Browsing Posts In: Economic Updates

October 12, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Good News: 47 states have created jobs over the past 12 months. Utah is leading the way with a 4 percent job growth rate. The Pacific Ocean states of Oregon and Washington are right behind. Florida and Nevada round out the top-five. Naturally, these states are seeing solid demand for home buying and for commercial […]

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October 2, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Jobs continue to be added to the economy, but the momentum is less strong than before. Even so, the latest monthly addition of 142,000 is not shabby and brings the 12-month total to an impressive 2.75 million net new jobs. Both residential and commercial real estate markets have been improving principally because of jobs. One […]

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September 17, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Homebuilders are not building enough. In August, housing starts fell for the second straight month. Without a robust addition of newly constructed homes, an inventory shortage will continue. Specifically, housing starts fell to 1.13 million units (annualized pace) in August. That is seven percent below the recent peak set two months ago. More importantly, the […]

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Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Homebuilders are not building enough. In August, housing starts fell for the second straight month. Without a robust addition of newly constructed homes, an inventory shortage will continue. Specifically, housing starts fell to 1.13 million units (annualized pace) in August. That is seven percent below the recent peak set two months ago. More importantly, the […]

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September 15, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

The nation’s factories cut back total production in the past month, implying a marked reduction in economic momentum.  Though GDP in the second quarter grew at brisk pace of 3.7 percent, activity in the second half will be notably weaker at around two percent growth. Specifically, industrial production fell 0.4 percent in August from a […]

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September 14, 2015 Posted by: Amanda Riggs

We often receive questions to NAR’s Research Department regarding housing for the Baby Boomer generation. People want to know, why isn’t there specific housing built for them? How can REALTORS® cater to the needs of this group? The answers to those questions are contained in our research reports, but are often overlooked. The Baby Boomer […]

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September 4, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Over 2.9 million net new jobs were added to the national economy over the past 12 months to July. Not surprisingly, 83 percent of metro markets added jobs while only 17 percent did not create jobs or suffered a net lost. This improving job trend will underpin growth in real estate transactions going forward. Among […]

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August 28, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

Consumers are confident, even as the stock market gyrates and shakes. Rising employment and a solid boost to housing equity for a majority of households are evidently more than sufficient to overcome the fall in the stock market. Specifically, the consumer confidence index rose above the 100 mark in August for only the third time […]

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August 26, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

New home sales increased by 26 percent from one year ago. It’s a further proof of the housing market strengthening. Amid stock market gyrations residential real estate appears a very safe place to invest particularly given the current housing shortage in America. Specifically, new home sales, which are not closings but rather contract signings on […]

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August 19, 2015 Posted by: Lawrence Yun, PhD., Chief Economist and Senior Vice President

There is no inflation to speak of, but rents are now rising at the fastest pace in nearly seven years. The smiles from lower gasoline prices are quickly getting cracked by the hard squeeze on higher housing cost, which is the largest expenditure of most people’s budget. Specifically, the overall consumer price index grew by […]

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