Should I wait for lower material prices or build multiplex now?

[James Mitchell Walker]

I am a Licensed General Contractor in Eastern North Carolina. I am torn between starting a construction project of 5 duplexes or waiting for construction material prices to come down. Plans and financing have been approved. What is your best advice? Thanks

[Richard Masino]

What if inflation turns out not be transitory after all but the rate of increase merely slows? Or, what if you get your wish of lower materials prices caused by higher interest rates? Point is the future holds multiple unknown variables.