Sentences with phrase «hurting construction markets»
Notably, government budget cuts and tight lending standards have restricted spending, hurting construction markets that are responsible for 25 % of Europe's total consumption.
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Apartment vacancy is expected to hold at 5.8 %, according to Marcus & Millichap, but competition from single - family and residential condominiums being offered for rent by individual owners will hurt those markets where for - sale residential construction was most active in recent years.
Though the apartment sector overall will remain stable, certain markets and types of properties will be more hurt by competition from new construction.