He said the government would tackle the "insane bureaucracies" that were to blame for the dearth of new construction.
With the dearth of new construction in the last six years and more than a dozen companies reported to be looking to expand in Parsippany or move there, Mr. Frank says the local market is headed for a comeback.
This is harder than it sounds, although the dearth of new construction means you can probably get quality workmen at reasonable rates in most markets.
Add in a relative dearth of new construction of rental units due to high land costs, and the result is a surprisingly low number of what PPR calls "net completions"–i.e., the number of new units minus the number of units sold to converters.
The dearth of new construction and developments in New York City has left buyers clamoring for any and all desirable property.
At the heart of the problem is a dearth of council-house construction.
Until recently, most developers had been forced into a holding pattern because of the dearth of financing for construction.
This is yet another example of the muddled thinking that has contributed to the dearth of new housing construction in this city.
Talk of overcapacity is controversial given the dearth of power plant construction in the United States over the last decade and the near-crisis conditions that loomed in California and New York at the start of the summer.
But it is equally convinced that the expected large increases in passenger traffic and a dearth of new airport construction will require a superjumbo to carry more passengers between congested hubs.
