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Multifamily Builders Face Delays from COVID-19: NMHC

Fifty-five percent of respondents to a National Multifamily Housing Council (NMHC) survey on multifamily construction said they’re experiencing delays due to COVID-19. Of those 55%, 76% are dealing with delays in permitting and 59% face delays in starting construction.

First of a series, the NMHC Construction Survey also found that about a quarter (24%) of respondents said a lack of materials is affecting their construction operations. Another 41% indicated that COVID-19 outbreak-related labor constraints are affecting construction operations.

The NMHC survey also found that 73% of construction firm respondents indicated that they have implemented new strategies to deal with the hurdles forming in the virus’s wake. These strategies include sourcing materials from alternative locations (43%), staggering shifts to reduce on-site exposure (52%), and using technology to replace in-person transactions like inspections and approvals (67%).

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).