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June 2020 Economic Outlook Highlights
 

June 2020 Economic Outlook - Forecast for the U.S. and CA

Allen Matkins/UCLA Anderson Forecast CRE Survey Results with John Tipton

What Will Cities Look Like Post-Pandemic? with Richard Florida

Housing Market Analysis with Ivy Zelman

California Home Affordability with Conor Dougherty

Uncertainty Clouds California Economy; State’s Recovery Will Mirror That of the Nation

The Post-COVID Economy

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June 2020 Economic Overview
 

June 24th will be the first quarterly Forecast conference since our recession call mid-March. Much has happened since then. With a record high layoff/furlough rate, record high support/stimulus packages and public health policy interventions the economy is in unchartered waters.

The depth of the recession will be worse than anything since the 1929-1933 crash. But what about the expansion? Will it be slow as in the aftermath of 2008/2009 or fast like 1983? And how will the economic landscape, now scarred by the pandemic, change? In addition to this broad focus, in conjunction with the Ziman Center for Real Estate, featured guest speakers will weigh in on the pandemic and recession’s impact on housing markets.

The June 24 Economic Outlook conference, which will be brought to you live streamed over Zoom and if permitted, with a limited on-Campus audience, will take a first look at these topics.

Key Topics
  • What will the Post-COVID economy look like?
  • Is the 35%-40% estimated annualized decline in the real GDP represent the bottom, or will the decline continue into the third quarter?
  • Housing was booming going into March. Will the current COVID induced drop in housing activity be temporary or something more fundamental?
  • Will the COVID pandemic signal an end to the urban housing boom and a shift back to the suburbs?
  • How are residential real estate markets across the U.S. and in California responding to the coronavirus pandemic?
  • Could there be unintended consequences of California's new tenant protection law on residential real estate markets?
8:30 - 8:40 a.m. Welcome + Introductions

Jerry Nickelsburg, Director, UCLA Anderson Forecast
8:40 - 10:00 a.m. UCLA Anderson Forecast for the Nation and California, Following a Q&Q with the Forecast Team

David Shulman (MBA '66, Ph.D. '75), Senior Economist, UCLA Anderson Forecast
Jerry Nickelsburg, Ph.D., Director, UCLA Anderson Forecast
Edward Leamer, Ph.D., Professor Emeritus, UCLA Anderson
William Yu, Ph.D., Economist, UCLA Anderson Forecast
Leila Bengali, Ph.D., Economist, UCLA Anderson Forecast
10:00 - 10:20 a.m. Allen Matkins/UCLA Anderson Forecast CRE Survey Results

A conversation with John Tipton, Partner at Allen Matkins, hosted by Jerry Nickelsburg
10:20 - 10:40 a.m. Housing Market Analysisy

A conversation with Ivy Zelman, CEO, Zelman & Associates, hosted by David Shulman
10:40 - 11:00 a.m. What Will Cities Look Like Post-Pandemic?

A conversation with Richard Florida, Professor, Urbanist and Writer, hosted by Jerry Nickelsburg
11:00 - 11:20 a.m. California Home Affordability

Edward Coulson, Director, Center for Real Estate, UCI Merage School of Business

Jerry Nickelsburg

Adjunct Professor
Director, UCLA Anderson Forecast

David Shulman

Senior Economist
Director, UCLA Anderson Forecast

William Yu

Economist,
UCLA Anderson Forecast

Edward Leamer

Distinguished Professor
Chauncey J. Medberry Chair in Management
Director Emeritus, UCLA Anderson Forecast

Leila Bengali

Economist
UCLA Anderson Forecast

John Tipton

Partner
Allen Matkins

Ivy Zelman

Chief Executive officer
Zelman & Associates

Richard Florida

Professor, Urbanist, Writer

Conor Dougherty

Economics Reporter
The New York Times