NAHB Now
A recent study by NAHB and the National Multifamily Housing Council that details how regulations account for 32% of the cost of developing new multifamily properties has caught the attention of Congress.
The report acted as the catalyst for the House Financial Services Subcommittee on Housing and Insurance to put a spotlight on the issue and hold a hearing today on regulatory burdens on multifamily housing development.
Testifying at the hearing on behalf of NAHB was Steve Lawson, chairman of The Lawson Companies based in Virginia and chairman of NAHB’s Multifamily Council. Lawson told lawmakers that overregulation of the housing industry is felt at every phase of the building process.
