Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Nearly 75% of multifamily builders experienced construction delays from February to March, owing mostly to issues with permitting, entitlement, and professional services, according to recent data from the National Multifamily Housing Council. 

Around 77% of construction firms surveyed reported permitting delays during the period, a decrease from 90% in the previous survey, and 75% experienced delays in starts. After permitting entitlement and professional services issues, economic uncertainty accounted for the most frequently-cited cause of delays at 37% (down from 58% in the previous round). Thirty percent of respondents said delays were the result of starts not being economically feasible at this time, and 21% cited availability of construction financing as a primary driver. A mere 14% cited health and safety concerns.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.