I’m having an issue to which I haven’t been able to find a solution just by searching here or on Google.
I’m building a project which is shared by multiple developer
I am not using Storyboards but I think the problem here may be at a higher level and not related to storyboards. I faced the same problem (xcode hangs while trying to build the app, activity monitor shows interface builder using 99% CPU).
The following worked for me - In the .xcodeproj file, changing the iOS Deployment Target from 6.0 to 7.0 fixed it instantly.