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Regulations Account For 40% Of Multifamily Development Costs

Most developers avoid building where rent controls are in place.

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Government-imposed regulations account for more than 40% of all multifamily development costs, according to new research by the National Association of Home Builders and the National Multifamily Housing Council.

And “some of these regulatory mandates can discourage developers from building in the very marketplaces that have the greatest need for more housing,” the entities write in a new report breaking down the data. “This can prove to be particularly burdensome in a world of rising costs.”

 

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