The National Association of Home Builders has been fairly critical of recent regulations that it finds are burdensome to the housing industry. According to the NAHB, regulations have continued to rise despite companies lack of ability to pay for them.
A new report by the NAHB looks at what it says is the regulatory burden imposed by the government. A component of the report focuses on the cost that regulations have during construction.
The report states that for single-family home construction regulations, on average, account for 9.7% of a home’s final sale price. When factoring in both development and construction procedures, results are higher. Regulations imposed by government, the NAHB says, account for 24.35% of the final price of a new single-family home built for sale.