The Financial Recovery of Region From Economic Disruptions and Resiliency of Real Estate — Construction Sector: A Case Study of Southeast Texas Economy and Real Property Values
DOI:
https://doi.org/10.33423/jabe.v26i2.6979Keywords:
business, economics, financial recovery, economic disruption, economic growth, resiliency, best practices of risk management, real estate - construction sector, residential and industrial/commercial real estateAbstract
This study examines the financial recovery of Southeast Texas post-economic disruptions, particularly focusing on the real estate-construction sector's resilience, a key economic driver in the region. It analyzes macroeconomic indicators, emphasizing the sector's role in the region's recovery. The research highlights risk management as crucial for financial resilience in real estate-construction. Three key innovative aspects include: (1) Southeast Texas historically relies on real estate-construction for economic growth, with financial stability linked to major industries. (2) Utilizing the Participatory Analysis of Risk Management (PARM) methodology, focusing on the region's real estate-construction sector. (3) Enhancing PARM results through financial valuation of residential and industrial/commercial properties in Southeast Texas, enabling longitudinal analysis and a deeper understanding of the region's financial stability and resilience. This study underscores the importance of studying the real estate-construction sector for the region's economic well-being post-disruptions.
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