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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Markets Update: February 21, 2020

Markets Update: February 21, 2020

Michael Cassell of our Global Markets Division shares the top numbers he's watching in markets right now. Learn more about your ad choices. Visit megaphone.fm/adchoices

21 Feb 20206min

Global Market Shocks from the '87 Crash to Brexit: Lessons for Today

Global Market Shocks from the '87 Crash to Brexit: Lessons for Today

From the 2020 Global Macro Conference in Hong Kong, Steve Strongin and Jan Hatzius of Goldman Sachs Research sat down for a discussion all about connections: why economic cycles and market cycles are ...

18 Feb 202049min

Markets Update: February 14, 2020

Markets Update: February 14, 2020

Jordan Meer of Goldman Sachs' Renewable Power Group gives his quick take on the five numbers he's watching in renewable energy markets. Learn more about your ad choices. Visit megaphone.fm/adchoices

14 Feb 20204min

Why Investing in the Longest Bull Market in History is Still a Smart Move

Why Investing in the Longest Bull Market in History is Still a Smart Move

Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs’ Private Wealth Management Division, summarizes her team's 2020 investment outlook and explains why she's telling clients to stay in...

11 Feb 202015min

After Brexit, What’s Next for Business in Europe?

After Brexit, What’s Next for Business in Europe?

Denis Coleman, co-head of Goldman Sachs' Global Financing Group in the Investment Banking Division, joins host Jake Siewert to talk about the business and financing environment in Europe. Learn more a...

7 Feb 202011min

Markets Update: February 7, 2020

Markets Update: February 7, 2020

Sarah Kiernan of Goldman Sachs' Global Markets Division gives her quick take on the five numbers she's watching in markets. Learn more about your ad choices. Visit megaphone.fm/adchoices

7 Feb 20205min

Investing In Climate Change

Investing In Climate Change

In this episode, we dig into what may be the most important issue of our time: climate change. On the heels of a climate-focused World Economic Forum in Davos, the unveiling of Europe’s new Green Deal...

5 Feb 202020min

Goldman Sachs CFO Stephen Scherr Recaps the Firm’s First-Ever Investor Day

Goldman Sachs CFO Stephen Scherr Recaps the Firm’s First-Ever Investor Day

This week, Goldman Sachs opened its doors for its first-ever Investor Day in its 150-year history. In this episode, Goldman Sachs CFO Stephen Scherr recaps the day and explains how leadership is tryin...

31 Jan 202032min

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