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Regulations Driving Up Home Costs | Wilmington News
New government regulations are adding over $130,000 to the cost of building a home—nearly 26% of the final price—and pushing homeownership further out of reach. Since 2021, regulatory costs have surged 40%, fueling a housing shortage and affordability crisis as builders blame federal, state, and local rules for skyrocketing prices. With mortgage rates high and inventory low, lawmakers face mounting pressure to reform the system—striking a balance between safety and affordability. Some states are already leading the way with smarter, less costly regulations, offering a blueprint for change…
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