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Labor shortages, high cost of building materials delay 56,000 apartments

DALLAS BUSINESS JOURNAL (October 3, 2017) – Labor shortages in the construction industry, coupled with the high cost of building materials, has delayed more than 56,000 apartments in the United States — including thousands of apartments in North Texas.

The sheer volume of apartments sliding from a 2017 completion to next year has to do with the number of apartments under construction in the United States, said Jay Denton, vice president of Axiometrics, which was recently acquired by Richardson-based RealPage Inc. (Nasdaq: RP).

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