Report: Government Regulations Add $84,671 to New Home Prices

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Government regulations are responsible for adding $84,671 to the final price of a new single-family home, according to a report from the National Association of Home Builders.

According to the report, regulations implemented during the lot’s development are responsible for 14.6 percent of the total, while 9.7 percent is due to costs that accrue after the builder has purchased a finished lot.

“Regulations come in many forms and can be imposed by different levels of government,” explains the report. “At the local level, jurisdictions may charge permit, hook-up, and impact fees and establish development and construction standards that either directly increase costs to builders and developers, or cause delays that translate to higher costs.”

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