Comments & Statements Archive

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 (BLS) report on the employment situation in September: “Job growth in September was positive yet slower compared to recent months, while the unemployment...
October 5, 2018

Instant Reaction: Lawrence Yun on Today’s FOMC Statement

The following is NAR Chief Economist Lawrence Yun’s reaction to today’s Federal Reserve decision to raise interest rates: “The era of super-low mortgage rates is over and consumers will face higher interest rates over the next two years. Another...
September 26, 2018

Realtors® statement on House vote to extend flood insurance

National Association of Realtors® President Elizabeth Mendenhall released the following statement after today’s U.S. House vote on legislation extending flood insurance funding: “Flooding is the most common and costly natural disaster in the United States. Without an extension of authority, the National Flood...

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...

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...

Instant Reaction: Q1 GDP

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Commerce Department report on Q1 GDP: “The continuing economic expansion assures further job creations and household formations. However, the latest GDP growth rate (of 2.3%) is short of...
April 27, 2018

Instant Reaction: Q1 Homeownership Rate and S&P/Case-Shiller

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s S&P/Case-Shiller release on February home prices: “There is no let-up to rising home prices. The Case-Shiller Index and National Association of Realtors® median home price both show gains of...
April 24, 2018

Instant Reaction: March 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 March: “The March jobs report was a bit soft, and first quarter GDP growth rate...

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 in the middle innings of monetary policy normalization. Interest rates that the Fed directly controls – the federal...

Instant Reaction: February 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 February: “The fall in housing starts in February is a movement in the wrong direction. The key to economic...