FEATURE STORY

Multifamily Developers Vexed By Increasing Material Costs And Construction Delays, NMHC Finds

Via Bisnow.com – Fully three-quarters of multifamily developers are experiencing construction delays, according to a new survey by the National Multifamily Housing Council, which collected 76 responses from leading U.S. multifamily specialists from Feb. 10 to March 5. Among that 75%, a bit more than three-quarters (77%) reported delays in permitting due to the coronavirus, down from 90% in a previous NMHC survey on the same subject from Oct. 6 to Oct. 27 but comparable to surveys early in the pandemic...read more

Categories: FEATURE STORY, INVESTORS