Construction Industry - Rocky Mountain Voice

By Bradford Betz | FOX 13 News Government regulations now add roughly $132,000 to the cost of a typical newly built home, according to a new study from the National Association of Home Builders (NAHB), as industry leaders warn that mounting costs are worsening the nation's housing affordability challenges. The NAHB study found that regulations imposed by federal, state and local governments account for 26.4% of the final price of a new single-family home. Applied to the average sales price of a new home in January, the regulatory burden totals approximately $131,734 per house. The estimate is based on Census Bureau data showing the average sales price of a newly built home sold in January was $499,500. The report comes as housing affordability remains ...

By Jen Schumann | Rocky Mountain Voice When Rob Treta started expanding a small home for his girlfriend in Arvada, he thought he was dealing with a familiar problem—delays. “I submitted the plans and I said, ‘Hey, tell me what I need to do,’” Treta said. “They told me three to four weeks. It took 22 weeks. Nobody ever mentioned asbestos.” Treta has been building in Colorado for 30 years. He has worked across multiple counties, pulled permits, remodeled homes and built from the ground up. What changed isn’t entirely clear—but Treta said what he ran into felt unlike anything he had seen in decades of building. “I’ve probably built 60, 70 projects in my 30 years,” he said. “And I’ve never run into this before. Never.” This wasn’t how his projects usually went. It star...

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Tag: Construction Industry

New Study Finds Government Regulations Add Nearly $132K to the Cost of New Homes

When a remodel turns into a $60,000 lesson: One builder’s run-in with Colorado’s regulatory system

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