Regulation: 24.3 Percent of the Average New Home Price
New NAHB estimates based on the latest data show 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.
PALM COAST, FL – May 25, 2016 – 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 percentof 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. <read more>
Source: National Association of Home Builders
Thanks to regulations . . .
Thanks to Regulations, my home survived Hurricane Andrew without the roof lifting off, Earthquakes in Ecuador, and likely 1000’s less electrical fires thanks to quality Electric Codes. Too much Govt. in your life? I suppose you could move to unincorporated areas of your county and build just about anything you like.