The US economy added 177,000 jobs in April, a stronger than expected number, and Lawrence Yun, chief economist of the National Association of Realtors (NAR), stated this was evidence of a healthy economy.
“Income growth is outpacing consumer price inflation,” said Yun in a statement. “Regardless of what may be happening on Wall Street, where half of the stock market valuations are held by the top 1% of the population, Main Street America continues to move forward.”
Yun observed that “nearly 10,000 jobs were added to the real estate sector, primarily related to rental and leasing activity.” He also asserted the vibrant jobs data “indicate increased occupancy demand for apartment and commercial buildings.”
As for the housing market, Yun stated that “homeowners across the country are also faring well as housing equity continues to reach new record highs.” For Yun, this adds up a mostly healthy economic picture.
“The economy is progressing despite all the trade and tariff disruptions,” Yun said.
