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In spite of a sluggish economy, weak job growth and a slightly improving for-sale home market, the prevailing positive trends that have fueled the multi-housing sector's impressive growth over the past 18 months will continue well into 2013 and beyond.

Annual apartment rent growth continues to run at impressive rates and industry leaders note that developers are now scrambling to bring new product on line. In fact, most believe that a construction wave is on the horizon to meet strong demand in major coastal markets, although this impending spike will mirror normal construction activity that took place prior to the 2007 recession.

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