My column for the January issue of Builder & Developer magazine is now posted online. This month's issue, which is entitled "After-Effects from 'The Great Recession' Continue to Linger" -- discusses the slow economic rebound to come in 2011, how apartment demand will rebound first and offers the latest building forecasts for the year.
An excerpt:
Although the National Bureau of Economic Research officially declared the ‘Great Recession’ over in June of 2009, over 18 months later the building industry continues to wait for that proverbial light at the end of the tunnel. Sure, there were some rumblings of activity in the land market in early 2010 as it seemed that a rebound was imminent, but that turned out to be related more to homebuyers taking advantage of tax credits than sound economic fundamentals. So what can we expect in 2011?...
Click here to read the entire column.
Click here to read the entire magazine in digital format.
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