He says the area still enjoys relatively strong job growth andhigh levels of immigration, which will continue to ''generaterobust demand for multi-family units.''

In addition, construction starts are slowing, which will allowtime for the abundant supply of units brought to the market to beabsorbed, he notes.

The report also states that while job growth is projected at2.2% this year, about half of what it experienced in recent years,that still translates into 30,000 new jobs.

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