The WPJ

Washington D.C.

U.S. Construction Hiring Rate Drops to Lowest Levels in 5 Years

The construction industry had 217,000 job openings as of December 31, 2024, according to an analysis by Associated Builders and Contractors (ABC) based on data from the U.S. Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS).

U.S. Homes Are Selling at Slowest Pace in 5 Years in Early 2025

According to Redfin, U.S. homes are selling at the slowest pace since the pandemic's onset in early 2020, as high mortgage rates and elevated home prices persist.

Multifamily Property Sector in America Rebounding

CBRE's latest research highlights a strong recovery in the U.S. multifamily market during late 2024, fueled by declining vacancy rates and robust demand.

Pending Home Sales Dive Across America in December

The National Association of Realtors reported this week a significant decline in U.S. pending home sales for December 2024, breaking a four-month streak of increases. The Pending Home Sales Index (PHSI) decreased by 5.5% to 74.2, with a year-over-year decline of 5.0%.

Washington D.C. Property News












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