The W. P. Carey School’s top economists weighed in on conditions in Arizona and across the nation at the Annual Economic Outlook Luncheon. Moderated by dean emeritus and management professor Robert Mittelstaedt, the speakers looked at unemployment, the labor markets, the housing market and the state budget, among other topics.
Arizona and the nation
2013 is shaping up better in Arizona than in other states, but it’s still the seventh lean year of subpar growth for the state. That was the assessment of Lee McPheters, research professor and director of the W. P. Carey School’s JPMorgan Chase Economic Outlook Center. McPheters was speaking at the school’s annual Economic Outlook Luncheon on May 16. Dean Emeritus Robert Mittelstaedt introduces McPheters and comments on the role of productivity gains in the recovery. Follow Lee McPheters' slides
The Housing Market
Mike Orr, director of the Center for Real Estate Theory and Practice, paints a picture of a housing market in the Phoenix metropolitan area that is returning to normal in terms of delinquency rates and foreclosures. Supply continues to be chronically constrained, however, with prices rising and a home construction sector that is growing slower than population. Follow Mike Orr's slides
The State of Arizona
Dennis Hoffman, director of the L. William Seidman Research Institute at the W. P. Carey School of Business, delivered this analysis at the school’s annual Economic Outlook Luncheon. His headline? “It Could Be Better …” Follow Dennis Hoffman's slides