Builders and developers responding to NAHB’s Survey on Acquisition, Development & Construction (AD&C) Financing continued to report declining interest rates in the first quarter of 2021. The average effective rate (based on rate of return to the lender over the assumed life of the loan taking both the contract interest rate and initial fee into account) decreased from 7.27 to… Read More ›
The White House on Wednesday unveiled details of its plan to produce, preserve and retrofit 2 million affordable housing units under the American Jobs Plan. While the plan calls for expanding the Low Income Housing Tax Credit (LIHTC), HOME Investment Partnerships program, project-based rental assistance, and other affordable housing programs, it imposes unprecedented labor mandates on projects funded by these sources.
A new NAHB study shows that, on average, regulations imposed by government at all levels account for $93,870 of the final price of a new single-family home built for sale. Of the $93,870, $41,330 is due to a higher price for the finished lot, attributable to regulations imposed during the lot’s development. The remaining $52,540 is the result of regulatory… Read More ›
