New construction in most markets was subdued in 2014, and is expected to be low overall in 2015.
New construction in Baltimore County.
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While there is
no new construction in the mall sub-sector save expansions of existing malls, demand for space should increase along with the recovery in the economy and labor markets in 2015, even while owners deal with the fallout from ongoing store closures.
The median purchase price of homes constructed in the past four years was higher at $ 235,000, down 2.1 percent from the $ 240,000 reported for
new construction in 2009.
But Artelli points out that there is a now an onslaught of
new construction in parts of the county, including Titusville, Melbourne, and Palm Bay.
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Managers at less expensive apartment complexes are much less likely to have to offer concessions of free rent to compete with new properties since there hasn't been as much
new construction in the class - B sector, while demand has remained strong.
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Housing inventories are tightening up around the country and
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