Norfolk Real Estate News
Norfolk
U.S. Construction Jobs Decline in March as Layoffs Uptick
According to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey, the construction industry had 341,000 job openings in March 2023.
U.S. Homeowners Lost $2.3 Trillion In Value Since Mid-2022
According to national property broker Redfin, total value of U.S. homes was $45.3 trillion at the end of 2022, down 4.9% ($2.3 trillion) from a record high of $47.7 trillion in June 2022.
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.
High U.S. Housing Costs Drove Record Relocations in 2022
National property broker Redfin is reporting that a record one-quarter (24.6%) of Redfin.com users looked to move to a different metro area in the fourth quarter of 2022. That's up from 22.1% a year earlier and around 18% before the pandemic.
