The problems that roiled supply chains a year ago have eased, but not entirely disappeared. Developers still struggle with sourcing materials in a timely and cost-effective manner, so they are well advised to pay attention to the continuing changes underway for construction supply chains. Following are several experts' observations about what is happening now and how it could affect development.
Apartment Rehabs to Overtake Ground-Up Construction
Justin Wood, senior project manager at Motus Construction, the construction arm of Pangea Properties, tells GlobeSt.com that he thinks over the next 12 to 24 months, tighter financing, rising material costs and other economic challenges will lead to more apartment rehabs as ground-up developments wane.
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