potential job growth slowdown in 2017?

Higher housing costs might cause a job growth slowdown in 2017, according to Beacon Economics. “Beacon said the San Francisco area rental market ‘appears to be approaching the end of frenzied growth.’ The firm expects multifamily permitting activity will fall by 18 to 24 percent in 2017, as compared to 2016, as ‘demand for apartments in the region’s pricier submarkets continues to cool.’” In my opinion, a frenzied market is usually unhealthy, so this is an overly good thing. (SF Business Times, December 5, 2016)