After lagging considerably behind the rest of the country in economic recovery, the city of Jacksonville posted an employment gain of 1.0 percent in 2011—translating to the addition of 5,900 new jobs.
After lagging considerably behind the rest of the country in economic recovery, the city of Jacksonville posted an employment gain of 1.0 percent in 2011—translating to the addition of 5,900 new jobs.
Salt Lake City sported one of the lowest metropolitan unemployment rates in the nation at the beginning of 2012–at 6.5 percent, down from 6.9 percent in 2011.
An expansion in payrolls is likely to add an exclamation point to an already strengthening multifamily sector in Louisville, as employers such as UPS, General Electric and Ford plan to boost hiring in the metro throughout 2012.
As the next building cycle for the Portland area is still another year out, vacancy rates are expected to fall to historic lows across the metro.
The Miami-Dade area is set to see significant multifamily development in 2012, as the local economy expands and vacancies trend downward.
Posting a 5.5 percent unemployment rate, the lowest in the country, Oklahoma City is making tremendous strides in both single-family and multifamily housing.
After a three-year rut in employment growth, St. Louis saw the addition of 9,000 local jobs in 2011–with 14,000 more expected in 2012.
With foreclosures still high and employment expected to increase by 1.6 percent, Atlanta’s multifamily sector is poised for substantial improvement in 2012.
Multi-Housing News’ May 2012 Apartment Market Statistics section showed that apartment fundamentals continued to roar ahead.