Comments & Statements 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

Realtors® win pro-real estate provisions in budget deal

The federal budget deal passed by Congress and now on its way to the President’s desk contains a number of wins for real estate, including a temporary extension of federal flood insurance and extension of several National Association of...

Instant Reaction: January Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics report on January employment conditions: “The best news from the January jobs report is accelerating wages, which rose 2.9% from a year ago. The...

Realtors®: RESPA win on marketing service agreements

The U.S. Court of Appeals for the D.C. Circuit has reinstated its prior holding that payments for bona fide services provided and made at fair market value do not violate the Real Estate Settlement Procedures Act, or RESPA. This decision...

Instant Reaction: Lawrence Yun on Today’s FOMC Statement and 2018 Outlook for Mortgage Rates

The following is NAR Chief Economist Lawrence Yun’s reaction to the Federal Reserve’s decision today not to raise short-term rates, as well as how monetary policy the rest of the year will influence mortgage rates: “The Fed will not be on...

Instant Reaction: 2017 Q4 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 fourth quarter: “The economy expanded at a respectable rate of 2.3% in 2017. That’s a good comeback...

NAR Statement on Federal Government Shutdown

National Association of Realtors® President Elizabeth Mendenhall issued the following statement in response to the shutdown of the federal government: “The government shutdown will have an impact on real estate transactions should it continue for an extended period of time.  The National Association...

Instant Reaction: December 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 December: “The latest decline in the volatile housing starts data is disappointing, but surely not lasting. New home construction...

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