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Where are US states in their recoveries, and what does the outlook hold?

The economic fallout stemming from COVID-19 has varied widely across the US. We will unpack the regional performance to date with a focus on the labor and housing markets. This will set the stage for our discussion of the near-term outlook and timing of employment recoveries.



Speakers

Karl Kuykendall
Associate Director, US Regional Economic Service, IHS Markit

Troy Walters
Senior Economist, US Regional Economic Service, IHS Markit

John Raines, Ph.D.
Principal Global Risks Adviser and Head of North America, Economics & Country Risk, IHS Markit

Key topics

  • Which states endured the deepest job losses and where are they now in the recovery process?
  • When will states fully recoup the devastating March/April job losses? Which regions are best poised for growth over the rest of 2020 and into next year?
  • Residential housing markets have held up well throughout the crisis. What are the factors driving this resilience? Which states' real estate markets have shrugged off the pandemic and which have been impacted?
  • How are state housing markets expected to perform in the second half of 2020? Which will see the fastest growth in home prices and new construction?
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