This report was put together by Mega Supply Pro Procurement Experts, and is intended to provide insight into the near future of the multi-housing/multi-family construction sector trends, primarily focusing on the East Coast. Methodology: we’ve designed and conducted our own surveys, collected statistics, analyzed internal and third party reports and articles regarding the recoverability of the Covid-19 pandemic, and its effects on the real estate and development markets.

These are the current trends that have been the focus of most development research. The hardest questions to answer are how much and for how long. We hope to offer you a little bit of insight with our following update based on surveys and results from our year over year study. We have attempted to maintain our focus on multi-housing development, but also to analyze the overall impact that has been sustained in other industrial segments.

In a recent survey, National Multifamily Housing Council found that from lumber and steel to electrical fixtures and plumbing, the supply chain in the US is nowhere near its pre-covid operation levels. Restrictions that are still in place for other industry sectors, such as permitting, zoning, professional services, international trade and logistics, are inhibiting the supply of materials, even though many of the developers are ready to continue working. Many, but not all, that is: the same study found that about half of real estate developers had to pause or delay work on their projects due to pandemic-related economic uncertainty, as well as access to financing for their construction projects.