Barbara Alexander has been a securities analyst and an investment banker, and is a leading expert on the housing and home furnishings sectors. Previously, she was a senior advisor for UBS, a managing director of Dillon Read & Co., Inc., and a managing director in the corporate finance department of Salomon Brothers. More recently, she has served on the Boards of Directors of companies in the construction sector, including Centex Corporation, KB Home, CRH plc and Freddie Mac (both before and following conservatorship). Barbara has a long-standing commitment to affordable housing and community development, and has served on the Boards of Directors of housing-focused not-for-profits, including Habitat for Humanity and HomeAid America. Ms. Alexander holds BS and MS degrees in theoretical mathematics from the University of Arkansas. In addition to the companies already noted, Barbara has served on the boards of a number of other public companies in the last two decades, and currently serves as a director of both Qualcomm and Choice Hotels.
Frank Anton is Vice Chairman Emeritus of Hanley Wood LLC, a business-to-business media, information and marketing services company serving the nation’s residential and commercial design and construction industries. His tenure at Hanley Wood spans more than three decades; prior to his current role, he served as CEO and President. He is now playing an advisory role in mergers and acquisitions activity and sitting on boards of private equity owned firms in media and construction. Mr. Anton is a graduate of Dartmouth College and has a Master’s degree in journalism from Northwestern University.
William Apgar, co-author of the Center’s first State of the Nation’s Housing report in 1988, was a Lecturer in Public Policy at the Harvard Kennedy School, where he taught courses on housing and community development policy. From 1997 to 2001, he was the Assistant Secretary of Housing at the Department of Housing and Urban Development, where he oversaw the operation of the Federal Housing Administration and co-chaired the joint HUD-Treasury Task Force on Predatory Lending. From 2009 to 2011 he was Senior Advisor to HUD Secretary Shaun Donovan. He currently sits on the Board of Directors for Preservation of Affordable Housing. Dr. Apgar is a graduate of Williams College, and holds a PhD in economics from Harvard.
Rachel G. Bratt is Professor Emerita at Tufts University. Her research is focused on housing and community development, particularly the needs of low-income households and the role of nonprofit community-based organizations in supplying decent, affordable housing. She is the author of Rebuilding a Low-Income Housing Policy and a co-editor of two books: Critical Perspectives on Housing and A Right to Housing: Foundation for a New Social Agenda. For nearly ten years she was the chair of Tufts University’s Department of Urban and Environmental Policy and Planning and in 2017, she was a Visiting Scholar at the Federal Reserve Bank of Boston. Professor Bratt earned her PhD in Urban and Regional Studies from the Massachusetts Institute of Technology.
Michael Carliner is an economic consultant specializing in housing, construction, demographics, and regional economics. From 1984 to 2006, Mr. Carliner was Staff Vice President for Economics at the National Association of Home Builders, directing activities related to forecasting, survey research, industry studies, and analysis of government policies affecting housing and construction. Before that he was Director of Real Estate and Construction Economics at Chase Econometrics, Vice President of Regional Data Associates, and Senior Economist at Dynamics Associates. Mr. Carliner authored the papers Rental Housing: An International Comparison and Reducing Energy Costs in Rental Housing: The Need and the Potential for the Joint Center for Housing Studies. He did his undergraduate and graduate studies at the University of Pennsylvania, where he was a Research Fellow.
Kent W. Colton is the President of the Colton Housing Group, LLC. He is the former Chief Executive Officer of the National Association of Home Builders (NAHB), and has more than 35 years of experience as a housing scholar and expert in the field of mortgage finance and housing policy. He was a White House Fellow, a member of the Millennial Housing Commission, and staff director of the President's Commission on Housing under President Reagan. Dr. Colton previously was a professor of public management and finance at Brigham Young University's Graduate School of Management, and Associate Professor at the Massachusetts Institute of Technology Department of Urban Studies and Planning. A graduate of Utah State University, he received an MPA from Syracuse University and a PhD in Urban Studies from MIT. He has written or edited six books and numerous articles on housing finance, the secondary mortgage market, housing policy, and a range of management issues, and is the author of Housing in the Twenty-First Century: Achieving Common Ground.
Dan Fulton served as president and CEO, and a member of the board of directors of Weyerhaeuser Company, from 2008 through 2013, when he retired after nearly 38 years with the company. Prior to becoming Weyerhaeuser’s CEO, Mr. Fulton served as the president and CEO of Weyerhaeuser Real Estate Company (WRECO) from 2001-2008. He first joined Weyerhaeuser in 1975, holding a number of roles throughout the organization during his career, primarily in the areas of real estate finance and development. During Mr. Fulton’s tenure as Weyerhaeuser CEO, he was a member of the Business Roundtable (BRT) where he served as the chair of the BRT Housing Subcommittee, and he is past chair of the Washington Roundtable. While Weyerhaeuser CEO, Mr. Fulton served on the boards of a number of industry associations, including NAFO (the National Alliance of Forest Owners), NAREIT (the National Association of Real Estate Investment Trusts), SFI (the Sustainable Forest Initiative), and the AF&PA (the American Forest and Paper Association). Mr. Fulton is a director of a director of TRI Pointe Group, a NYSE-listed company that became a Top 10 homebuilder in 2014 through its merger with WRECO. He also is a director of two privately-owned Seattle companies, Saltchuk Resources, and Green Diamond Resource Company.
Mr. Fulton is the past chair of the Policy Advisory Board of the Joint Center, and is the past-chair of the United Way of King County. He also serves on the Advisory Council of the Yeutter Institute of International Trade and Finance at the University of Nebraska, a has been a trustee of the CED and The Conference Board since 2014. Mr. Fulton graduated with a Bachelor of Arts degree in economics from Miami University (Ohio) in 1970. He received a Masters of Business Administration degree in finance from the University of Washington in 1976, and he completed the Stanford University Executive Program in 2001. From 1970 to 1974 he served on active duty as an officer in the U.S. Navy Supply Corps.
Joe Hanauer is Chairman of the Move, Inc. Global Advisory Board, operator of Realtor.com. As chairman, he led the sale of the company to News Corp. He is also Chairman of the Board of IHC Global, a not-for-profit focused on establishing safe and decent housing in the world’s rapidly expanding cities in emerging economies. As principal of Combined Investments, LLC, Mr. Hanauer invests in commercial properties and real estate-related technology companies. He serves on board and as an advisor for several of these early stage companies. Mr. Hanauer is former Chairman and CEO of Coldwell Banker's global residential businesses and serves on the boards of numerous not-for-profits including Roosevelt University (Chicago), The Laguna Playhouse, and Laguna Art Museum, and others.
Don Layton was the CEO of Freddie Mac from May 2012 until June 2019, which he undertook as public service given the company has been under Federal government control since 2008. He has more than 40 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting out as a trainee and retiring in 2004 as Vice Chairman and one of its top three executives. His experience ranged from leading businesses in global capital markets, investment banking, and US consumer banking, with extensive experience as a general manager of a large financial institution. He was Chairman and then CEO of E*TRADE Financial from 2007 to 2009, shepherding it successfully through the financial crisis. Since 2004, he has served on several corporate boards, including being appointed to the board of AIG by the US Treasury. He served as a senior advisor to the Securities Industry and Financial Markets Association from 2006 to 2008 and serves as Chairman Emeritus of the board of the Partnership for the Homeless, a nonprofit dedicated to reducing homelessness in New York City, after having been its chair for nearly a decade. Layton received simultaneous Bachelor and Master of Science degrees in economics from the Massachusetts Institute of Technology and a Master of Business Administration from Harvard Business School.
Hyojung Lee, who was recently named an Assistant Professor in Housing and Property Management at Virginia Tech, has been a postdoctoral fellow at the Joint Center for Housing Studies since 2017. Dr. Lee’s research expertise is in housing demography, urban/housing economics, and policy analysis. His primary research interests focus on the impacts of demographic change on housing markets, the consequences of neighborhood change for urban policy, and the jointness of mobility, residential location, and housing tenure choice. Dr. Lee earned a PhD in Urban Planning and Development and a Master of Planning from the University of Southern California and a Bachelor of Science and a Master of Science in Civil and Environmental Engineering from Seoul National University.
George Masnick researches and writes about household and family demography, population dynamics, housing studies, and household forecasting. He has co-authored The Nation's Families: 1960-1990, Regional Diversity: Growth in the United States, 1960-1990, and Housing in America: 1970-2000, and is a regular contributor to the Center's annual State of the Nation's Housing report. He authored a series of papers on household formation and homeownership trends in the United States with particular attention to immigrants and minorities. He taught at the University of Pennsylvania from 1970-1974 and at Harvard University from 1974-1987. He received his BA and MA in sociology from Cornell University and earned his doctorate in sociology/demography from Brown University.
Shekar Narasimhan is a founding partner at Beekman Advisors, which provides strategic advisory services to companies and investors involved in real estate, mortgage finance, affordable housing, and related sectors. He also serves as Chairman of Papillon Capital, focused on sustainable infrastructure investing. Shekar is a principal in the Emergent Communities Fund, an Opportunity Zone Fund focused on revitalization of small towns in the Southeast U.S. Prior to Beekman Advisors, Mr. Narasimhan was a Managing Director of Prudential Mortgage Capital Company. He was appointed by the Governor of Virginia as a Member of the Board for the Virginia Housing Development Authority and currently serves on the boards of Broadstone Net Lease, Inc., Broadtree Homes, Inc. Enterprise Community Investment, Inc., Democracy Alliance, and on the Economic Advisory Council for the Center for American Progress, and is a member of the Policy Leadership Council of the Urban Institute. Previously, he was a Member of the Board for Housing and Community Development in Virginia and a Commissioner on President Obama’s Advisory Commission on Asian Americans and Pacific Islanders. He holds a BS in Chemical Engineering from the Indian Institute of Technology and an MBA from the Katz Graduate School of Business, University of Pittsburgh. He has earned the distinction of Certified Mortgage Banker (CMB).
Kristin Perkins, who was recently named an Assistant Professor of Sociology at Georgetown University, has been a postdoctoral fellow at the Joint Center for Housing Studies since 2017. Her research examines the consequences of residential mobility and changes in household composition for children's educational outcomes, the neighborhood contexts of child and adolescent development, and the consequences of housing policies for individuals and neighborhoods. Her work has been published in journals including Social Science Research, Urban Affairs Review, City & Community, and RSF: The Russell Sage Foundation Journal of the Social Sciences. Prior to receiving her PhD in Sociology and Social Policy at Harvard University, Dr. Perkins was a housing policy researcher at the New York City Department of Housing Preservation and Development. She received a Master of City Planning at the University of California, Berkeley, and a BS in Urban and Regional Studies at Cornell University.
Nicolas P. Retsinas served as Director of the Joint Center for Housing Studies from 1998 to 2010. He was also a member of the faculty of the Harvard Business School, where he taught courses in housing finance and real estate in frontier markets, as well as being Senior Lecturer in Real Estate at the Harvard Graduate School of Design and the Harvard Kennedy School. Prior to his Harvard appointment, Mr. Retsinas served as Assistant Secretary for Housing-Federal Housing Commissioner at the United States Department of Housing and Urban Development and as Director of the Office of Thrift Supervision under President Clinton. Mr. Retsinas served on the Board of the Federal Deposit Insurance Corporation, the Federal Housing Finance Board, and the Neighborhood Reinvestment Corporation, and is a past Chair of the Board of Directors of Habitat for Humanity International. Mr. Retsinas currently chairs the Board of Directors of the Rhode Island Housing and Mortgage Finance Corporation and the Providence Housing Authority, and is on the board of the Center for Responsible Lending. He received his Master’s degree in City Planning from Harvard University and his AB in Economics from New York University. Mr. Retsinas also received a Doctorate in Public Service from Rhode Island College.
Mark Richardson has been a strong advocate for the advancement of the remodeling profession during his over three decades in the industry. He presided over one of the nation’s largest and most successful home improvement and remodeling organizations, has authored numerous articles and four books on business related topics, and speaks across the country on national business issues. Mr. Richardson is a senior advisor and writes columns for Professional Remodeler, was named Ernst & Young Entrepreneur of the Year in 2006, and is a member of National Association of Home Builders’ Hall of Fame.
Architect and product designer James Shen is Founding Partner at People's Architecture Office, an award-winning practice with offices in Beijing and Boston, known for engaging in urban issues through designs that straddle architecture and product design. His firm developed the Plugin House, a prefabricated building system for urban regeneration and low-cost housing. James received his Master of Architecture from MIT and his Bachelor in Product Design from Cal State Long Beach. He was Visiting Lecturer at the Harvard Graduate School of Design and MIT’s Department of Architecture and a 2017-2018 Loeb Fellow at Harvard GSD. James is currently Innovation Fellow at MIT’s Future City Innovation Connector.
Michael Stegman is a senior housing policy fellow at the Milken Institute Center for Financial Markets, a Senior Fellow in the Center for Household Financial Stability at the St. Louis Federal Reserve Bank, and a Senior Fellow at the Center for Community Capital at the University of North Carolina at Chapel Hill. Previously, he was senior policy advisor for housing at the National Economic Council from 2015 to 2016 after serving three years as counselor to the Secretary of the Treasury for housing finance policy. As the top housing policy advisor in the White House, he coordinated administration policies on housing finance reform, access to credit, and other housing issues. He also convened the “Private Label Securitization Initiative” while at Treasury, bringing together key issuers and investors to explore hurdles to the return of a viable private label securitization market. Previously, he served as assistant secretary for policy development and research at the Department of Housing and Urban Development from 1993 to 1997. He also holds the position of MacRae Professor Emeritus at the University of North Carolina at Chapel Hill.