Multifamily Deliveries Slow as Worker Scarcity Increases Construction Times
Multi-Housing News, Nov. 30, 2017–Paul Fiorilla
With more than 550,000 units under construction, U.S. multifamily deliveries were expected to reach a cycle peak in 2017. However, through three quarters new supply is running only slightly ahead of last year’s 281,000 deliveries, and construction times from start to finish are taking much longer than historical norms.
