Multifamily projects took 19.9 months on average to complete in 2023
Archinect
SEPTEMBER 30, 2024
months in 2023. The NAHB findings draw from the 2023 Survey of Construction (SOC) from the U.S. Projects of the same size took an average of 19 months to complete before the pandemic.) Census Bureau, which also notes that buildings of more than 20 units took a longer (22 months) time on average to complete.
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