Housing: What’s Next?
Presented by Constance Mitchell Ford, David Berson, David Crowe, John E. Silvia and Ken Prewitt
April 18, 2012 - Sudakoff Conference Center, The New College of Florida
Video of Conference held on April 18th at the New College of Florida.
Speaker / Author
Constance Mitchell Ford
Constance Mitchell Ford heads the Global Real Estate and Property bureau for The Wall Street Journal in New York. In that role, she leads a team of reporters who write about the business and financial aspects of residential and commercial real estate, including Fannie Mae and Freddie Mac, the Federal Home Loan Banks, commercial and residential mortgage-backed securities, the public home builders , the real estate holdings of pension funds and private-equity firms and Real Estate Investment Trusts.
Previously, she was Economics Editor and oversaw a team of reporters who covered the U.S. and global economy, economic forecasting, corporate profits, employment trends and academic economics.
Ms. Ford has been invited to speak about the economy and real estate at numerous national and international events, including the World Economic Forum in Davos, Switzerland; The Global Interdependence Center Conference in Dublin, Ireland; the International Festival of Arts & Ideas in New Haven, Conn., the Global Summit of Women in Seoul, Korea, among others. Ms. Ford also appears occasionally on CNBC-TV.
Ms. Ford, who joined The Wall Street Journal in 1986, served on the ERISA committee of Dow Jones & Co., the parent company of The Wall Street Journal. The ERISA committee sets investment policies related to the employee 401K plans.
Prior to entering the field of journalism, Ms. Ford worked at the Brookings Institute and was an assistant economist at Brimmer & Co., an economic consulting firm headed by former Federal Reserve Board Governor Andrew Brimmer. A native of Washington, D.C., Ms. Ford holds a B.S. in Journalism from the University of Maryland at College Park and an M.A. in Economics from the State University of New York at Stony Brook.
As chief economist and strategist, David Berson is responsible for analyses and forecasts of the economy, housing and mortgage markets; domestic/global market research and planning; support of government relations and public policy and strategic environmental planning. He also acts as a PMI spokesperson on topics related to global economic housing, as well as mortgage market conditions, prospects and policy. In addition, Dr. Berson manages PMI’s portfolio management, analytics and pricing Group, which is responsible for all credit analytic models and projections for the company. David W. Berson joined PMI as Chief Economist and Strategist on October 30, 2007.
Berson previously was vice president and chief economist at Fannie Mae, where he advised the company on national and regional economic, housing and mortgage policy and conditions, including forecasts and analyses of the economy, interest rates, and housing and mortgage finance markets. He has also been chief financial economist at Wharton Econometrics, visiting scholar at the Federal Reserve Bank of Kansas City and assistant professor of economics at Claremont McKenna College and Claremont Graduate School. His government experience has included staff economist on the Council of Economic Advisors and economic analyst at the Treasury Department and the Office of Special Trade Representative. Berson is a past president of the National Association for Business Economics and is a frequent speaker to media and industry groups on the economic outlook, housing and mortgage markets.
He has a Ph.D. in economics and a master’s degree in public policy from the University of Michigan, and a bachelor’s degree in history and economics from Williams College.
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.
John E. Silvia
John Silvia is a managing director and the chief economist for Wells Fargo. Based in Charlotte, N.C., he has held his position since he joined Wachovia in 2002 as the company’s chief economist.
Prior to his current position, John worked on Capitol Hill as a senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee. Before that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc. John was awarded a National Association of Business Economics (NABE) Fellow Certificate of Recognition in 2011 for outstanding contributions to the business economics profession and leadership among business economists to the nation. In 2010, he was recognized for the best overall forecast, best inflation forecast and best personal consumption expenditures forecast by the Federal Reserve Bank of Chicago. John is on the Bloomberg Best Forecast list for his forecasts of GDP, the Institute of Supply Management (ISM) manufacturing index, housing starts and the unemployment rate.
John holds B.A. and Ph.D. in economics from Northeastern University in Boston and has a master’s degree in economics from Brown University in Providence, R.I. John’s book, “Dynamic Economic Decision Making,” was published by Wiley in August 2011.
John serves as a member of the Blue Chip Panel of Economic Forecasters and also serves on an informal advisory group for the Federal Reserve Bank of Philadelphia. He serves as chair for the Economic Advisory Committee of both the Securities Industry and Financial Markets Association (SIFMA) Economic Advisory Roundtable and the American Bankers Association.
John was formerly a director of the NABE and president of the Charlotte Economics Club. He has also served on economic advisory committees to the Federal Reserve Bank of Cleveland, the Federal Reserve Bank of Chicago and the Public Securities Association.
A strong supporter of education and civic affairs, John serves as a member of the Business Advisory Council at the Walker College of Business at Appalachian State University in Boone, N.C., and on the President’s Council for Charlotte’s Central Piedmont Community College. He has previously served as a board member of the British American Business Council of North Carolina and served on the Economic Development Board for the State of North Carolina, a special appointment by the governor. He also served on the Business Advisory Committee for the City of Charlotte.
Ken Prewitt is a weekday anchor for Bloomberg Radio, where he serves as host of “First Word,” co-host of “Bloomberg Surveillance” with Tom Keene and co-host of “Bloomberg Businessweek Radio” with Pimm Fox. He is based in New York City.
Since joining Bloomberg Radio in 2005, Prewitt has interviewed numerous high-profile newsmakers including former Federal Reserve Chairman Alan Greenspan, New York Governor David Paterson, New Jersey Governor Chris Christie, Texas billionaire T. Boone Pickens, MLB Hall of Famer Reggie Jackson, Ford Executive Chairman Bill Ford and financial analyst Mario Gabelli.
Prior to joining Bloomberg Radio, Ken Prewitt spent several years in both radio and print, working for The Wall Street Journal and The Wall Street Journal Radio Network, Money Magazine (for which he conducted business reports on WCBS radio New York) and ABC News.
Earlier in his career, Prewitt served as a news reporter and disc jockey at radio stations in Cleveland and North Carolina.