Comments & Statements Archive

Instant Reaction: May Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on May new home construction: “New home construction activity soared to its highest level in over a decade, which is fantastic...

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates: “We are still in the middle innings of rising interest rates; consumers should expect another three or four rounds of interest...

Instant Reaction: Q1 GDP

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on Q1 GDP: “The continuing economic expansion assures further job creations and household formations. However, the latest GDP growth rate (of 2.3%) is short of...
April 27, 2018

Instant Reaction: Q1 Homeownership Rate and S&P/Case-Shiller

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on February home prices: “There is no let-up to rising home prices. The Case-Shiller Index and National Association of Realtors® median home price both show gains of...
April 24, 2018

Instant Reaction: March Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in March: “The March jobs report was a bit soft, and first quarter GDP growth rate...

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates: “We are in the middle innings of monetary policy normalization. Interest rates that the Fed directly controls – the federal...

Instant Reaction: February Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on residential construction in February: “The fall in housing starts in February is a movement in the wrong direction. The key to economic...

Instant Reaction: February Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics release on employment conditions in February: “The strong job growth assures at least three interest rates hikes by the Federal Reserve in...

NAR President Elizabeth Mendenhall on HUD’s Potential Changes to its Mission Statement

The following is a statement from NAR President Elizabeth Mendenhall regarding the Department of Housing and Urban Development’s potential plans to remove anti-discrimination language from its current mission statement: “As Realtors® join with our industry partners, allies and consumers throughout 2018...

Impact of aluminum, steel tariffs on residential real estate

Following is a statement from National Association of Realtors® Chief Economist Lawrence Yun on the proposal to impose tariffs on steel and aluminum and the potential impact on residential real estate: “International trade requires reciprocal understanding of mutual interests. Trade has...