US Housing & Housing Finance Conference
Monday, March 30, 2020
March
Register Now
Jump to:
Highlights of the conference include:

        How Resilient is Today’s US Housing Ecosystem?

The companies and institutions that build, sell, finance, and rent out US housing are facing a changing ecosystem. Pressures are coming from a number of directions, including a cloudier economic outlook, supply/demand imbalances, and a lack of affordability across many segments. Ongoing regulatory considerations, a changing competitive landscape and technology-driven innovation are also creating an uncertain environment.

This conference will offer valuable insights about the current environment and discuss how sectors exposed to housing and/or housing finance will manage the challenges and opportunities awaiting them

Sessions will include:

Join the conversation on March 30th at Moody’s US Housing Conference 2020 to engage with senior policy experts, senior industry leaders, and Moody’s analysts to better assess the uncertain future in an important election year.

Registration to attend is required.

·      Discussion of the factors currently weighing on housing affordability and implications on the market

·      Focus on the effects of the changing market environment on industry sectors

·      What are the underappreciated risks as interest rates and home prices continue to rise?

8:00 AM Registration & Breakfast

 

8:00 AM Pre-Conference Workshop: Enhancing your fundamental credit analysis with Moody’s CreditView

Join us at the workshop to discover how you can improve your analysis of the Housing sector by bringing together credit ratings, research, and data from Moody’s Investors Service, as well as research, data and content from Moody’s Analytics.

Featuring:

  • Moody’s CreditView – Learn how to gain an understanding of current trends and sector dynamics impacting credit
  • Moody’s Analytics Data Buffet - Leverage economic, financial and demographic data and forecasts at the national and regional level to evaluate the impact of shocks and differing economic assumptions
  • Moody’s Analytics Structured Finance Portal Data Viewer - Understand loan-level trends driving credit performance and collateral overlap across deals.

»    Presented by Moody’s Analytics

9:00 AM Welcoming Remarks

 

9:10 AM Opening Keynote Address

 

9:40 AM Fannie and Freddie’s Future: 2020 and Beyond

This session will explore potential GSE reforms,their likelihood of coming to pass, and their potential effects on the US housing and housing finance markets and the entities that operate within them

  • What will the GSEs post conservatorship look like?
  • Which administrative reform steps could have the biggest impacts?
  • What does the current state of affairs mean for the GSEs themselves?
  • How are the GSEs shaping the broader mortgage market, and will that change if reforms move forward?

10:30 AM Networking Break

 

10:50 AM Focus on Downside Risks

This panel will discuss a wide range of risks to the housing and housing finance markets, reflecting both recent trends and ongoing sector dynamics.

  • When the next recession arrives, how bad will it be for housing-related sectors relative to past downturns?
  • What do stretched affordability, reduced supply and low turnover mean for housing activity and other dynamics?
  • Amid new rent control initiatives and a renewed focus on zoning and land use, what potential policy changes deserve to be on your radar?
  • Environmental risks are real and growing: What do you need to know? 

11:40 AM Industry Leaders’ Responses to Change

This panel will discuss new business models, new technology uses, new regulations, and other potential headwinds or tailwinds for companies involved in the housing or housing finance markets.

  • Where and how are the “disruptors” changing competitive dynamics, if at all?
  • Which technologies are having a big impact now, and which could still eventually shake up markets?
  • How will new business models, processes and tools impact the mortgage origination process?
  • Which “old school” considerations will be important to keep in mind?

 

12:30 PM Networking Lunch

1:30 PM Afternoon Keynote Address

2:15 PM BREAKOUT SESSIONS I

Session A: Homebuilders’ Resiliency to Risks in an Evolving Environment

This session will discuss how resilient homebuilders’ are today to risks associated with an evolving environment, and potentially weaker economy, from the perspective of strategy, financial profile and liquidity, supply-demand characteristics, cost pressures and profitability. The discussion will also highlight strengths and vulnerabilities of credit profiles and business models, and review competitive industry environment and repair & remodeling trends.

  • Readiness of homebuilders to a potential weakening economic environment; their current positioning versus the crisis; ability to adapt.
  • Strengths and vulnerabilities of business models and strategies.
  • Persistently high input costs. What are the pressure points?
  • Existing home sale environment and repair & remodeling trends

Session B: Cross-Sector Perspectives on Evolving Trends in the Rental Market

This session will explore the impacts of evolving trends in the rental market on the performance and decision-making of apartment REITs and multifamily/single-family rental securitizations, with a particular emphasis on affordability and demographic trends.

  • What is the future of affordability and how will it affect the rental market?
  • How will changing demographics influence different rental sectors?
  • What are the drivers for future growth?

Session C: State HFAs’ Response to the Affordable Housing Crisis: What’s the Credit Impact?

This session will address the potential credit impacts as HFAs increase their production and subsidies in response to an affordable housing crisis created by increasing home prices, rising rental rates and relatively slow wage growth.

  • Single family down payment assistance funding sources and repayment
  • Multifamily financing and subsidy strategies
  • Influence of outside partners on HFA production
  • Expectations for credit and financial performance

Session D: The Evolution of RMBS: Recent Trends and Potential Changes Ahead

This session will cover recent trends in US residential mortgage securitization, potential upcoming changes and what they mean for credit and volumes This session .will also include discussions of collateral quality and performance in the various RMBS sectors.

  • Growth of non-QM PLS across the credit spectrum
  • GSE, mortgage insurance, and bank CRT
  • Considerations on ESG risks
  • How the use of technology can impact credit risk and performance
  • Trends in originators’ and servicers’ business models

3:10 PM BREAKOUT SESSIONS II

Group E: Regional Single-Family Housing Market Outlook

This session will focus on the regional differences in the U.S. single-family housing outlook. While the U.S. is expected to experience slower price and sales growth over the next 2-3 years, there is considerable variation.  In a highly interactive session we will address questions such as:

  • Where are US house prices over- or undervalued the most?  And what’s the outlook?
  • Which markets are most and least affordable?  How could this impact home sales and construction trends?
  • What are current trends in rental affordability?   Where has it improved and worsened?  How is rental affordability impacting the ability of potential buyers to save for a down payment?
  • What do demographic trends suggest for future single-family housing demand?  How will trends toward smaller family sizes and increased multigenerational housing play out?
  • How might investor considerations for climate change and ESG impact the single-family housing market?

Group F: The Future of Multifamily Housing

This session will discuss demand drivers and key supply-side issues affecting performance indicators for multifamily markets in the US. While there are short-run supply issues for some markets, in general demographic trends suggest a relatively strong outlook for the intermediate (5-10 year) horizon.

  • More than a decade of economic growth has pushed vacancy rates to near-historic lows in several markets. Developers have responded by bringing product to market, but financing sources have helped constrain supply excesses.
  • Affordability remains an issue given ten years of relatively strong rent growth, and issues surrounding rent regulation and its implementation darken the outlook for certain markets.
  • Multifamily remains a favored asset class in the commercial real estate space, but for how long? What are the other options out there?

Group G: The End of Libor: Transition Impacts and Operational Readiness

This session will focus on the impact on and readiness of mortgage lenders, servicers, housing finance agencies, and securitization participants to the proposed 2021 retirement of Libor.

  • Libor Replacement: SOFR and other indices
  • Legacy Contracts Amendments
  • Operational Readiness for servicers, lenders, and issuers
  • Credit Impact

4:00 PM Conclusion and Networking Reception

8:00 AM Registration & Breakfast

 

8:00 AM Pre-Conference Workshop: Enhancing your fundamental credit analysis with Moody’s CreditView

Join us at the workshop to discover how you can improve your analysis of the Housing sector by bringing together credit ratings, research, and data from Moody’s Investors Service, as well as research, data and content from Moody’s Analytics.

Featuring:

»    Presented by Moody’s Analytics

9:00 AM Welcoming Remarks

 

9:10 AM Opening Keynote Address

 

9:40 AM Fannie and Freddie’s Future: 2020 and Beyond

This session will explore potential GSE reforms,their likelihood of coming to pass, and their potential effects on the US housing and housing finance markets and the entities that operate within them

10:30 AM Networking Break

 

10:50 AM Focus on Downside Risks

This panel will discuss a wide range of risks to the housing and housing finance markets, reflecting both recent trends and ongoing sector dynamics.

11:40 AM Industry Leaders’ Responses to Change

This panel will discuss new business models, new technology uses, new regulations, and other potential headwinds or tailwinds for companies involved in the housing or housing finance markets.

 

12:30 PM Networking Lunch

1:30 PM Afternoon Keynote Address

2:15 PM BREAKOUT SESSIONS I

Session A: Homebuilders’ Resiliency to Risks in an Evolving Environment

This session will discuss how resilient homebuilders’ are today to risks associated with an evolving environment, and potentially weaker economy, from the perspective of strategy, financial profile and liquidity, supply-demand characteristics, cost pressures and profitability. The discussion will also highlight strengths and vulnerabilities of credit profiles and business models, and review competitive industry environment and repair & remodeling trends.

Session B: Cross-Sector Perspectives on Evolving Trends in the Rental Market

This session will explore the impacts of evolving trends in the rental market on the performance and decision-making of apartment REITs and multifamily/single-family rental securitizations, with a particular emphasis on affordability and demographic trends.

Session C: State HFAs’ Response to the Affordable Housing Crisis: What’s the Credit Impact?

This session will address the potential credit impacts as HFAs increase their production and subsidies in response to an affordable housing crisis created by increasing home prices, rising rental rates and relatively slow wage growth.

Session D: The Evolution of RMBS: Recent Trends and Potential Changes Ahead

This session will cover recent trends in US residential mortgage securitization, potential upcoming changes and what they mean for credit and volumes This session .will also include discussions of collateral quality and performance in the various RMBS sectors.

3:10 PM BREAKOUT SESSIONS II

Group E: Regional Single-Family Housing Market Outlook

This session will focus on the regional differences in the U.S. single-family housing outlook. While the U.S. is expected to experience slower price and sales growth over the next 2-3 years, there is considerable variation.  In a highly interactive session we will address questions such as:

Group F: The Future of Multifamily Housing

This session will discuss demand drivers and key supply-side issues affecting performance indicators for multifamily markets in the US. While there are short-run supply issues for some markets, in general demographic trends suggest a relatively strong outlook for the intermediate (5-10 year) horizon.

Group G: The End of Libor: Transition Impacts and Operational Readiness

This session will focus on the impact on and readiness of mortgage lenders, servicers, housing finance agencies, and securitization participants to the proposed 2021 retirement of Libor.

4:00 PM Conclusion and Networking Reception

Featured Speakers

Mark Zandi
Chief Economist

Moody's Analytics

Moody's Analytics

Chief Economist
Mark Zandi
David Denton
Executive Vice President, Chief Financial Officer

Guest Speaker

Lowe's

Guest Speaker

Lowe's

Executive Vice President, Chief Financial Officer
David Denton

No items found.

Minsun Pak

Assistant Director - MIS Events and Outreach

Global Marketing & Events

minsun.pak@moodys.com