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Arizona is among the leading states for job creation in construction, manufacturing and information technology, and population growth is expected to exceed 100,000 new residents this year. Wage increases in the Phoenix area are now outpacing peer Western metros.
Is this stellar growth sustainable in the face of gathering headwinds at the national level? How will the Arizona economy fare in 2020? Can the state build affordable housing to support population growth? What are the odds of a recession?
Dennis Hoffman, professor of economics and director of the Seidman Research Institute, will examine recent national trends and discusses the factors that will influence those trends going forward.
Lee McPheters, research professor of economics and director of the JPMorgan Chase Economic Outlook Center, will offer a first look at the year ahead for Arizona and the Phoenix metro area, along with an update on year-to-date performance in 2019.
Mark Stapp, Fred E. Taylor Professor in Real Estate and executive director of the Master of Real Estate Development program, will explain the concerns over affordable housing amid the rapid growth in home prices.
When: 11:30 a.m. to 1:30 p.m. Thursday, May 2.
Where: The Scottsdale Resort at McCormick Ranch, 7700 E. McCormick Parkway, Scottsdale, Arizona
Media note: Prior to the luncheon, Hoffman, McPheters and Stapp are available for on-site interviews from 10 to 11 a.m. Reporters and photojournalists are asked to RSVP in advance of the event by emailing firstname.lastname@example.org, managing editor for ASU’s W. P. Carey School of Business.