How the Housing Sector Has Been Impacted by the Economic Slowdown
Exchanges21 Huhti 2020

How the Housing Sector Has Been Impacted by the Economic Slowdown

In this episode, Terry Hagerty, co-head of homebuilding & building products investment banking for Goldman Sachs, discusses how COVID-19 has impacted the outlook for housing and the broader building products sector. Despite the severity of the current slowdown, Hagerty points to favorable demographic tailwinds as reasons to expect a return to industry growth into 2021. Additionally, Hagerty explains why the sector may be poised to rebound more quickly from this crisis than that of 2008, driven by more favorable supply/demand dynamics, consumers’ relatively strong financial position, and healthy corporate balance sheets. “When I look at the balance sheets and liquidity positions of my clients, both in home building and building products, it’s quite strong,” Hagerty says. “Most of them have access to the capital markets, given some of the Fed action that we’ve seen, and generally they’re all positioned to weather what could potentially be a very extended downturn. So the outlook today is much different than 2008.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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The Surprising Implications of an Aging Population

The Surprising Implications of an Aging Population

An aging global population has long been viewed as a demographic time bomb. Kevin Daly, co-head of the Central and Eastern Europe, Middle East, and Africa economics team at Goldman Sachs Research, exp...

8 Heinä 202517min

Commodities Outlook: What’s Driving Oil, Gold, and Base Metals

Commodities Outlook: What’s Driving Oil, Gold, and Base Metals

Goldman Sachs’ Daan Struyven discusses how recent geopolitical events and evolving tariff policies are affecting the commodity and economic landscape. This episode was recorded on June 30, 2025. Le...

1 Heinä 202520min

Mid-year outlook: diversify and hedge

Mid-year outlook: diversify and hedge

Goldman Sachs’ Christian Mueller-Glissmann, head of asset allocation research in Goldman Sachs Research, and Alexandra Wilson-Elizondo, co-head and co-chief investment officer of the Multi-Asset Solut...

23 Kesä 202525min

Is a US fiscal crisis ahead?

Is a US fiscal crisis ahead?

Concerns about the fiscal trajectory of the US are nothing new. But is this time different? And what could a fiscal crisis look like? Economist Kenneth Rogoff and historian Niall Ferguson discuss with...

18 Kesä 202520min

How to win: Steve Cohen on markets and the Mets

How to win: Steve Cohen on markets and the Mets

What are the keys to Steve Cohen’s incredible success as a trader and hedge fund manager – and how is he bringing those lessons to the baseball diamond? Steve Cohen, the founder, CEO and president of ...

12 Kesä 202522min

A German economic revival?

A German economic revival?

Germany’s new government is pursuing a broad range of measures to bolster economic growth. At the same time, US tariffs could have a significant impact on the export-heavy German economy. How are Germ...

10 Kesä 202518min

How Goldman Sachs’ John Waldron is navigating “a more uncertain time”

How Goldman Sachs’ John Waldron is navigating “a more uncertain time”

In a difficult environment for corporate decision makers, how is Goldman Sachs advising clients and managing risk? John Waldron, President and Chief Operating Officer, sits down with Allison Nathan to...

5 Kesä 202524min

Will legal challenges end the trade war?

Will legal challenges end the trade war?

A US trade court ruling has put the legal fate of President Trump’s tariffs in limbo. But will this actually change the course of US trade policy – and what could it mean for the economy and for inves...

3 Kesä 202516min

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