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The Great Recession Of 2007 And The Housing Market Crash: Why Did So Many Builders Fail?, Mohamad Ali Hasbini
The Great Recession Of 2007 And The Housing Market Crash: Why Did So Many Builders Fail?, Mohamad Ali Hasbini
USF Tampa Graduate Theses and Dissertations
The “Great Recession” of 2007 created havoc in the homebuilding industry, more than any other previous economic down cycle. Countless seasoned local homebuilders across the country did not survive. The impact of their failure on the economy, community, employment, lenders, suppliers, and subcontractors was devastating. While previous studies have sought to identify the symptoms and causes of business failure, very little research has been done on home builder business failure due to acts, omissions, characteristics, or other events which are non-financial. Specifically, those that are attributable to the failed entities' top management and leadership during the housing crisis and the …