Development of Subdivisions, Apartments, Offices, or Other Commercial Structures Can

question 3

Multiple Choice

Development of subdivisions, apartments, offices, or other commercial structures can have a lead time of two years or more. In general, the longer the construction lead time:

• A) the lower the construction cost
• B) the greater the supply of units
• C) the lower the market value
• D) the greater the amplitude of real estate cycles