Regulatory Costs Add $93,870 to New Home Prices Says Trade Group
Share
[aggregation-styles]
NAHB Now
NAHB Now
Regulations imposed by all levels of government account for $93,870, or 23.8% of the current average sales price ($397,300) of a new single-family home, according to a new study by the National Association of Home Builders.
Of the $93,870 figure, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction.
“This study illustrates how overregulation is exacerbating the nation’s housing affordability crisis and that policymakers need to take bold steps to reduce or eliminate unnecessary regulations that will help builders increase the production of quality, affordable housing to meet growing market demand,” said NAHB Chairman Chuck Fowke.
By NAHB Now | 06 May 2021
RELATED TOPICS:
Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’
Sports /
9 hours ago
The Many Names of GOP Vice Presidential Nominee JD Vance
Latest /
9 hours ago
Companies Cut Prices to Boost Sales, Consumers Respond
Business /
9 hours ago
Warner Bros. Discovery Sues NBA for Not Accepting Its Matching Offer
Sports /
10 hours ago
Will Bonta Election Lawsuit Reverse the Will of Fresno County Voters?
Politics /
10 hours ago
Latest
Videos
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26170645/Gage-Mason-20-was-sentenced-to-29-years-in-state-prison-for-sexually-assaulting-multiple-children-and-a-dog-and-will-also-be-required-to-register-as-a-sex-offender-1024x538.jpg)
Crime /
7 hours ago
Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26161707/Tommy-Hopfe-with-the-Colorado-Rockies_1280X720-1024x576.jpg)
Sports /
8 hours ago
Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26145457/image-2024-07-26T145350.189-1024x576.jpeg)
Sports /
9 hours ago
Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’
![](https://gvwire.s3.us-west-1.amazonaws.com/wp-content/uploads/2024/07/26154603/Republican-vice-presidential-candidate-Sen.-JD-Vance-R-Ohio-speaks-at-a-campaign-rally-July-22-2024-in-Radford-Va.-Vance-introduced-himself-to-the-world-in-2016-when-he-published-his-bestse-1024x538.jpg)
Latest /
9 hours ago