Latest posts by Randolph Taylor (see all)
- Marcus & Millichap Moved $9B Across the U.S in 2018 - May 9, 2019
- Waukegan apartments sell for $42 million - May 2, 2019
- Marcus & Millichap Arranges Sale of a 24-Unit Apartment property in Aurora, IL - April 29, 2019
Multifamily developers don’t know what to expect when it comes to budgeting for materials prices.
Apartment developers continue to be stressed by the unpredictable cost of construction materials.
Overall, materials prices keep rising faster than inflation. But what’s worse is that prices for individual construction materials are unpredictable from month to month. The price of lumber and diesel fuel has fallen sharply, for now. But new policies from the U.S. government continue to jolt the markets, from possible sanctions on oil-producing countries like Venezuela to government tariffs on imported steel. Continue reading “Volatility in Construction Materials Pricing Is Putting Strain on Multifamily Developers”