Affordable Housing: What’s Ahead in 2019
December 11, 2018 / Laura Calugar
High construction and land costs, zoning rules, a tight labor market, poor management and regulatory hurdles these are just a few obstacles behind the country’s severe housing affordability problem. For example, a recent joint research study by the National Association of Home Builders and the National Multifamily Housing Council determined that government-imposed regulations comprise more than 30 percent of multifamily development costs. This has a great impact on the multifamily industry in general and the affordable housing market in particular.