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  • Writer's pictureJacob Rozenberg

March 2024 Multifamily Construction Survey Trends

In a National Multifamily Housing Council, which was conducted from March 5-19, 2024 has published its results from 48 responses from leading multifamily construction and development firms.

  • 81% of respondents reported construction delays over the last three months, down from 90% in June

  • 74% claimed economic feasibility as a cause for delays in construction starts, up from 71% for last quarter

  • 68% claimed availability of construction loans as the driving factor (down from 79% last quarter), while 62% cited economic uncertainty

Source: NMHC

Construction Loan Multifamily Mortgage Bridge Land Groundup Interest Rates
Apartment Construction Delays

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