homebuilding Archive

Instant Reaction: May Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on the dip in residential construction in May: “Housing shortages look to intensify and may well turn into a housing emergency if the...

Instant Reaction: April Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on April residential construction:  “With housing starts declining in April, inventory shortages will continue for a longer period of time. The intensifying housing...

Instant Reaction: March Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on March residential construction: “A major housing shortage exists in this country. It is therefore disappointing to witness in March the continued lackluster...