Still,
the pace of construction remains less than half of what most economists consider healthy for the sector.
«Although a few small cities with high ratios did not make the national rank for absolute permit shortages, their supply shortages are still meaningful at the local level and could become a bigger issue if job gains hold steady and the current
pace of construction remains at its nearly non-existent level,» adds Yun.
Not exact matches
ANNAPOLIS, Md. — The seniors housing occupancy rate
remained essentially flat during the first quarter
of 2013, while the
pace of annual rent growth accelerated slightly and overall
construction activity rose, according to NIC MAP ®, a data and analysis service
of the National Investment Center for the Seniors Housing & Care Industry (NIC).
Still, the overall trend
remains decidedly positive for new multifamily
construction activity as the level
of spending is 52 % ahead
of the
pace in February 2012 and has more than doubled the August 2010 low point.
As a result, the
pace of hiring for the sector in 2012
remains lackluster, especially given the recent pickup
of construction activity.