National Association of Home Builders: Government regulation over last five years has driven price of single-family homes up 30 percent


Owning a home for many American millennials faced with student-loan debt and skyrocketing real estate has become a distant dream while older homeowners struggle to keep up with mortgage payments and property taxes year after year. These difficulties aren’t alleviated by big-government regulations that push dreams of home ownership even farther out of reach. How far out-of-reach? $84,671 per home out of reach …

Washington Free Beacon has the scoop:

Government regulations are responsible for adding $84,671 to the final price of a new single-family home, according to a report from the National Association of Home Builders.

According to the report, regulations implemented during the lot’s development are responsible for 14.6 percent of the total, while 9.7 percent is due to costs that accrue after the builder has purchased a finished lot…

The association applied the percentage increase due to regulation to home prices from Census data and found that regulatory costs in a home went from $65,224 in April of 2011 to $84,671 in March 2016—a 29.8 percent increase.

Big-government regulations are getting in the way of the American Dream. Click here to get involved and help Tea Party Patriots urge our leaders to adopt business-friendly regulations that would bring the dream of home ownership back into reach for Americans nationwide.