More than half, or 53%, of respondents in the third edition of the National Multifamily Housing Council COVID-19 Construction Survey report they experienced permitting and start delays, with 85% of those seeing permitting-specific delays directly due to COVID-19.
Survey respondents also saw a significant increase in paused starts, with 78% reporting delays, up 8 percentage points from the second survey covering April 9 through April 14 and 19 percentage points higher than the initial survey, conducted between March 27 and April 1.
There were some bright spots in the results. Of the 53% of respondents who reported delays, only 37% said that the delays was the manifestation of a construction moratorium, down from 62% during the first survey period.
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Patrick Smith
Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, M&A and corporate work, leadership and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd
