Given the continued concerns over inflation, interest rates and a possible oncoming recession, our forecasts offer important insights for how to anticipate 2023.” “Our forecasts have always helped Hoosiers understand economic risk and plan for the next year, and helped communities remain globally competitive. Photo courtesy of the IU Kelley School of Business “Many people are anxious to know what lies ahead. Powell, associate dean of Kelley academic programs at Indianapolis, academic director of the Indiana Business Research Center, and clinical associate professor of business economics and public policy. “In these uncertain times, the Kelley School wants to help Hoosier businesses understand the economy and make smart decisions for the coming year,” said event moderator Phil T. The forecast draws upon econometric models developed by the Center for Econometric Model Research and the insights of a select panel of Kelley faculty members led by Indiana Business Research Center director Carol Rogers. The center has provided crucial economic information needed by many Indiana businesses, government and nonprofit organizations since 1925. The Kelley School of Business has presented the annual Business Outlook forecast around the state since 1972, based on research from its Indiana Business Research Center. The initial presentation will begin at noon at Shreve Hall, on the campus of Ivy Tech Bloomington, 200 Daniels Way. In their forecast, members of the panel will discuss economic trends for the coming year, as well as the outlook for the financial markets. The Indiana University Kelley School of Business will present its 2023 economic forecasts for the nation, Indiana and communities across the state beginning with a presentation Nov.
All indicators now suggest this may not be repeated this year, however.BLOOMINGTON, Ind. “However, while last year was a particularly strong year for new home sales, it is unlikely that this will continue into next year,” the company warned, noting 2022 was a record year for completions. The new homes market saw improved transaction activity in 2022, exceeding pre-pandemic levels by 4.2 per cent, Sherry FitzGerald said, with the greater Dublin area, which includes counties Wicklow, Meath and Kildare and which has seen the most construction activity over the past number of years, accounting for more than half (57 per cent) of new homes sales in 2022. This represents an increase of 5.8 per cent on 2021 and 8.4 per cent on 2019, it said. Excluding block sales and new homes acquired for social housing, there were more than 59,500 housing transactions in 2022, it said, 9 per cent higher than the previous year, and 7.7 per cent higher than 2019.Īctivity in the second-hand market was described as “brisk”, with about 49,700 units sold.
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