New biweekly NMHC survey gauges the impact on multifamily construction firms.
The National Multifamily Housing Council (NMHC) is gauging the magnitude of disruption that the novel coronavirus pandemic is having on multifamily construction with its newly released survey. More than half, or 55%, of the NMHC Construction Survey respondents have reported experiencing construction delays in the jurisdictions where they operate.
Of those experiencing construction delays, 76% of construction firms also reported that they are facing delays in permitting, and 59% said they are seeing delays in starts. In addition, 62% of respondents said they are experiencing construction delays related to a local or state moratorium, with 82% reporting that their moratoriums include multifamily construction projects.
Outbreak-related labor constraints are affecting operations for 41% of respondents, while 24% reported a lack of materials having an impact, according to the survey.