SAN DIEGO—A record 83% of multifamily developer respondents reported construction delays in the jurisdictions where they operate, according to the seventh edition of the National Multifamily Housing Council (NMHC) COVID-19 Construction Survey. NMHC released the survey during its annual conference here in San Diego, where housing stability and rental assistance were also topics of discussion as GlobeSt.com previously reported.
Of this group, 80% reported experiencing delays in permitting, up slightly from the 77% in round six and comparable to the results seen in the earlier rounds. Survey respondents reporting construction delays also indicated a significant pause in starts, with a similar 80% still reporting delayed starts over one year into the pandemic.
The main reasons cited for delays in starts were permitting, entitlement, and professional services (70%); projects not being economically feasible at this time (56%); and economic uncertainty (27%). The percentage of responses attributing delays to projects not being economically feasible at this time increased from 30% in round six to 56% this round.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
