Wednesday, July 20, 2011
NAHB: How Government Regulations Affect the Cost of Housing
For the past four years the housing market has faced considerable adversity and still faces significant barriers to recovery. Some of those barriers are government imposed.
Even when the current barriers are overcome, home builders and developers will still be contending with markets in which homes cost more to build and sell because of government regulations.
NAHB Economist Paul Emrath, PhD., recently completed a study of the impact of government regulation on the cost of housing. According to the report, 25 percent of the cost of a new home is the result of government regulation.
Click here to read the report at HousingEconomics.com.