📉 Lumber Prices Spiked This Year — and Volatility is Back Are You Ready for Next Year? Softwood lumber prices surged early last year before dropping through the summer. Even with prices lower today, the market remains unstable — and developers are still dealing with unpredictable swings. At the same time, imports from Canada fell 6.1%, tightening supply […]

Insurance premiums jumped again this year, and developers are feeling it. But the most significant savings still come from one move: choosing a lower-risk building system. Let’s Review Your Insurance Savings   Why Insurance Costs Are Spiking Most developers expect higher premiums in wildfire or hurricane-prone regions. But recent reports show something unexpected: The Midwest has […]

Building codes have evolved significantly and become more rigid in recent years. These regulations shape our building designs and shift professional decision-making. But are these codes making your project more expensive? Read on. Regulation accounts for a large portion of apartment development costs, nearly 41% of total expenses. The National Association of Home Builders and the […]

Construction costs are high, and developers want to do everything they can to both save costs and maximize land use. Going higher to increase density seems like a smart move! However, adding additional floors can add considerable costs if a building gets classified as a “high-rise” by code. Read on to find out more. So, what constitutes a […]

The data is coming in! Most materials prices have leveled off. Some are consistently falling. However, there are a few outliers. According to a report on material pricing and supply chain volatility, cement and concrete prices have continued to climb recently, reflecting higher production costs, which were up about 14% year-over-year in the third quarter […]

As a developer, many things come to mind when coordinating a project, from the construction type to who will manage the project. With the current labor shortage and delays in construction, other critical items need to be considered. One prominent question is who will be the General Contractor (GC) on my project? Developers and builders are always looking […]

The National Multifamily Housing Council noted that the apartment market had recorded its sixth consecutive quarter of tightening conditions. Labor shortages, rising interest rates, and supply chain issues are currently affecting construction timelines. How have these challenges impacted the timeline to complete your Multifamily Project?  Read on! A project built in 12 months in 2013 now […]

Demand for building materials remains robust while the world continues to push through the pandemic. However, the lasting effects of the pandemic and the associated mitigation efforts, have impacted the production of materials and equipment through factory slowdowns, factory shutdowns, and quarantines. As a result, equipment and material lead times and cost increases have impacted the […]

Building materials costs have soared in the past few months, and so have equipment prices! Due to shortages prompted by pandemic-related supply chain issues, increased global demand, labor disruptions, and extreme weather, we continue to see an increase in construction costs. Here’s an updated look at building materials prices. According to the latest Producer Price Index […]

Rapidly rising interest rates and increasing construction costs have decreased builder confidence. With construction costs at an all-time high, you may be thinking it’s not the right time to move forward with new development deals, but that may be a mistake! Great opportunities may lay ahead for developers who are ready. Read on to find out why. […]