The WPJ

Phoenix

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.

New Home Starts Uptick in December as Multifamily Production Weakens in U.S.

According to a new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, single-family housing starts posted a double-digit percentage gain in December 2022.

U.S. Home Sales Continued to Dip in December

According to the National Association of Realtors, existing-home sales retreated for the eleventh consecutive month in December 2022. Three of the four major U.S. regions recorded month-over-month drops, while sales in the West were unchanged. All regions experienced year-over-year declines.

U.S. Tech Industry Office Leasing Pace Slowed in 2022 to Lowest Share in 5 Years

According to CBRE's annual Tech-30 report, the tech industry's share of U.S. office-leasing activity slipped in the first half of 2022 to its lowest share in five years.

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