Short List
Priced Out
A report from the National Association of Homebuilders finds that in 2014, a $1,000 increase in a homes asking price leads to pricing out about 206,269 households. The magnitude of the impact of this phenomenon varies across states and metro areas based largely on their population, income distribution and new-home prices.
Often hidden in median new-home prices is the cost of local and national government regulations. NAHB research shows that, on average, regulations imposed by government at all levels account for 25 percent of the final price of a new single-family home built for sale. Every time a local or regional government raises construction costs by, for example, increasing the price of construction permits or impact fees, the cost of building a house rises.
