Las Vegas Real Estate News
Las Vegas
U.S. Construction Job Openings Surge in December
According to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey, the U.S. construction industry had 413,000 job openings in December 2022.
U.S. Homebuilders Association Predicts a Continued Housing Downturn in 2023
The U.S. housing recession will bleed into 2023 as elevated inflation and mortgage rates, coupled with stubbornly high building material construction costs, continue to take a toll on the housing industry and are expected to push the overall economy into a mild recession this year.
Architecture Demand, Billings Continue to Decline in U.S.
According to a new report from the American Institute of Architects, demand for design services from U.S. architecture firms continued to contract in December 2022.
U.S. Mortgage Rates Ticked Down in Late January
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.13 percent as of January 26, 2023.
