Comments & Statements Archive

Instant Reaction: December Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics report on December employment conditions: “The job market continues to improve, but at a decelerating pace. The year 2017 ended with 2.1...

Instant Reaction: November Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on November housing starts: “A welcoming trend is developing in the housing sector as builders are able to bring more supply to the...
December 19, 2017

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following statement is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates, as well as what it means for the economy and housing in 2018: “There will be juice added...
December 13, 2017

Instant Reaction: November Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics report on employment conditions in November: “November marked another impressive month for the labor market, adding up to now over 2 million...

Instant Reaction: S&P/Case-Shiller September Home Prices

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on September home prices: “Home prices, after multiple years of fast growth, still show no signs of cooling because of the ongoing housing shortage in much...
November 28, 2017

Instant Reaction: October 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 October: “The South region is quickly getting back on its feet with a big jump in new housing starts,...
November 17, 2017

Instant Reaction: Q3 Homeownership Rate and S&P/Case-Shiller

The following is NAR Chief Economist Lawrence Yun’s reaction to today’s reports on the U.S. homeownership rate in the third quarter and August home prices (S&P/Case-Shiller). “The American Dream of home ownership remains elusive, as the third quarter figure shows little...

Instant Reaction: Q3 GDP

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on Gross Domestic Product (GDP) in the third quarter: “Economic growth of 3% in the third quarter is quite impressive in light of...

Instant Reaction: September Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on September housing starts: “The one month fall in new home construction, especially in the South region in light of Hurricane recovery, is...

Instant Reaction: September Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics report on employment conditions in September: “The key statistic in the September jobs report is the fact that wages grew 2.9%. The...