Multifamily Housing Down But Not Out

Multifamily housing might be down currently, but it should stabilize by 2022 according to NAHB economists. (NAHB)

“Though the multifamily sector is performing much better than nonresidential construction, developers are facing stiff headwinds in 2021,” said NAHB Chief Economist Robert Dietz. “Shortages and delays in obtaining building materials, rising lumber and OSB prices, labor shortages and a more ominous regulatory climate will aggravate affordability woes and delay delivery times.”