Rutgers Business School real estate professor appointed to the Council of Economic Advisers to the president

NEWARK, N.J., March 20, 2025 /PRNewswire/ -- Rutgers Business School finance and economics professor Morris Davis has been appointed to the White House Council of Economic Advisers (CEA) as the nation's chief housing economist.

As the Paul V. Profeta Chair of Real Estate and academic director of the Center for Real Estate, Davis has been educating students, conducting research that has both academic and industry relevance, and exchanging ideas at high impact events and conferences at Rutgers Business School since 2014. In his role at the CEA, Morris will be advising the president on policies that can help lead to lower housing costs and increased housing supply.

"We are ecstatic to have a talent like Professor Davis join us at the White House Council of Economic Advisers," said CEA Chairman Steve Miran 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."

As an economist, Davis will provide advice to the president on policies that will allow more housing units to be built and reduce regulations that restrict supply and drive-up costs. "It's an honor to be asked to serve our country," said Davis. "My goal is to help the president make housing affordable for everyone."

With its strategic location in New Jersey, where 20% of the U.S. population lives within a four-hour drive of its borders, Rutgers Business School is deeply involved in research projects that have the potential to improve business practices everywhere. "Anything that is good for New Jersey, is good for the United States and the world," said 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.

Established by Congress in 1946, the CEA has approximately 45 members who are charged with providing empirical research to support the president in setting the nation's economic policy. Davis's appointment runs through December 2025.

About Rutgers Business School

Rutgers Business School-Newark and New Brunswick is an integral part of one of the nation's oldest, largest, and most distinguished institutions of higher learning: Rutgers, The State University of New Jersey – founded in 1766. Today, Rutgers Business School is educating approximately 10,000 undergraduate and graduate students at two main campuses in New Jersey as well as satellite locations in Jersey City and Singapore. Steeped in academic excellence, with a distinguished faculty and over 60,000 alumni, Rutgers Business School is highly ranked by U.S. News & World Report, Financial Times, and Bloomberg Businessweek. For additional information, visit business.rutgers.edu.

About The Center for Real Estate at Rutgers Business School
The Center for Real Estate at Rutgers Business School was established in 2014 as an academic program positioned to transform and inspire the next generation of real estate leaders. The Center's Executive Committee, Advisory Board and Leaders Council are comprised of the most knowledgeable and successful real estate professionals, in both academic study and in real world practice, and all of them are dedicated to creating and cultivating a collaborative community of industry thought leaders. (realestate.business.rutgers.edu)

SOURCE Rutgers Business School