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Why We Can't Just Build Our Way Out of the Housing Crunch

Builders Are Pulling More Multifamily Permits but Delaying Construction as Supply Chain Issues Hold Back New Development
Shortages of construction materials stemming from supply chain issues and the shift to larger apartment projects that take more time to build have kept a lid on how fast new multifamily units are being added. (Getty Images)
Shortages of construction materials stemming from supply chain issues and the shift to larger apartment projects that take more time to build have kept a lid on how fast new multifamily units are being added. (Getty Images)
By Jay Lybik
CoStar Analytics
February 14, 2022 | 5:07 P.M.

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Last year, multifamily property developers pulled construction permits for 550,400 units for complexes containing five or more units, a 24% increase over the previous year and the highest number of permits pulled for new apartments in 35 years.

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News | Why We Can't Just Build Our Way Out of the Housing Crunch