Freshman applications dip at UC for the first time in 15 years. Is it the start of a trend?

https://www.latimes.com/local/education/la-me-edu-uc-applications-20190131-story.html

I noticed this 5 years ago while in Enrollment management and looking at birth trends and started noticing the decrease and was reminding people around me that there was going to be a 5-10 year hole in students and how obviously the effects on applicants.