Author Archives: Lee R. McPheters

About Lee R. McPheters

Lee R. McPheters is a professor of economics and senior associate dean of the W. P. Carey School of Business at Arizona State University. He is also director of the JP Morgan Chase Economic Outlook Center.

Non-Residential Building Feeling Effects Of Recession

nonresidential building outlook

Although non-residential building held up longer than residential activity in the current recession, the non-residential downturn now has started and is expected to continue into 2010. Non-residential building began to increase strongly at the beginning of 2006, just as residential activity started to sag. Double-digit growth continued in seven of the next 10 quarters, propping… Read More →

The Recession In Arizona And The Nation Could Drag On For Another Year

Dark Days: Recession in Arizona

Winters in Arizona may be sunnier than other places, but the economy in the Grand Canyon State has cooled faster than almost every state. Analysts expect 2009 to bring even more bad economic news, and it is likely that the monthly reports on job growth and unemployment will be downright chilling for some time to… Read More →