Subscriber Login

MDM Premium Content  What's this?
Close
Subscribe today to access MDM's premium content with two issues a month of timely and to-the-point content for the busy wholesale distribution executive. Here's what you get:
  • Analysis of distribution trends
  • Interviews with industry leaders
  • Quarterly Public Distributor Report
  • Quarterly Inflation by Commodity Group Report
  • Market and economic data analysis
  • Access to the best online research tool in distribution

And much more! Learn more

login close
Forgot Your Password?
Home » NABE: 'Sizable Housing Rebound' in Works for 2010
house blueprint

NABE: 'Sizable Housing Rebound' in Works for 2010

By    MDM   Staff 
November 22, 2009 Comment (1)
More about:  Economy
Panel forecasts housing starts will improve 36% in 2010.
Text Size
Email Print ShareShare/Bookmark

The National Association for Business Economics has released its November 2009 Industry Survey, in which NABE panelists have increased their expectations for growth in 2010. "While the recovery has been jobless so far, that should soon change," said NABE President Lynn Reaser, chief economist at Point Loma Nazarene University. "Within the next few months, companies should be adding instead of cutting jobs."
 
Panelists expect a "sizable housing rebound, low inflation, and further rise in stock prices." Panelists are also "mostly optimistic" that the Federal Reserve's policies will not lead to higher inflation.

Order Adam Fein's 2010 Economic Forecast for Wholesale Distribution.

Some highlights:
NABE expects 3% pace of real GDP growth in the fourth quarter 2009, and 3.2% gain over four quarters of 2010.
 
NABE panelists believe the end of net employment losses is near, with modest declines during the fourth quarter followed by a "bottom" in the first quarter of 2010 and gains after that. Most panelists don't expect a complete recovery of previously lost jobs until 2012.
 
Housing recovery will gather momentum. Panel expects housing starts and residential investment to rise sharply in 2010, with housing starts increasing 36% and residential investment up 9%. Low house prices and interest rates will help drive this improvement.
 
Inventory liquidation of 2008-2009 will hit bottom by the end of the year with restocking started again in 2010. Business spending on structures will continue to decline, but at a slower pace than in 2009.
 
The dollar will weaken further in 2010 but will stabilize against the euro.
 
Inflation will remain low, due to "substantial labor market slack and further productivity gains."
 


Print Email ShareShare/Bookmark
  • Mike November 23, 2009 5:17 PM
    The best way to gauge economic recovery is in the auto and housing sectors. Why? When people have jobs they buy houses and
    cars. When they lose jobs they lose houses and cars to repossession. Until we create more
    jobs our economic future will continue to be dark.
    Post a Reply   Report as Offensive
Use the form below to leave a comment
captcha

Please enter the text you see above:

Not sure? Give me another.

  • MDM Podcast

Think About It:
'I Don't Know':
A Great Answer

Finding yourself frequently acknowledging, I don't know, is a signal that you have become a superior sales rep.

Listen now.

Learn more or subscribe to the Think About It podcast.

  • From Adam J. Fein, Ph.D.

Benchmark with Wholesale Distribution Economic Reports

Click on the video below to hear how to use this data for better business planning.

adam-video

  • MDM Store

The Answer Book for
Growth-Minded CFOs and
Controllers

answer book for CFOs and Controllers

Now Available: An ultra practical idea-guide that gives an inside look at how leading companies are dealing with some of today's toughest financial and business management challenges. Go to the MDM Store.
Job Board
Title Company Location
Midwestern Field Sales Territory Manager DeVilling & Associates Midwest, US
Senior Account Manager and National Account Manager Precision Dallas, TX
VP Sales & Marketing Confidential Southeastern, PA
Branch Manager Graybar Electric Company Garden City, NY
International Sales Manager Industrial Lubricants Manufacturer United States
National Sales Manager Steiner Industries United States
View ALL Wholesale Distribution Job Listings Post Your Job Listing


MDM Calendar

Technology Case Study

October 7, 2010

2011 Economic Forecast

November 18, 2010

Featured Products

answer book for CFOs and Controllers

Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers

Reviews (0)
 
Price: $249.00
An ultra practical idea-guide that gives an inside look at how leading companies are dealing with some of today's toughest financial and business management challenges.
HR Strategic Answer Book

The HR Professional's Strategic Answer Book

Reviews (0)
 
Price: $249.00
This book takes the questions HR professionals were asking and provides real-world answers gathered from the best thinkers in the business, including working professionals, consultants and legal experts.
industrial-single

2010 Wholesale Distribution Economic Reports: Industrial Distributors - Single-User License

Reviews (0)
 
Price: $119.00

This report includes: Revenue and employment growth trends, the number and size distribution of companies, gross margin, wages, other operating statistics and expert commentary to help you interpret the sector data in light of current macroeconomic trends





Sponsored Links