From rising rents to high interest rates to limited supply, housing policy is a central issue in the 2024 election cycle. Brookings Mountain West, in partnership with the Lied Center for Real Estate, is hosting a community forum examining the local, state, and federal impacts of Nevada’s housing challenges.
“Nevada’s Housing Policy Landscape: Data, Analysis, and Policy Solutions” will take place on Monday, Sept. 23, in the Greenspun Hall Auditorium on the UNLV campus and is free and open to the public.
Faculty from UNLV’s Lied Center for Real Estate, professors Shawn McCoy and Nicholas Irwin, along with housing and urban policy professor emeritus Arthur C. Nelson will present new research and recommend policy actions from three housing studies.
“Crafting effective policy to address Nevada’s housing affordability needs requires a better understanding of the data at a more local level,” said Irwin, research director at the Lied Center for Real Estate. “Metro-level averages can hide much of the important differences in the housing market across the Las Vegas Valley and political leaders may be unaware of the housing needs within their own districts.”
In their housing study, “Investors & Affordability in the Housing Market: District-Level Analysis in Southern Nevada,” McCoy and Irwin use data from a variety of sources to provide an analysis of Nevada’s housing market with attention to investor-owned properties in the single-family home and rental markets.
“The Lied Center’s efforts to translate housing market data from the aggregate to the neighborhood level will provide a clearer picture of the market and firmer footing for legislators to enact policy,” said Irwin.
Looking at the economic effects of the pandemic on the housing market, Aaron Klein, Senior Fellow and Miriam K. Carliner Chair in Economic Studies at The Brookings Institution suggests in his study “Examining Housing Inflation Post COVID” that housing’s unique role as an asset class purchased by The Federal Reserve may be a factor explaining the rise in cost of housing.
Arthur C. Nelson, professor emeritus at The University of Arizona looks ahead in his housing study “Nevada’s Predictable Household Train Wreck and What To Do About It.” His report uses census headship rate concept to estimate number of unformed households finding that Nevada is "missing" nearly 60 thousand households due to limited stock affordable houses. Nelson projects total household demand Nevada 2040 which together currently missing households establishes overall needs state counties
Following these presentations two panels experts discuss improving Nevada's landscape
The first panel feature national voices discussing our finance system moderated by Klein He joined David Sanchez acting chief staff U.S Dept Housing Urban Development Susan Wachter professor real estate finance University Pennsylvania Elizabeth Carroll executive director agency relations JPMorgan Chase Home Lending
The second panel led by David Damore executive director Brookings Mountain West Lincy Institute discuss opportunities improve access feature voices Shanti Abedin vice president community development National Fair Alliance Shawn McCoy director Lied Center Dagny Stapleton administrator Clark County
The community forum will be Monday September 23 2024 from 8:30-11:30 am first floor auditorium inside Greenspun Hall free open public You can RSVP here
---