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Slow hiring and few job separations in February led to the lowest construction labor turnover rate since 2000, according to Anirban Basu, chief economist at ABC.
Alongside the project, developers should allocate resources to the area’s surrounding infrastructure, such as roads or water systems.
New York City led other cities in converted residential units by a wide margin, followed by Washington, D.C., and Chicago, according to RentCafe.
Halo Vista, the 2,300-acre master-planned development north of Phoenix, will sit immediately adjacent to the Taiwan Semiconductor Manufacturing Company’s $65 billion campus.