Arizona Economic Outlook Analysis and Data

Arizona Cruises into the Long-Run: The 30-Year Outlook

Third Quarter 2018 Economic Outlook Update

By George W. Hammond, Ph.D., Director and Research Professor, EBRC
September 1, 2018

More than nine years into the current expansion, Arizona continues to post solid growth in jobs and income. The Phoenix Metropolitan Statistical Area (MSA) remains the engine of state job gains, but Tucson is contributing as well. All major industries in Arizona added jobs during the past year, with construction employment finally firing on all cylinders. Housing permits are up, but not enough to restrain rapid house price increases. Overall, the state housing market is not yet in the red zone, but housing affordability will become more of a concern in the near future. Read full forecast article...

*numbers are from EBRC's August 2018 quarterly forecast (next forecast update: December 2018)

Arizona Forecast (Statewide) 
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Phoenix-Mesa-Scottsdale MSA (Maricopa and Pinal Counties)

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Tucson MSA Forecast (Pima County)

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