Housing Market Archive

Latest Housing Starts – August 2014

Disappointingly, housing starts fell measurably in August. Homebuilder confidence had risen to a 9-year high but that is not being matched by what is actually happening on the ground. The current pace of new home construction is woefully low...

Forecast for the Economy

Incoming fresh economic data point to continued GDP expansion at a near 3 percent growth rate and about 2.5 million net new jobs over the next 12 months. Inflation remains tame – so far. But upward pressure will build...

Economic Forecast Presentation (NAR Leadership Summit 2014)

The 2014 NAR Leadership Summit, an annual event that brings together Presidents-Elect and Chief Staff Executives of the local and state associations, was held in late August in Chicago. As part of the program schedule, NAR Chief Economist Lawrence...

Jobs Impact of Existing Home Sale

The National Association of REALTORS® estimates that one job is generated or supported for every two home sales. This estimate is based on a comparison of the economic impact of an existing home sale to various measures of income....

The Latest on GDP

The economy popped out nicely in the second quarter.  The measurement of everything Americans produced increased by 4.2 percent.  Such a growth rate, if it can be sustained, means measurably higher future income and about 3 million net new...