Multifamily conditions show positive signs despite headwinds in housing creation â NHMC
Lumber prices also dropped by 5%, while costs for exterior finishes (+4%), electrical components (+9%), appliances (+7%), and insulation (+3%) continued to rise. Despite the positive trend, project infeasibility, economic uncertainty, and construction financing availability remain significant factors in construction delays. “Supply chain constraints, still high labor and material costs, and complex and expensive regulatory … [Read more…]