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Week of July 17th- Can Local Governments Impede Housing Markets?

July 17, 2016

Federal and local government agencies have added significant building costs that did not exist as recently as 15 years ago, which has had an adverse effect on many housing markets, according to a recent survey of more than 100 builders by John Burns Real Estate Consulting (JBREC).

The survey found that in many instances, the government added these extra costs in order to protect the environment and improve the surrounding area for existing residents.

“While these are noble goals, builders have to charge more for new homes—or simply not build homes in many instances,” said John Burns, CEO of John Burns Real Estate Consulting.  View the story.



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