Oliver

Born and raised in the San Francisco Bay Area, H. Pike Oliver has worked on real estate development strategies and master-planned communities since the early 1970s, including nearly eight years at the Irvine Company. He resided in the City of Irvine for five years in the 1980s and nine years in the 1990s.

As the founder and sole proprietor of URBANEXUS, Oliver works on advancing equitable and sustainable real estate development and natural lands management. He is also an affiliate instructor at the Runstad Department of Real Estate at the University of Washington.

Early in his career, Oliver 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. Prior to relocating to Seattle in 2013, Oliver taught real estate development at Cornell University and directed the undergraduate program in urban and regional studies. He is a member of the Urban Land Institute, the American Planning Association and a founder and emeritus member of the California Planning Roundtable.

Oliver is a graduate of the urban studies and planning program at San Francisco State University and earned a master’s degree in urban planning at UCLA.

https://urbanexus.com
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Distressed Commercial Real Estate Sales at 22% - Up from 1% in 2007