Sentences with phrase «years of construction growth»

Despite seven years of construction growth, Herbert says the U.S. has still added less new housing over the last decade than in any other 10 - year period going back to at least the 1970s.

Not exact matches

Though residential construction only accounts for a small share of GDP, housing has a broader reach in the economy, which should help to sustain growth this year.

Indeed, the strong growth of investor housing loans has driven the growth in household debt (as a share of disposable incomes) over recent years and contributed to a rise in both housing prices and dwelling construction.

Ever since the Australian government had confirmed the construction of an airport, land prices have been expected to soar, and data from Juwai.com — the largest international property website in China — has revealed that Chinese buyer interest in the «priority growth area» surrounding the airport surged an incredible 1500 percent last year.

«We are predicting increased sales over the next couple of years as the housing market continues a steady pace of growth, and of course we still have [a] strong oil industry here and construction is picking up,» he said.

The plan designated it as a significant growth area, but the municipality is at least six years behind with construction of a new sewage plant needed for the town's population to grow from 30,000 to 86,000 by 2031.

This was a result of several factors: solid business investment in the second half of the year, some further growth in housing construction, and particularly strong growth in household spending during this period.

The growth of the sport is curbed nationwide by strict regulation on the construction of new facilities, current president Xi Jinping has told members of his ruling Communist Party not to play the game, and the government closed 111 courses just last year alone.

The data is unambiguous on current economic conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.

Commenting on these forecasts, Michael Ankers, the Chief Executive of the Construction Products Association, said: «It seems inevitable that construction output fell in the first three months of this year and this will have had a significant impact on the rate of GDP growth aConstruction Products Association, said: «It seems inevitable that construction output fell in the first three months of this year and this will have had a significant impact on the rate of GDP growth aconstruction output fell in the first three months of this year and this will have had a significant impact on the rate of GDP growth at this time.

It follows tentative growth of 0.3 % in the first three months of the year, when a better - than - expected performance by the construction sector helped avoid a slip back into recession.

Nevertheless, last year we built only half of the number of homes we need, and the downward revision in economic growth only reinforces the need for these measures to boost construction and the economy.»

Construction output was at its lowest in 12 years in the first quarter; however, information from within the industry suggests that the first estimate of 0.9 per cent growth will be revised upwards in the ONS's second and third estimates.

The report — intended to show the state's economic growth — included a prominent, eight - year - old photo of seven construction cranes in South Africa.

The nuclear industry, which until a few years ago anticipated a «renaissance» of new construction, has found its growth checked by the aftershocks of Japan's Fukushima Daiichi disaster.

After leading her division to 64 % year - over-year growth in 2016, Nancy D. Allen will take the reins as Senior Vice President of Sales for VectorSolutions» RedVector brand Tampa — February 6, 2016 — Vector Solutions, the leader in eLearning and performance support solutions for the architecture, engineering, construction (AEC), industrial, public safety and IT infrastructure / security -LSB-...]

The lending news could disappoint economists looking for a pickup in housing construction and new - home sales this year that could drive growth as other segments of the economy are showing signs of rebounding after a winter lull.

In the wake of a small number of homes for sale and small dwindling number of new properties under construction, TREB is forecasting another year of double digit price growth in the city.

In a top tourist and retiree destination like Ambergris Caye, new buildings going up indicate growing interest in the region. It is easy to recognize the attraction of the island, and construction on Ambergris Caye is trying to keep up with the rapid growth of the tourism industry there, which saw record numbers across the board last year.

12/21/2017 BW Makes Debut in Central Delhi by Opening Two Properties Best Western Plus Central and Best Western Pearl 12/18/2017 BW Named «Best Debut Hotel Chain» at 2017 India Hospitality Awards 12/11/2017 BW Outlines Vision For The Future At 11th Asian Members» Meeting 12/07/2017 BW Announces Jim Cosgrove as New Board Chairman 12/05/2017 BW Offers Holiday Bonus To Rewards Members 12/01/2017 BW Receives Gold Recommend Readers» Choice Award For Best Value 11/30/2017 BW's Ron Pohl Wins Silver In Best In Biz Awards 2017 11/28 / 2017 BW's Expansion Accelerates All Across Asia 11/09/2017 BW Lowers Free Nights To Only 10,000 Points This Fall And Winter 11/09/2017 BW Cites Increased Guest Satisfaction Scores From Mobile Guest Engagement Tool Pilot; Launches Across Full System 11/09/2017 BW Unveils Experiences By Best Western Rewards 11/09/2017 BW Introduces New Lines of Exclusive Bath Amenities 11/02/2017 BW Named AAA ® / CAA ® Lodging Partner For Ninth Consecutive Year 10/31/2017 BW SureStay Hotel Group ® Eclipses 33 Properties Worldwide One Year After Launch 10/30/2017 BW Launches third soft brand, BW signature collectionSM by Best Western 10/26/2017 BW Breaks Ground on Dual - Branded Property in Austin, Texas 10/25/2017 BW Named Asia's Best Mid-Range Hotel Chain Three Years in a Row 10/24/2017 BW Announces Arrival of BW Premier Collection ® in Mississippi 10/19/2017 BW Scores Top Ranked Breakfast by J.D. Power 10/09/2017 BW Issues Loyalty Program «Throwdown» To Competing Hotel Brands 09/29/2017 BW Named Asia's Best Mid-Range Hotel Brand For Eleventh Time 09/18/2017 BW Invites Travelers To Fall Into Double Rewards Points 09/15/2017 BW Introduces Three New Hotels In Georgia 09/05/2017 BW Ranked Number One In Business Travel News» 2017 Hotel Brand Survey 08/24/2017 BW Signs Stunning Seafront Resort On Phu Quoc Island 08/21/2017 BW Announces New BW Premier Hotel In Heart Of The Southwest 08/10/2017 BW Adds Best Western Premier Detroit Southfield Hotel To Growing Portfolio 08/08/2017 BW Loyalty Program Receives Top Ranking From U.S. News & World Report ® 07/27/2017 BW Celebrates Groundbreaking of First GLō Property in Texas 07/17/2017 BW is Bringing BW Baggage Bucks Back 06/29/2017 Stratosphere and Aquarius Hotels Join BW 06/21/2017 BW Achieves Record - Breaking Level of Guest Satisfaction 06/15/2017 BW Hotels & Resorts Debuts in Bali's Cultural Heart 06/14/2017 Illinois Beach Resort Joins BW Soft Brand 06/01/2017 Best Western Premier Brand Continues Growth in North America 05/25/2017 Litchfield Inn Joins BW Premier Collection 05/22/2017 2017 Best Western Rewards ® Summer Promotion 05/18/2017 Co-Branded Loyalty Program Study — Best Western 05/15/2017 BW Opens Upscale Hotel in Malaysia 05/04/2017 Dorothy Dowling 2017 Silver Stevie ® Award Winner 04/26/2017 BW Introduces BW Baggage Bucks 04/24/2017 BW Debuts First New - Construction Dual - Branded Property 04/24/2017 BW Unveils Cutting - Edge Upscale Hotel in Batam 04/05/2017 BW Unveils New Upscale Collection in Japan 04/03/2017 BW Partners with HotelPlanner to Launch BWGroups ℠ RFP Tool 03/28/2017 Best Western Premier NYC Gateway Opens in North Bergen, New Jersey 03/15/2017 BW Premier Collection Arrives in Asia 03/06/2017 BW Targets Quality Growth Across Asia 03/06/2017 BW Premier Collection Eclipses 75 Hotels Worldwide 03/06/2017 BW Touts Substantial International Growth 02/21/2017 BW Adds Blake Hotel New Orleans to the BW Premier Collection 02/13/2017 BW Springs into the Season with New Rewards 02/01/2017 BW Makes Waves with First Hotel at Inle Lake 01/23/2017 BW Further Enhances Award Winning Loyalty Program 01/23/2017 BW's «White Label» Franchise to Surge in 2017 01/19 / 2017 BW Announces First Vīb Hotel to Open in Turkey 01/16/2017 BW Ranked # 2 in 2016 Best Hotel Rewards Stuof Exclusive Bath Amenities 11/02/2017 BW Named AAA ® / CAA ® Lodging Partner For Ninth Consecutive Year 10/31/2017 BW SureStay Hotel Group ® Eclipses 33 Properties Worldwide One Year After Launch 10/30/2017 BW Launches third soft brand, BW signature collectionSM by Best Western 10/26/2017 BW Breaks Ground on Dual - Branded Property in Austin, Texas 10/25/2017 BW Named Asia's Best Mid-Range Hotel Chain Three Years in a Row 10/24/2017 BW Announces Arrival of BW Premier Collection ® in Mississippi 10/19/2017 BW Scores Top Ranked Breakfast by J.D. Power 10/09/2017 BW Issues Loyalty Program «Throwdown» To Competing Hotel Brands 09/29/2017 BW Named Asia's Best Mid-Range Hotel Brand For Eleventh Time 09/18/2017 BW Invites Travelers To Fall Into Double Rewards Points 09/15/2017 BW Introduces Three New Hotels In Georgia 09/05/2017 BW Ranked Number One In Business Travel News» 2017 Hotel Brand Survey 08/24/2017 BW Signs Stunning Seafront Resort On Phu Quoc Island 08/21/2017 BW Announces New BW Premier Hotel In Heart Of The Southwest 08/10/2017 BW Adds Best Western Premier Detroit Southfield Hotel To Growing Portfolio 08/08/2017 BW Loyalty Program Receives Top Ranking From U.S. News & World Report ® 07/27/2017 BW Celebrates Groundbreaking of First GLō Property in Texas 07/17/2017 BW is Bringing BW Baggage Bucks Back 06/29/2017 Stratosphere and Aquarius Hotels Join BW 06/21/2017 BW Achieves Record - Breaking Level of Guest Satisfaction 06/15/2017 BW Hotels & Resorts Debuts in Bali's Cultural Heart 06/14/2017 Illinois Beach Resort Joins BW Soft Brand 06/01/2017 Best Western Premier Brand Continues Growth in North America 05/25/2017 Litchfield Inn Joins BW Premier Collection 05/22/2017 2017 Best Western Rewards ® Summer Promotion 05/18/2017 Co-Branded Loyalty Program Study — Best Western 05/15/2017 BW Opens Upscale Hotel in Malaysia 05/04/2017 Dorothy Dowling 2017 Silver Stevie ® Award Winner 04/26/2017 BW Introduces BW Baggage Bucks 04/24/2017 BW Debuts First New - Construction Dual - Branded Property 04/24/2017 BW Unveils Cutting - Edge Upscale Hotel in Batam 04/05/2017 BW Unveils New Upscale Collection in Japan 04/03/2017 BW Partners with HotelPlanner to Launch BWGroups ℠ RFP Tool 03/28/2017 Best Western Premier NYC Gateway Opens in North Bergen, New Jersey 03/15/2017 BW Premier Collection Arrives in Asia 03/06/2017 BW Targets Quality Growth Across Asia 03/06/2017 BW Premier Collection Eclipses 75 Hotels Worldwide 03/06/2017 BW Touts Substantial International Growth 02/21/2017 BW Adds Blake Hotel New Orleans to the BW Premier Collection 02/13/2017 BW Springs into the Season with New Rewards 02/01/2017 BW Makes Waves with First Hotel at Inle Lake 01/23/2017 BW Further Enhances Award Winning Loyalty Program 01/23/2017 BW's «White Label» Franchise to Surge in 2017 01/19 / 2017 BW Announces First Vīb Hotel to Open in Turkey 01/16/2017 BW Ranked # 2 in 2016 Best Hotel Rewards Stuof BW Premier Collection ® in Mississippi 10/19/2017 BW Scores Top Ranked Breakfast by J.D. Power 10/09/2017 BW Issues Loyalty Program «Throwdown» To Competing Hotel Brands 09/29/2017 BW Named Asia's Best Mid-Range Hotel Brand For Eleventh Time 09/18/2017 BW Invites Travelers To Fall Into Double Rewards Points 09/15/2017 BW Introduces Three New Hotels In Georgia 09/05/2017 BW Ranked Number One In Business Travel News» 2017 Hotel Brand Survey 08/24/2017 BW Signs Stunning Seafront Resort On Phu Quoc Island 08/21/2017 BW Announces New BW Premier Hotel In Heart Of The Southwest 08/10/2017 BW Adds Best Western Premier Detroit Southfield Hotel To Growing Portfolio 08/08/2017 BW Loyalty Program Receives Top Ranking From U.S. News & World Report ® 07/27/2017 BW Celebrates Groundbreaking of First GLō Property in Texas 07/17/2017 BW is Bringing BW Baggage Bucks Back 06/29/2017 Stratosphere and Aquarius Hotels Join BW 06/21/2017 BW Achieves Record - Breaking Level of Guest Satisfaction 06/15/2017 BW Hotels & Resorts Debuts in Bali's Cultural Heart 06/14/2017 Illinois Beach Resort Joins BW Soft Brand 06/01/2017 Best Western Premier Brand Continues Growth in North America 05/25/2017 Litchfield Inn Joins BW Premier Collection 05/22/2017 2017 Best Western Rewards ® Summer Promotion 05/18/2017 Co-Branded Loyalty Program Study — Best Western 05/15/2017 BW Opens Upscale Hotel in Malaysia 05/04/2017 Dorothy Dowling 2017 Silver Stevie ® Award Winner 04/26/2017 BW Introduces BW Baggage Bucks 04/24/2017 BW Debuts First New - Construction Dual - Branded Property 04/24/2017 BW Unveils Cutting - Edge Upscale Hotel in Batam 04/05/2017 BW Unveils New Upscale Collection in Japan 04/03/2017 BW Partners with HotelPlanner to Launch BWGroups ℠ RFP Tool 03/28/2017 Best Western Premier NYC Gateway Opens in North Bergen, New Jersey 03/15/2017 BW Premier Collection Arrives in Asia 03/06/2017 BW Targets Quality Growth Across Asia 03/06/2017 BW Premier Collection Eclipses 75 Hotels Worldwide 03/06/2017 BW Touts Substantial International Growth 02/21/2017 BW Adds Blake Hotel New Orleans to the BW Premier Collection 02/13/2017 BW Springs into the Season with New Rewards 02/01/2017 BW Makes Waves with First Hotel at Inle Lake 01/23/2017 BW Further Enhances Award Winning Loyalty Program 01/23/2017 BW's «White Label» Franchise to Surge in 2017 01/19 / 2017 BW Announces First Vīb Hotel to Open in Turkey 01/16/2017 BW Ranked # 2 in 2016 Best Hotel Rewards StuOf The Southwest 08/10/2017 BW Adds Best Western Premier Detroit Southfield Hotel To Growing Portfolio 08/08/2017 BW Loyalty Program Receives Top Ranking From U.S. News & World Report ® 07/27/2017 BW Celebrates Groundbreaking of First GLō Property in Texas 07/17/2017 BW is Bringing BW Baggage Bucks Back 06/29/2017 Stratosphere and Aquarius Hotels Join BW 06/21/2017 BW Achieves Record - Breaking Level of Guest Satisfaction 06/15/2017 BW Hotels & Resorts Debuts in Bali's Cultural Heart 06/14/2017 Illinois Beach Resort Joins BW Soft Brand 06/01/2017 Best Western Premier Brand Continues Growth in North America 05/25/2017 Litchfield Inn Joins BW Premier Collection 05/22/2017 2017 Best Western Rewards ® Summer Promotion 05/18/2017 Co-Branded Loyalty Program Study — Best Western 05/15/2017 BW Opens Upscale Hotel in Malaysia 05/04/2017 Dorothy Dowling 2017 Silver Stevie ® Award Winner 04/26/2017 BW Introduces BW Baggage Bucks 04/24/2017 BW Debuts First New - Construction Dual - Branded Property 04/24/2017 BW Unveils Cutting - Edge Upscale Hotel in Batam 04/05/2017 BW Unveils New Upscale Collection in Japan 04/03/2017 BW Partners with HotelPlanner to Launch BWGroups ℠ RFP Tool 03/28/2017 Best Western Premier NYC Gateway Opens in North Bergen, New Jersey 03/15/2017 BW Premier Collection Arrives in Asia 03/06/2017 BW Targets Quality Growth Across Asia 03/06/2017 BW Premier Collection Eclipses 75 Hotels Worldwide 03/06/2017 BW Touts Substantial International Growth 02/21/2017 BW Adds Blake Hotel New Orleans to the BW Premier Collection 02/13/2017 BW Springs into the Season with New Rewards 02/01/2017 BW Makes Waves with First Hotel at Inle Lake 01/23/2017 BW Further Enhances Award Winning Loyalty Program 01/23/2017 BW's «White Label» Franchise to Surge in 2017 01/19 / 2017 BW Announces First Vīb Hotel to Open in Turkey 01/16/2017 BW Ranked # 2 in 2016 Best Hotel Rewards Stuof First GLō Property in Texas 07/17/2017 BW is Bringing BW Baggage Bucks Back 06/29/2017 Stratosphere and Aquarius Hotels Join BW 06/21/2017 BW Achieves Record - Breaking Level of Guest Satisfaction 06/15/2017 BW Hotels & Resorts Debuts in Bali's Cultural Heart 06/14/2017 Illinois Beach Resort Joins BW Soft Brand 06/01/2017 Best Western Premier Brand Continues Growth in North America 05/25/2017 Litchfield Inn Joins BW Premier Collection 05/22/2017 2017 Best Western Rewards ® Summer Promotion 05/18/2017 Co-Branded Loyalty Program Study — Best Western 05/15/2017 BW Opens Upscale Hotel in Malaysia 05/04/2017 Dorothy Dowling 2017 Silver Stevie ® Award Winner 04/26/2017 BW Introduces BW Baggage Bucks 04/24/2017 BW Debuts First New - Construction Dual - Branded Property 04/24/2017 BW Unveils Cutting - Edge Upscale Hotel in Batam 04/05/2017 BW Unveils New Upscale Collection in Japan 04/03/2017 BW Partners with HotelPlanner to Launch BWGroups ℠ RFP Tool 03/28/2017 Best Western Premier NYC Gateway Opens in North Bergen, New Jersey 03/15/2017 BW Premier Collection Arrives in Asia 03/06/2017 BW Targets Quality Growth Across Asia 03/06/2017 BW Premier Collection Eclipses 75 Hotels Worldwide 03/06/2017 BW Touts Substantial International Growth 02/21/2017 BW Adds Blake Hotel New Orleans to the BW Premier Collection 02/13/2017 BW Springs into the Season with New Rewards 02/01/2017 BW Makes Waves with First Hotel at Inle Lake 01/23/2017 BW Further Enhances Award Winning Loyalty Program 01/23/2017 BW's «White Label» Franchise to Surge in 2017 01/19 / 2017 BW Announces First Vīb Hotel to Open in Turkey 01/16/2017 BW Ranked # 2 in 2016 Best Hotel Rewards Stuof Guest Satisfaction 06/15/2017 BW Hotels & Resorts Debuts in Bali's Cultural Heart 06/14/2017 Illinois Beach Resort Joins BW Soft Brand 06/01/2017 Best Western Premier Brand Continues Growth in North America 05/25/2017 Litchfield Inn Joins BW Premier Collection 05/22/2017 2017 Best Western Rewards ® Summer Promotion 05/18/2017 Co-Branded Loyalty Program Study — Best Western 05/15/2017 BW Opens Upscale Hotel in Malaysia 05/04/2017 Dorothy Dowling 2017 Silver Stevie ® Award Winner 04/26/2017 BW Introduces BW Baggage Bucks 04/24/2017 BW Debuts First New - Construction Dual - Branded Property 04/24/2017 BW Unveils Cutting - Edge Upscale Hotel in Batam 04/05/2017 BW Unveils New Upscale Collection in Japan 04/03/2017 BW Partners with HotelPlanner to Launch BWGroups ℠ RFP Tool 03/28/2017 Best Western Premier NYC Gateway Opens in North Bergen, New Jersey 03/15/2017 BW Premier Collection Arrives in Asia 03/06/2017 BW Targets Quality Growth Across Asia 03/06/2017 BW Premier Collection Eclipses 75 Hotels Worldwide 03/06/2017 BW Touts Substantial International Growth 02/21/2017 BW Adds Blake Hotel New Orleans to the BW Premier Collection 02/13/2017 BW Springs into the Season with New Rewards 02/01/2017 BW Makes Waves with First Hotel at Inle Lake 01/23/2017 BW Further Enhances Award Winning Loyalty Program 01/23/2017 BW's «White Label» Franchise to Surge in 2017 01/19 / 2017 BW Announces First Vīb Hotel to Open in Turkey 01/16/2017 BW Ranked # 2 in 2016 Best Hotel Rewards Study

With the constant growth of our communities and cities making construction more necessary, the use of cranes has become more common over the last ten years especially.

The latest annual legal benchmarking review from MHA, the UK - wide group of accountancy and business advisory firms, points to encouraging signs of growth for a second year, most notably through an upturn in the Property and Construction Sector.

The relaxation of the rules, for a fixed three year period, is designed to stimulate construction activity and economic growth.

The burglary cases have increased, cost of construction has increased exponentially but when glancing at the stats of people purchasing home insurance, we find an annual growth of just 7.5 % in the past 8 - 10 years.

In more modern years, the city has experienced growth since the construction of the Interstate 35 highway that links it to Kansas City.

«As economic growth continues, we expect to see further jobs resurgence in the construction sector, bolstered by demand for houses, commercial property and the roll - out of Government's capital spending programme announced last year», added McDonagh.

Heading into 2015, Hays found nearly three - quarters (72 %) of construction respondents anticipated business growth during the year however, one - third reported losses likely due to the general unsteady state of Canada's economy.

Construction professional possessing a strong entrepreneurial drive and desire in joining a Company's team to help in contributing to their growth and success, by offering over 30 years of valuable gained experience from the commercial / light industrial construction sector in both development and cConstruction professional possessing a strong entrepreneurial drive and desire in joining a Company's team to help in contributing to their growth and success, by offering over 30 years of valuable gained experience from the commercial / light industrial construction sector in both development and cconstruction sector in both development and constructionconstruction.

To obtain a management opportunity with an organization that allows utilization of the past 30 plus years of experience in the construction industry while offering the opportunity for continued growth through increased scopes of responsibility.

Dedicated construction Professional seeking to begin a mutually beneficial relationship with a company that can profit from my skills, knowledge and 30 years of experience while providing me with the opportunity for continued professional growth.

To work as part of a team or on my own to bring to the table years of skilled ability in the Roofing, Railroad, and Construction industry the opportunity for growth and management.

Cincinnati - based construction data firm ConstructConnect, formerly CMD Group, meanwhile tabulated year - over-year growth of 8.1 percent across all commercial property types.

«The issue now is pent - up demand and strong growth in the number of households, with buyer traffic 29 percent above a year ago, coinciding with several years of inadequate housing construction.

«Continued, moderate job growth, combined with low levels of new construction, suggests the office market has room to tighten further in the second half of the year,» he says.

«The quarter's inventory growth of more than 3,600 units represents the highest number of seniors housing units coming online during any quarter of the past six years — dating back to mid-2009, which was near the end of the sector's last construction cycle,» says Chuck Harry, NIC's managing director and director of research and analytics.

ANNAPOLIS, Md. — The seniors housing occupancy rate continued its recovery in the second quarter of 2012, while construction activity gained traction and year - over-year rent growth accelerated, according to NIC MAP, a data and analysis service of the National Investment Center for the Seniors Housing & Care Industry (NIC).

Experts estimate that rental growth will continue to drive construction for at least a couple of years, though those increases will be tamed a bit as more supply becomes available.

«Residential construction jobs kept steady pace, job growth in clobbered metros continued to be strong, and — best of all — the share of young adults at work reached a six - year high.»

According to American Institute of Architects, despite labor shortages and rising material costs that continue to impact the construction sector, construction spending for nonresidential buildings in the U.S. is projected to increase 4 % this year and continue at that pace of growth through 2019.

«Last year was the 11th year in a row of subpar GDP growth, but renewed corporate optimism leading to a focus on investment and a desperately needed boost in residential construction should pave the way for modest expansion this year of around 2.4 percent,» he said.

Following this year's surge in construction, occupancy has remained tight, indicating rapid absorption of new deliveries, while rent growth dropped to 2.6 percent as of October.

«Renewed corporate optimism leading to a focus on investment and a desperately needed boost in residential construction should pave the way for modest expansion this year of around 2.4 percent» in GDP growth, says Lawrence Yun, NAR's chief economist.

The multifamily construction sector registered its slowest rate of month - to - month growth in nearly a year, but November's 0.5 percent still marked the 14th month in a row spending activity has increased.

That marks the highest level of construction the company has ever recorded and represents a 9.0 percent increase year - over-year in new property, with the U.S. leading in growth and the largest amount of current projects, the firm's researchers said.

Despite positive improvements in the labor market in recent years, new home construction is currently insufficient in a majority of metro areas and is contributing to persistent housing shortages and unhealthy price growth in many markets, according to new research from the National Association of REALTORS ®.

«Last year was the 11th year in a row of subpar GDP growth, but renewed corporate optimism leading to a focus on investment and a desperately needed boost in residential construction should pave the way for modest expansion this year of around 2.4 percent,» says Lawrence Yun, NAR chief economist.

That far outpaces the rate of population and job growth, but follows about 20 years of slow apartment construction.

Higher levels of job creation, more economic growth and pent - up housing demand should also boost demand for home construction and remodeling during the year.

This year, he added, construction is focusing primarily on community centers - driven in part by grocery chains» aggressive growth strategies - as well as on a number of specialty and power centers.

The OCC continued to single out multifamily lending this year, saying that bank financial data from 2016 indicated growth in commercial real estate lending, «led by the multifamily housing sector and centered in the construction of luxury apartments primarily in the Northeastern and Western regions of the United States.»