Lawrence Yun Archive

Existing-Home Sales Slip 0.7 Percent, Lowest Pace in Two Years

Existing-home sales decreased for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month....
August 22, 2018

Instant Reaction: July Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in July: The economy is rolling along and jobs are being created. Though the latest monthly...
August 3, 2018

Existing-Home Sales Subside 0.6 Percent in June

Existing-home sales decreased for the third straight month in June, falling 0.6 percent to 5.38 million sales as declines in the South and West exceeded sales gains in the Northeast and Midwest, according to the National Association of REALTORS®....
July 23, 2018

Instant Reaction: June Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in June: “A total of 213,000 net new jobs in June and 2.4 million over the past...
July 6, 2018

Pending Home Sales See Modest Decrease in May

Pending home sales inched back 0.5 percent in May, falling on an annualized basis for the fifth straight month, according to NAR.  A decline in contract activity in the South offset gains in the Northeast, Midwest and West. Lawrence...
June 27, 2018

Existing-Home Sales Backpedal in May

Existing-home sales fell back in May for the second straight month; sales fell 0.4 percent to seasonally adjusted annual rate of 5.43 million in May from a downwardly revised 5.45 million in April. Lawrence Yun, NAR chief economist, says a...
June 20, 2018

Instant Reaction: May Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on May new home construction: “New home construction activity soared to its highest level in over a decade, which is fantastic...
June 19, 2018

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today to raise short-term interest rates: “We are still in the middle innings of rising interest rates; consumers should expect another three or four rounds of interest...
June 13, 2018

Instant Reaction: May Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in May: “Housing demand will be supported by the continuing job gains even as mortgage rates rise....
June 1, 2018

Pending Home Sales Fall in April, Third Lowest Level Since 2017

After modest increases in February and March, pending home sales dipped in April to their third-lowest level over the past year, according to NAR. The Pending Home Sales Index declined 1.3 percent to 106.4 in April from an upwardly...
May 31, 2018