03
Jun
19:08
New US construction down throughout 2020
Construction delays caused by the Covid-19 pandemic have reduced growth across the sector, according to an analysis by Moody's Analytics.
Prior to the outbreak of Covid-19, Moody’s Analytics expected over 300,000 units to be built for the multi-family market in 2020. However, construction delays have reduced the 2020 figure for supply growth by -21%, to just slightly under 246,000 units, Kallanish reports.
The top five metropolitan areas with reductions…
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