Insight
Regulatory delays during lot development average roughly seven months when they occur, and during construction, they average a little more than six weeks.
The ROAD Act and the 26.4% regulatory cost stack on new homes
Summary
New home construction faces a $131,734 regulatory cost burden, 26.4% of the average home price. Building code changes are the largest driver at $40,288. While federal legislation like the ROAD Act can influence some areas, local land-use politics remain a significant hurdle for affordability.
Key takeaway