Na Zhao, Ph.D. Email and Phone Number

• Spearhead the design and implementation of Home Building Geography Index to analyze housing activity which has become a standard NAHB tool of measuring housing construction growth in a broader range of submarkets across the country • Create around 30 research pieces annually with focus on construction spending, homeownership rates, personal income, student housing investment, age of housing stocks, and second homes, that led to innovative business insights for NAHB members and local associations, quoted and interviewed by Mortgage News Daily, MarketWatch, Bloomberg, USA Today • Use Input-output model to conduct housing impacts on local economy, jobs and tax revenues, deliver actionable recommendations to local Executive Officers and NAHB members • Develop independent analysis on the impacts of housing prices and mortgage interest rates on housing affordability at national, state and metropolitan areas, provide insights to policymakers and stakeholders to inform housing affordability initiatives and improve access to affordable housing for low-income families• Engage with members and clients to understand their needs and deliver customized insights tailored to their business objectives.

• Assessed and analyzed internal data sets and publicly available housing data, monitor demographic and economic trends at a local, regional and national level and synthesize large amounts of data into succinct and novel housing market insights• Conducted cost-benefit analyses to evaluate the cost implications of energy-efficient codes on residential constructions• Analyzed policy questions and implement economic research studies to support NAHB’s policy objectives

• Well trained in both economic theory and empirical skills in Microeconomics, Macroeconomics, Econometrics, Environmental Economics, and Behavior Economics.• Developed sophisticated econometric models for a variety of academic projects including examining the policy impacts on deforestation, agricultural land abandonment in Eastern Europe and issues related to household income diversification, informal risk sharing, migration and poverty reduction in developing countries.• Collected, complied and analyzed extensive household panel data, macroeconomic data and land cover data on Eastern Europe, China and Thailand.• Delivered peer-reviewed academic paper and report in written form as well as via formal and informal presentations.

• Assisted in analyzing survey data on household attitudes towards food insecurity and poverty.• Analyzed the effect of parental wages on intra-household time allocation using American Time Use Survey and Current Population Survey

• Assisted the Corporate Banking group with client portfolio management on asset allocation and investment.• Worked closely with Operations team in generating reports of risks and ensuring transactions booked properly.

• Worked at the General Accounting department to ensure the monthly fiscal closing done successfully without delay. • Conducted analysis on money market hedge to minimum the effect of exchange rate on the cash flows.