NAR Archive

Instant Reaction: January Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on January new home construction: “Terrific news on housing starts in January with a solid 10% gain. This rise in single-family...
February 16, 2018

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...

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

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

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...

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...

Register Today: 2017 REALTORS® Conference & Expo

In a little less than one month, over 20,000 Realtors®, industry experts and guests will flock to the Windy City for the 2017 Realtors® Conference and Expo (Nov. 3-6) at the McCormick Place – West Building. Housing affordability and supply, commercial real...
October 9, 2017

Instant Reaction: September 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 September: “The key statistic in the September jobs report is the fact that wages grew 2.9%. The...

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s thoughts on today’s announcement by the Federal Reserve to start unwinding their balance sheet in October, and what that will mean for mortgage rates through 2018: “As the Federal Reserve indicated...
September 20, 2017

NAR Instant Reaction: August Housing Starts

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department release on residential construction in August. “Following August’s decline in new home construction, there will no doubt be a further temporary setback to housing...
September 19, 2017