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

Question

Quizplus · Accepted Answer

The longer the construction lead time, the greater the amplitude of real estate cycles. This is because the real estate market can experience fluctuations and changes during the extended period of development, affecting the demand and supply of units and ultimately impacting the market value.

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