The Hard Costs of Construction: Recent Trends in Labor and Materials Costs for Apartment Buildings in California

Published: 2020 | Hayley Raetz, Teddy Forscher, Elizabeth Kneebone, Carolina Reid | Terner Center

Abstract

Against the backdrop of a statewide housing crisis, affordable and marketrate developers have seen increasing development costs, which can hinder the feasibility of new projects and contribute to affordability constraints. The rising cost of building housing is fueled by multiple factors, including land, capital costs, regulations, materials, and labor.