In the mortgage industry news, regulatory costs are a significant factor impacting the affordability of housing. Builders are emphasizing to Congress the importance of policies that enable affordable housing construction, citing that regulatory costs make up a sizable portion of the total cost of residential development.
Key points include:
– Regulatory costs make up nearly 25% of the cost of a single-family home
– More than 40% of the cost of a typical apartment development is attributed to regulatory expenses
– Builders are advocating for Congress to support policies that facilitate affordable housing construction to address these challenges.
For more details on this topic, you can read the full article on Weekly Real Estate News.
You can read this full article at: https://wrenews.com/builders-ask-congress-to-support-policies-to-enable-affordable-housing-construction/
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