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RSS Economist’s Outlook from the NAR

  • The Latest Housing Starts (September 2014) October 17, 2014
    Homebuilders were busier in September, digging more dirt and ready to bring more new homes to the market.  But construction was tilted towards multifamily apartment units.  Single-family home construction still remains well below historical norms.  A housing shortage is a definitive possibility next year unless homebuilders get more active. In September, housing starts rose 6 […]
    Lawrence Yun, PhD., Chief Economist and Senior Vice President
  • Falling Oil Prices, REALTOR® Expense October 16, 2014
    Oil prices have tumbled in the past month, and the reasons are due to supply and demand.  North Dakota is producing oil like mad, now the second biggest oil producing state after Texas, surpassing Alaska.  On the demand side, Europe is not growing and may even be slipping into a recession.  Less production means less […]
    Lawrence Yun, PhD., Chief Economist and Senior Vice President
  • Unemployment Insurance Claims Fall to Lowest in 14 Years October 16, 2014
    Initial claims for unemployment insurance filed in the week ended October 11 dropped to 287,000, the lowest since April 2000. This puts the 4-week moving average to 283,500, also the lowest since June 2000. A number that is below 300,000 has been the rule of thumb for a level indicating normal economic activity. Fewer claims […]
    Scholastica (Gay) Cororaton, Research Economist