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Home builders warn energy codes, flood and other rules are raising construction costs
Summary
Buddy Hughes of the National Association of Home Builders told the House Small Business Committee that recent federal proposals and energy codes have contributed substantial increases to the price of new homes and constrained housing supply, while urging more small‑business input into rulemaking.
Buddy Hughes, representing the National Association of Home Builders (NAHB), told the House Small Business Committee that regulatory costs are a major driver of rising home prices and constrained supply.
Hughes said roughly 25% of the price of newly built single-family homes and 41% of apartment development costs are attributable to regulations, and he cited the 2021 International Energy Conservation Code (IECC 2021 or "ICC 21" referenced in testimony) and certain HUD and USDA rules as examples of agency actions that can increase per‑unit costs. "That investigation also pointed to potential pads to reform and strengthen the 45 year old law which we…
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