Just that one example that you mentioned we've seen add up to six months on top of an already three- to eight-year schedule. Depending on when that six months happens, it might mean that we miss a construction season, which is a full year. In terms of cost, I'm going to say on a typical 40-unit development it might be $100,000 to $250,000, which is a third of a unit. When you start multiplying that over the number of units that we're trying to build, it does mean less supply being built.
On September 17th, 2024. See this statement in context.