housing Archive

Price Forecasting the Winner of Super Bowl LII

The NFL’s Divisional Round kicks off this weekend, featuring a bevy of talented teams, including regular heavyweights, the New England Patriots and the Pittsburgh Steelers, as well as some newcomers (Jacksonville Jaguars and Tennessee Titans). While TV analysts and...

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...

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 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...

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

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

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 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...