Labor shortages are crimping multifamily builders, Chris Bruen, director of Research at the National Multifamily Housing Council, said in a post late last week.
"In the latest round of NMHC's construction survey—which took place from May 17 to June 1, 2021—nearly half (47%) of respondents said they were impacted by the availability of labor," Bruen noted.
He pointed out that the shortages has been around and growing for years before the COVID-19 pandemic hit as multifamily construction ramped up to rates not seen in over three decades:
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