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OC Housing Market, Construction Are on Fire

Construction jobs are growing by the thousands and the market remains significantly short on housing units in a region where recession is “not in the cards” for the near future, Dr. Wallace Walrod tells RealShare Orange County attendees Thursday.

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Dr. Wallace Walrod Walrod said he doesn’t see a recession happening within the next 12 to 18 months.

COSTA MESA, CA—Orange County construction jobs are growing by the thousands, and the market remains significantly short on housing units in a region where recession is “not in the cards” for the near future, Dr. Wallace Walrod told attendees at RealShare Orange County here Thursday. Walrod, chief economic adviser for Orange County Business Council, gave a keynote presentation called “Drivers of Orange County Economic Growth and Future Trends to Watch” at the conference.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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