How the Housing Sector Has Been Impacted by the Economic Slowdown
Exchanges21 Apr 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 Small Business Perspective: How Owners Are Dealing With Worker Shortages, Inflation and Supply Chain Delays

The Small Business Perspective: How Owners Are Dealing With Worker Shortages, Inflation and Supply Chain Delays

Goldman Sachs’ Joe Wall of the Office of Government Affairs explains why small business owners’ sentiment has turned sharply negative as the pandemic continues and host Allison Nathan speaks with thre...

12 Okt 202136min

The Impact of Rising Natural Gas Prices

The Impact of Rising Natural Gas Prices

As natural gas prices hit record highs in Europe and Asia, what does that mean for the broader commodity complex? Goldman Sachs Research’s Damien Courvalin explains the impact of rising prices on ener...

5 Okt 202120min

Why Hedge Funds Are Turning to the Private Markets

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Hedge funds are turning to the private markets, bringing increasing competition to the space. Goldman Sachs’ Kristin Kramer and Freddie Parker explain the shift in public and private market dynamics a...

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Is China Investable?

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As the Chinese government continues to carry out unprecedented regulatory tightening, what does the new environment mean for China’s growth and investment outlook? Goldman Sachs Research senior strate...

21 Sep 202135min

What’s Behind the Record-Breaking IPO Market?

What’s Behind the Record-Breaking IPO Market?

Global equity issuance is up substantially and on track to set new records in 2021. Goldman Sachs’ Elizabeth Reed explains why—and how—more companies are choosing to go public today.  Learn more about...

14 Sep 202117min

Outlook for Global Growth: Less Synchronized, More Complicated

Outlook for Global Growth: Less Synchronized, More Complicated

Goldman Sachs’ Chief Economist Jan Hatzius describes his outlook for global growth, Fed tapering, inflation and jobs. Learn more about your ad choices. Visit megaphone.fm/adchoices

7 Sep 202121min

How Are Investors Navigating China’s Regulatory Uncertainty?

How Are Investors Navigating China’s Regulatory Uncertainty?

Goldman Sachs’ Stephanie Hui, Basak Yavuz and Prakriti Sofat of the Asset Management Division describe the impact of China's heightened regulatory scrutiny on the capital markets and the implications ...

17 Aug 202126min

The Delta Variant: Implications for Vaccines, Booster Shots and Economic Growth

The Delta Variant: Implications for Vaccines, Booster Shots and Economic Growth

How is the fast-spreading Delta variant affecting the outlook for reopening and economic growth? Goldman Sachs Research’s Terence Flynn and Daan Struyven break down the implications for vaccines, boos...

10 Aug 202126min

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