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The rising cost of building materials will continue to slow development over the next year, resulting in what JLL analysts are calling a “rare period of favorable supply-side dynamics.” 

A new report on the multifamily sector from the global CRE firm notes that while new deliveries continue to tick up, challenging occupancy and rent growth in certain cities, a shortage of both skilled labor and materials is allowing markets to absorb supply at a more palatable rate. 

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