2019 Inland Empire Economic Forecast
The House That Wasn’t Built
Housing Scarcity: The Inland Empire’s ‘Natural’ Barrier To Economic Growth
Program: 8:30-11:30 a.m.
While the Inland Empire has experienced the strongest local job growth in Southern California since the Great Recession, expansion of the region’s housing stock has been woefully slow relative to past cycles.
Housing scarcity is a natural barrier to growth in any labor force and the Inland Empire’s lack of work force growth has led to the tightest labor market the region has ever experienced. Employers are already finding it difficult to fill positions—and that struggle will intensify unless there is a surge in new housing construction locally.
Why hasn’t the Inland Empire’s housing stock kept up with demand?
What does the shortage mean for local home prices, rents, and demographics given that employers across Southern California are competing for a limited supply of workers?
The 2019 Inland Empire Economic Forecast Conference, hosted by the UC Riverside School of Business, will feature some of the nation’s leading economists along with key business and government leaders from across the region. A roster of vibrant speakers will answer today’s most pressing questions about the IE’s housing and economic future. We hope to see you in November!
Featured Speakers:
Christopher Thornberg
Director
Center for Economic Forecasting & Development
Robert Kleinhenz
Executive Director of Research
Center for Economic Forecasting & Development