GDP Archive

Instant Reaction: Q2 GDP

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on Q2 GDP: “The second quarter GDP growth rate was still unimpressive despite doubling the pace from the first quarter. The latest 2.6%...

NAR Midyear Forecast: Existing Sales Up 3.5 Percent

One of the most well-attended forums at the annual REALTORS® Legislative Meetings & Trade Expo is the Thursday morning housing and economic forecast headlined by NAR Chief Economist Lawrence Yun. This morning’s all-star trifecta of speakers did not disappoint. Yun was...

Instant Reaction: Q4 GDP Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Department of Commerce report on Gross Domestic Product (GDP) in the fourth quarter of 2016: “The economic growth of 1.9% in the final quarter was again...

Instant Reaction: Third Quarter GDP

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release of U.S. Gross Domestic Product (GDP) during this year’s third quarter:  “The economy looks solid as GDP grew by 2.9% on an annualized basis in the...

Instant Reaction: Second Quarter GDP

The following is NAR Chief Economist Lawrence Yun’s reaction to today’s Commerce Department release of second quarter Gross Domestic Product (GDP): “GDP growth in the second quarter shows the economy barely above water. It marks the third consecutive quarter...

Inside the Release: Commercial Markets with the Lowest Vacancy Rates

With demand for apartment rentals far exceeding supply in many markets, it’s no surprise that multifamily housing was highlighted in NAR Research’s commercial report (released today) as the industry’s top performing sector. By how much? Consider this: 29 markets,...