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Almost All Multifamily Developers Now Experiencing Construction Delays

NMHC survey shows that permitting, start delays, access to financing, and rising materials and labor costs key factors.

By Paul Bergeron | September 30, 2022 at 08:17 AM

A remarkable 90% of survey respondents reported construction delays, according to National Multifamily Housing Council’s monthly construction survey released Sept. 29, with permitting and start delays being the main culprits.

A lack of availability in construction financing is also a rising concern —with 31% citing that challenge, compared to 7% who said so in March and 15% in June.

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