IIn a recent interview with Fox News Digital, Jim Tobin, president and CEO of the National Association of Home Builders (NAHB), believes if inflation cost including higher tariffs were to move in the right direction, you could see positive movements in the housing market.
Poll numbers show housing affordability is a top issue with voters. But the question is, how do you remedy it?
“I think for Florida to energize the real estate market begins at the local level and fixing it involves cutting back on the red tape and local regulation,” said Steve Beaman talk radio economic analyst.
Beaman says the NAHB is correct when addressing local concerns of the negative impact local government can have on housing in the areas of restrictive zoning and land-use barriers.
In the interview with Fox, Tobin said the cost of regulations alone plays a massive role in housing affordability.
“Regulatory burdens really do add up on the unaffordability index. “We estimate that 24% of the cost of a single-family home is embedded in regulations at all three levels of local, state and federal government. That comes out to roughly $94,000 in regulatory costs,” Tobin said.
Some Florida GOP lawmakers tell Florida Daily they believe local officials are purposely putting in place regulatory policies to obstruct new construction.
“Sometimes there are communities that just regulate because they want to impede growth, they don’t want more homes built. Sometimes there are communities that just regulate because they want to impede growth, they don’t want more homes built and the longer builders wait, the more expensive those projects become,” Tobin told Fox Digital.
