Regulatory costs have increased nearly 40% in five years, adding $131,734 to the price of a typical new single-family home, or 26.4% of the average $499,500 sale price. Construction phase costs account for $84,939, land development $46,795. Building code changes are the largest driver, adding $40,288 per home. Delays average six weeks to seven months, further raising costs. These factors contribute to a 1.2 million unit housing deficit and slow new construction amid tariffs, labor shortages, and tighter lending.
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