The Economic Outlook for Housing & Construction with Economist Brian Beaulieu of ITR Economics

Are you a business owner looking to grow your company's value and profitability in the years ahead? Tune in to this insightful episode of the R-Value podcast, hosted by IDI's Ken Allison with guest economist Brian Beaulieu to get an expert forecast on the housing and construction markets. They dive into projections for housing permits, sales, interest rates, and remodeling through 2026.

Brian Beaulieu has been an economist with the Institute for Trend Research since 1982, serving as its Chief Executive Officer since 1987. At the Institute, he has been engaged in applied research regarding business cycle trend analysis. Brian was also an economist for the US Department of Labor where he worked on the health care component of the Consumer Price Index. Brian is co-author with Alan Beaulieu of the books, Prosperity in the Age of Decline, Make Your Move, and children's book But I Want It.

Brian provides his candid take on the Federal Reserve's impact, regional trends to watch, and factors like the labor shortage, material costs, and consumer savings rates. You'll come away with an honest outlook on risks ahead and wise counsel on investments, real estate, hiring, and steps to increase your personal net worth. If you want to position your business to not just survive, but thrive, in fluctuating economic times, don't miss this practical, forward-looking discussion.

In this episode…

2:26 - Forecasting the 2024 housing market and future rate hikes

6:11 - Is the Fed’s target of retrofitting 110 million homes by 2050 realistic?

10:20 - Regional trends in home building. Where will the housing hot spots be?

14:39 - When will materials pricing come down?

18:00 - Building a business that can weather turbulent economic conditions

 

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