Session 20: Housing Statistics
The statistics on the housing industry can sometimes be as confusing as a contractor's bill. In this panel, experts will explain what are the key numbers to watch on building, sales, pricing, and financing. Learn to look beyond the fresh coat of paint and find out what to look for under the cupboards!
Presentations
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Speakers
Maurine Haver
Haver Analytics
Maurine is President and founder of Haver Analytics Inc., an economic consulting and information services company. Prior to starting Haver Analytics in 1978, she was an economist in the economic forecasting group of General Electric in New York, a member of the International Staff of Companie Bull General Electric in Paris and a consultant in the Foreign Currency Exposure Management Group of the Chase Manhattan Bank in London.
Maurine served as President of the National Association of Business Economists (1994-95). She has served as secretary of the Forecasters Club of New York since 1992. She is a past president of the New York Association for Business Economics (1989-90), the Downtown Economists Club (1993-94) and the Money Marketeers of New York University (1998-99). She chaired the board of the Council of Professional Associations on Federal Statistics (COPAFS) during 2001-2003. She currently serves on the board of Mutual of America and is a member of the American Economic Association, the American Statistical Association and the National Economists Club.
Maurine holds a B.S. in Economics and Mathematics from Michigan State University, an M.B.A. from the Stern School of New York University and completed her oral exam for a PhD in International Economics at NYU.
David Crowe
National Association of Home Builders
David Crowe, Ph.D., is Chief Economist and Senior Vice President at the National Association of Home Builders (NAHB). Dr. Crowe is responsible for NAHB’s forecast of housing and economic trends, survey research and analysis of the home building industry and consumer preferences as well as microeconomic analysis of government policies that affect housing.
Dr. Crowe is also responsible for the development and implementation of an innovative model of the local economic impact and fiscal cost of new home construction, which has estimated the net impact of new housing in over 500 local markets. Past research has concentrated on home ownership trends, tax issues, demographics, government mortgage insurance, local land use ordinance impacts and the impacts of housing on local economies.
Before becoming NAHB’s Chief Economist, Dr. Crowe was NAHB’s Senior Vice President for Regulatory and Housing Policy. Prior to NAHB, Dr. Crowe was Deputy Director of the Division of Housing and Demographic Analysis at the U.S. Department of Housing and Urban Development.
He has served on federal advisory committees to the Census Bureau and to the U.S. Department of Housing and Urban Development.
Dr. Crowe holds a PhD in Economics from the University of Kentucky.
David Johnson
U.S. Census Bureau
Richard Peach
Federal Reserve Bank of New York
Richard W. Peach is a vice president in the Macroeconomic and Monetary Studies Function at the Federal Reserve Bank of New York. His primary responsibility is to coordinate the bank’s forecast for the U.S. economy and the federal budget. He provides regular briefings to the Bank’s president and senior staff and frequently represents the Bank before outside groups. In addition, Mr. Peach follows with particular emphasis the housing and real estate finance sectors. He is a regular contributor to Bank publications such as the Economic Policy Review and the Current Issues series.
Mr. Peach joined the Bank in June 1992 as a senior economist assigned to the Business Conditions Function. In May 1994, he was appointed an officer of the bank and in December 1996 Mr. Peach was promoted to assistant vice president. In June 1998 he was promoted to vice president.
Prior to joining the Bank, he was staff vice president and deputy chief economist of the Mortgage Bankers Association of America (MBAA). In that position he co-authored the MBA’s monthly Economic Commentary, conducted surveys and studies of the mortgage banking industry, and prepared analyses of the impact of changes in public policy on the housing and real estate finance industries. Mr. Peach played a key role in the development of MBA’s Weekly Survey of Mortgage Loan Applications, a closely watched indicator of conditions in housing and mortgage markets.
Prior to joining the MBA in 1986, he was staff vice president for Forecasting and Policy Analysis of the National Association of Realtors (NAR). In that position he prepared NAR’s monthly Outlook for the Economy and Real Estate and conducted studies of the impact of changes in tax law on commercial and owner-occupied real estate. He also served as an economist with the Bureau of Economic Analysis of the U.S. Department of Commerce and was an instructor of economics at the University of Maryland.
Mr. Peach graduated summa cum laude and with Honors in Economics from the Pennsylvania State University in 1973. He was awarded a University of Maryland Fellowship for Graduate Study and earned a Master of Arts degree in 1979 and a Doctorate in economics in 1983 from that institution. He and his wife Beverly have three daughters and reside in Fanwood, New Jersey.