Watch: The rising cost of apartment building: it’s more than the labor shortage

Starts in apartment building are anticipated to drop 10% this year, though the cause of the stall isn’t just the ongoing labor shortage. Price increases are being attributed to regulatory challenges as well as the increasing complexity of constructing new apartment buildings. The price of materials is also beginning to climb, with soft lumber leaping 15% and OSB soaring 30% in the past year. Though amenities are driving competition, analysts suggest streamlining and simplifying to keep costs manageable. Is reducing amenities and increasing standardization worth cutting costs?

Latest

Airline Investors See a Post-Pandemic Rebound in Low-Cost Travel
April 14, 2021
(Bloomberg) -- New money is flowing to low-cost airlines in the U.S. as they take on giant carriers racing to recover from the unprecedented collapse in travel during the pandemic. Two established carriers that Read more
Cross-Sections: A New Industrialized Construction Podcast
April 14, 2021
  Cross-Sections brings to you bite-size conversations with host Anthony Gude, as he chats with colleagues and leaders in the construction and industrial ecosystem. Gude spoke with John Pugh Read more
What Regulations Will Get Drones Ready to Deliver to Your Front Door?
April 14, 2021
Both pilots and companies are navigating a thin line between security and innovation. Host Grant Guillot talks with leaders, influencers, and experts across the drone industry to guide us through the complex web of Read more