September 2015 Economic Outlook

September 2015 Economic Outlook


UCLA Anderson Forecast: Nation and Region Remain Healthy

Additional Reports Looks at U.S. and Los Angeles Housing Markets

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Housing is Back

After a long, hard slog, housing starts (both single and multi-family) are poised to approach the long-term average (1959-2014) of just under 1.5 million units in 2016.

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UCLA Anderson Forecast


Forecast for California Real Estate Market Signals Boom in Multi-Family Housing

THe UCLA Anderson Forecast sustained an optimistic theme throughout the September edition of its quarterly conference. The positive economic feelings began with the presentation of the national and California forecasts, presented by Forecast Director Ed Leamer and Senior Economist Jerry Nickelsburg respectively, and a keynote address from Dr. John C. Williams, President and CEO, Federal Reserve Bank of San Francisco.

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Forecast: Federal Reserve Bank of San Francisco's John C. Williams says Economy is Moving in the Right Direction

Everything seems to be moving in the right direction, according to Dr. John C. Williams, president of the Federal Reserve Bank of San Francisco and keynote speaker at UCLA Anderson Forecast's third Quarterly forecast in 2015.

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UCLA Anderson Forecast: Quarterly Economic Report Looks at U.S. and Los Angeles Housing Markets

The forecast for the national economy for the next two years is a healthy one, a slim chance of a recession and a slight chance of a surge in growth. In California, the forecast remains largely unchanged since June. Growth in employment in California will continue, albeit it at a slower pace by 2017, as the unemployment rate falls to about 4.8%, similar to that of the nation as a whole.

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Home Ownership Decline: A Bump in the Road for the Housing Market?

THe national home ownership rate has followed a bumpy rollercoaster with a series of up-and-down movements in the past 20 years, with the end of 2014 marking a period of notable decline. This downward ttrend has fueled speculation about the future of home ownership in the United States following risks exposed during the recession and foreclosure crisis, as the U.S. home ownership rate fell to the lowest level in more than two decades in the fourth quarter of 2014.

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National Outlook

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State Outlook

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Local Outlook

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Keynote: John Williams, CEO and President, Federal Reserve Bank of San Francisco

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Building for California's Future

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The Future of Mortgage Finance

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September 2015 Economic Outlook

Interest rates are going up. Boomers are becoming Seniors. Gentrification takes hold. Will California have enough housing and the right housing in the future? Will we be able to afford it? John Williams, President of the San Francisco Federal Reserve Bank will give his perspective on interest rate policy and two panels of experts will address these questions in the upcoming September 28 Anderson Forecast Conference.
12:15 - 1:15p Registration
1:15 - 2:00p UCLA Anderson Forecast for the Nation and State
2:00 - 2:35p Keynote: John Williams, President of the San Francisco Federal Reserve Bank
2:35 - 2:50p Break
2:50 - 3:15p Setting the Stage for Real Estate
3:15 - 4:00p Panel 1:Building for California's Future
4:05 - 4:50p Panel 2: The Future of Mortgage Finance
4:50p Wrap-up and Closing
Key Topics
What did the Fed tell us at their September meeting? Get the Answer from San Francisco Fed President John Williams.
Are we back on track to 3% real GDP growth?
Will housing activity return to "normal" in 2016?
How hot is the multi-family housing market?

John Williams

Dr. John Williams, President and CEO, Federal Reserve Bank of San Francisco

Edward Leamer, Director, UCLA Anderson Forecast

David Shulman, Senior Economist, UCLA Anderson Forecast

Jerry Nickelsburg, Senior Economist, UCLA Anderson Forecast

William Yu, Economist, UCLA Anderson Forecast

Stuart Gabriel, Director, UCLA Ziman Center for Real Estate

Joel Singer, CEO, California Association of Realtors

Kent Crandall, CFO, MBK Real Estate Companies

Paul Habibi, Lecturer of Finance and Real Estate, UCLA Anderson School

John Tipton, Partner, Allen Matkins

Shawn Miller, CEO, 5 Arch Funding Corp.

Kevin Ratner, President, Forest City Residential West

Franco Terango, Senior Vice President, Mortgage Retail Sales Executive, Bank of America

Kerry Vandell, Real Estate Finance Professor, UC Irvine


UCLA Anderson Forecast