The share of apartment developers reporting construction delays has remained essentially the same in the National Multifamily Housing Council’s second Construction Survey on April 14, rising to 56%, up from 55% in the April 3 report.
Of the number citing construction delays, 70% reported experiencing delays in new construction starts—up 11 percentage points from the end of March. Seventy-seven percent reported issues associated with permitting, compared with 76% in the last survey. Just over a quarter, 28%, reported a lack of materials is delaying their operations, while 44% cited outbreak-related labor constraints as an issue.
Three-quarters of all respondents reported that they are implementing new policies in response to challenges posed by the virus, up from 73% in the last survey. Many have indicated they are implementing more than one new approach to their operations.
The NMHC intends to conduct this survey on an ongoing basis, in order to estimate the impact of COVID-19 over time. Click here to view the full survey results.
