America’s Housing Affordability Problem
In the first of our 3-part series on affordable housing, we’ll try to understand the problem. There is a shortage of housing today in the segment of the United States housing market which services low and moderate income workers – called Essential Housing or sometimes Affordable Housing. Essential Housing renters have few housing choices that they can afford in locations where they would like to live. What’s driving this supply and demand imbalance? What makes something unaffordable? How can institutional capital help?
This episode is presented by AEW Capital Management
Speaker: Michael Acton, Managing Director, Head of AEW Research, AEW
Mike Acton, CFA, is a Managing Director of the firm and AEW’s Head of Research with responsibility for directing the activities of AEW Research, the firm’s in-house research group. He works closely with the Fund’s investment management team in the development of the Fund’s investment strategy and criteria. Mr. Acton joined the firm in 1990 and has 34 years of experience as an economic analyst and forecaster. He is a standing member of the firm’s Investment Committee, Management Committee and Risk Management Committee. The resources of AEW Research are an integral part of AEW’s investment process and Mr. Acton works closely with senior professionals in all areas of the firm to develop investment strategies that match clients’ risk/reward objectives with market opportunities. Mr. Acton is also a member of the firm’s Compliance Committee. Prior to joining AEW, he was with DRI/McGraw-Hill where he managed the Metropolitan Area Forecasting Service. He is a graduate of Bates College (B.A.) and a CFA charterholder.
Resources: Download AEW’s report on Essential Housing