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RUTGERS’ DAVIS TAPPED AS CHIEF
U.S. HOUSING ECONOMIST
Morris Davis, the longtime academic
leader of the Rutgers Center for
Real Estate, is joining the White
House Council of Economic
Advisers as the nation’s chief
housing economist.
The appointment, which runs
through December, means the
respected fi nance and economics
professor will advise the president
on policies that can help lead
to lower housing costs and
increased supply, according to
an announcement from Rutgers
Business School. It follows more
than a decade at the helm of the
Center for Real Estate, where Davis
has served as the Paul V. Profeta
chair of real estate and academic
director since soon after its launch,
helping to educate students,
conducting research that has both
academic and industry relevance
and exchanging ideas at events and
conferences.
“We are ecstatic to have a talent
like Professor Davis join us at the
White House Council of Economic
Advisers,” Steve Miran, the council’s
chairman, said in a statement to
Rutgers. “Morris will play a pivotal
role as we work to build more
homes and make housing affordable
again for American families, helping
to usher in President Trump’s
economic Golden Age.”
Davis joined the Center for Real
Estate in 2014 after serving as
the James A. Graaskamp chair
of real estate at the University of
Wisconsin-Madison and academic
director of that school’s real estate
program. His arrival at Rutgers
came a year Paul V. Profeta, the
owner and president of Paul V.
Profeta and Associates Inc. and the
publisher of Real Estate NJ, donated
$1.5 million to establish a chair in
the fi eld, paving the way for the
program to recruit a host of industry
leaders to help set the academic
course and provide students with
networking and job opportunities.
“It’s an honor to be asked to serve
our country,” said Davis, a former
economist at the Federal Reserve
Board who routinely briefed former
Chair Alan Greenspan on housing
and macroeconomics. “My goal is
to help the president make housing
affordable for everyone.”
Rutgers Business School noted
that it’s deeply involved in research
projects that have the potential
to improve business practices
everywhere, citing its location in
a state that is within a four-hour
drive of 20 percent of the U.S.
population.
“Anything that is good for New
Jersey is good for the United States
and the world,” Davis added.
Established by Congress in 1946,
the CEA has roughly 45 members
who are charged with providing
empirical research to support the
president in setting the nation’s
economic policy.
Morris Davis
“Morris is a proven leader with
innovative ideas that can positively
affect real estate productivity and
public policy today,” said Lei Lei,
dean of Rutgers Business School.
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TA BO R RD
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