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Multifamily Developers Experiencing Construction Delays Spiked to 90% in Q2

This is a reversal of a recent downward trend, including 79% in Q1.

By Richard Berger | July 06, 2023 at 04:03 PM

Persistent construction and permitting delays along with additional project requirements being imposed by local governments have put a damper on apartment development, according to the National Multifamily Housing Council’s quarterly construction survey of members in June. The survey also showed that 17% of respondents reported construction labor to be less available than three months ago, up from 10% in March.

The results mostly are ​a continuation of what has plagued developers in the past year but with varying degrees.

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