housing supply Archive

WATCH: Realtors® December Housing Minute: A 50-Second Video of Market Activity

Fueled by strong job growth and the strengthening economy, existing-home sales and contract signings both increased in November. Visit (or watch below) https://www.nar.realtor/videos/housing-minute to watch a 50-second, animated video from the National Association of Realtors® summarizing how the housing market...
December 29, 2017

November Sales Surprise to a Near 11-Year High; Contract Signings Also Rise

In what reflects the significant amount of pent-up demand in today’s housing market, existing-home sales surged in November to their strongest pace since December 2006. Good news was also found in November’s pending sales data.  Whether it’s been weakening...
December 27, 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...

WATCH: Realtors® November Housing Minute

Existing-home sales and contract signings saw strong gains in October, but both remained below year ago levels because of the persistent supply and affordability barriers in much of the country. Watch above, or visit https://www.nar.realtor/videos/housing-minute to view a 56-second,...
November 30, 2017

The Anatomy of a First-time Buyer in 2017

Prospective first-time buyers in recent years have had to navigate several obstacles on their path to homeownership, including higher rents and home prices, tight inventory conditions and repaying student loan debt. These impediments are a big reason why first-timers...
November 14, 2017

NAR’s 2018 Housing and Economic Forecast

NAR Chief Economist Lawrence Yun presented his 2018 economic and housing forecast this morning here at the 2017 Realtors® Conference and Expo in Chicago. Yun expects existing-home sales to rise 3.7 percent next year. However, there are some caveats. Low...
November 3, 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: 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...

August Housing Market Activity in One Minute

Looking for a quick recap of housing activity reported this month by NAR Research? Look no further than September Housing Minute, our animated video series highlighting key data in under one minute. Visit https://www.nar.realtor/videos/housing-minute to watch all Housing Minute videos since...
September 28, 2017

Low Inventory Is Pushing Prices Up and Days on Market Down

Existing-homes rebounded nicely in May as more buyers navigated the headwinds of weaker affordability and limited listings in the affordable price range. It’s very evident that supply this spring severely lags demand in many parts of the country. It’s...