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Luxury Home Sales in U.S. Plummet 28 Percent Annually in Q3

Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022. That's the biggest decline since at least 2012, eclipsing the 23.2% plunge that occurred when the onset of the coronavirus pandemic brought the housing market to a near standstill roughly two years ago.

Nonresidential Construction Spending Falls 0.5 Percent in the U.S.

According to the Associated Builders and Contractors trade association's analysis of data published by the U.S. Census Bureau, national nonresidential construction spending was down by 0.5% in June 2022.

Pending Home Sales in America Fall 8.6 Percent in June

According to the National Association of Realtors, pending home sales decreased in June 2022, following a slight increase in May 2022. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West.

U.S. Tenants Gravitating to Higher Quality Offices in Response to Hybrid Work

According to global property consultant CBRE, there is a "flight to quality" playing out across 12 major U.S. markets as office-using companies adapt their workplaces for hybrid work.

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