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St. Louis Real Estate Search

 

$1,000 Increase In New Home Price Takes Over 200,000 Buyers Out Of The Market

A new study by the National Association of Home Builders (NAHB) reveals that, for each $1,000 increase in the price of a new home (median-priced new home)  ,206,000 prospective home buyers are forced out of the market.  The NAHB uses this point to illustrate the effect that building regulations can have on housing affordability  citing that every $833 increase in fees paid during the home-building process, such as permit fees, impact fees, etc, adds an additional $1,000 to the final price of the home.

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