Yes, they say Lies, Damned Lies and Statistics? Well, to that we may add Stupid moves!
As mentioned, I have been traveling and, lo and behold, there is some equipment moving and construction sites are being leveled. (and they couldn't all be Public buildings). The irony of it all is they are starting construction of additional buildings when, within 3 miles, sitting vacant, is more floor space than one of those empty Chinese cities! They could not build anything short of the Dubai skyscraper that is not a duplicate of some vacant building in the same county!
Now, I remember during the S&L boom, buildings were constructed alongside empty buildings of similar size and design simply because there was money in the construction!