Typically, the development of new multifamily housing needs plenty of lead time too. (realtormag.realtor.org)
The report gives voice to some anxiety about possible overbuilding, noting that long development periods in multifamily housing make it harder to determine the actual volume of new multifamily housing coming onto the market. (realtormag.realtor.org)
A study by NAHB economists shows that the increase in the cost of lumber since the beginning of 2017 has been enough to drive up the price of an average new single - family home by $ 6,388, and the market value of an average new multifamily housing unit by $ 2,430. (nahbnow.com)