Washington, D.C., April 3, 2020 – More than half of respondents (55%) to a new survey on multifamily construction by the National Multifamily Housing Council (NMHC) said that they were experiencing construction delays in the jurisdictions where they operate.
The NMHC Construction Survey is intended to gauge the magnitude of the disruption caused by the COVID-19 outbreak on multifamily construction. The survey, which had 135 respondents, also determined that:
- Of the 55% experiencing delays, 76% were dealing with delays in permitting and 59% in starts
- About a quarter (24%) of respondents said a lack of materials was affecting their construction operations
- 41% of respondents said that COVID-19 outbreak-related labor constraints were affecting construction operations
The NMHC found that the majority of the 135 multifamily contractors surveyed had experienced delays with apartment or condominium projects due to the COVID-19 pandemic.
More than three-fifths (62%) of respondents said they had been delayed due to construction moritoriums.
MULTIFAMILY CONTRACTORS TRYING NEW STRATEGIES TO COPE WITH COVID-19 IMPACT
The NMHC Construction Survey also found that nearly three-fourths (73%) of construction firm respondents said that they have implemented new strategies to deal with the hurdles caused by the pandemic. These 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%).
The NMHC survey found that multifamily contractors had adopted many new strategies for coping with delays in work due to the coronavirus pandemic. Note: Respondents could check multiple items for this question.
NMHC will conduct this survey on a bi-weekly basis to provide an estimation of the impact of COVID-19 on multifamily construction. Additional NMHC-produced resources focused on the COVID-19 outbreak can be found here.
ABOUT THE NATIONAL MULTIFAMILY HOUSING COUNCIL
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) brings together the prominent apartment owners, managers, and developers in the trillion-dollar apartment industry who provide apartment homes for 40 million Americans. For more information: 202/974-2300, e-mail the Council at info@nmhc.org, or visit NMHC's website: https://www.nmhc.org/.
Related Stories
Sponsored | | Feb 28, 2018
Quality Products Needed To Meet Green Building Standards Today
Sustainable healthcare facilities will need energy-efficient building enclosures from the outset.
Sponsored | | Feb 15, 2018
Fact vs. fiction: Hotel waterproofing in coastal zones
Sign up for our free March 6 webinar on “A Project Peer Review: The Single Most Important Factor in Reducing the Risk of a Mold and Moisture Lawsuit in Your Next Project”.
Building Materials | Dec 19, 2017
‘Ultra Violet’ is Pantone’s Color of the Year 2018
The color represents a symbol of counterculture, unconventionality, and artistic brilliance, according to Pantone.
Sponsored | Building Materials | Aug 24, 2017
Controlling condensation
No matter what structural material you build with, be it steel, concrete, or wood, water is the enemy.
Sponsored | Building Materials | Aug 17, 2017
Teflon’s little brother is breathing new life into big design
Lighter than glass and 100% recyclable, one material takes center stage in the future of building.
Concrete | Jul 7, 2017
The secrets held within Ancient Roman concrete could improve future building practices
Not only has the concrete stood the test of time, but it has actually become stronger.
