Oklahoma State Home Builders Association

An Affiliate of the National Home Builders Association

Regulation: 24.3 Percent of the Average New Home Price

 
Posted on May 9, 2016 by By Carol Hartzog Communications

Eye on Housing

Copyright © 2016 NATIONAL ASSOCIATION OF HOME BUILDERS

A new NAHB study shows that, on average, regulations imposed by government at all levels account for 24.3 percent of the final price of a new single-family home built for sale. Three-fifths of this — 14.6 percent of the final house price — is due to a higher price for a finished lot resulting from regulations imposed during the lot’s development.  The other two-fifths — 9.7 percent of the house price — is the result of costs incurred by the builder after purchasing the finished lot.

NAHB’s previous 2011 estimates were fairly similar, showing that regulation on average accounted for ... Read the article at the NAHB website

Regulatory costs

 

Share and Enjoy :