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).
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.
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.
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%.
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