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Slightly Longer Time to Build Apartments in 2021

By July 7, 2022Housing
The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.5 months, according to the 2021 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time in 2021 inched up from 2020, decelerating the upward trend since 2013.   The average time to build multifamily homes varies with the number of units in… Read More ›