06/17/2026
This actually blew my mind! I knew regulatory issues increase building costs.....but...
*Average new construction home $500,000
*Estimated Regulatory costs= 26.4%
* $132,000 in additional cots passed to the Buyer ๐คฏ
Time to start looking at Federal, State, and local building laws with a microscope. Eliminating non-sensical regulations could go along way to help with Buyer affordability IMO
Permits, inspections, and approvals are taking a bigger toll on housing affordability by adding thousands to construction costs, NAHB found.