Construction Costs Rise for Multifamily Sector

August 16, 2013

As demand increases for multifamily construction, so do the prices of construction materials, according to Investor’s Business Daily.

Companies that downsized during the recession are now struggling to keep up with demand because of rising labor and materials prices, according to the article.

Developers can offset rising construction costs by factoring in higher rents as demand for rental properties increases.

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