Builders Call for End to Regulatory Overreach During National Homeownership Month
WASHINGTON ED BRADY -- As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, builders continue to demand affordable housing for all Americans, calling for sensible reforms to burdensome regulations that increase the cost of housing. "The aggressive over-regulation of the housing industry is putting the American Dream of safe and affordable housing at risk," said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. In May, NAHB released a study, Government Regulation in the Price of a New Home, which showed that on average, government regulations account for 24.3% of the final price of a new single-family home. In fact, the regulatory costs for an average single-family home went from $65,224 in 2011 to $84,671 in 2016 - a 29.8% increase in five years. "Regulators at all levels of government - local, state and federal - must understand that their actions have real consequences," said NA...