Multifamily starts fell in September amid high construction costs
Construction Dive
AI SUMMARY
Multifamily housing starts declined in September as builders face mounting pressure from high financing costs, elevated fuel prices, and tariffs that are significantly raising construction expenses. These economic headwinds are making it more expensive to build, which is constraining new residential construction projects across the sector.
FROM THE ARTICLE
High financing costs, elevated fuel prices and tariffs are driving up homebuilding prices, according to experts.
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