Cut red tape and you cut building costs, Kahn says

The cost of building a new house -- now averaging about $78,000 nationwide -- could be slashed by cutting through local red tape, said inflation adviser Alfred Kahn and Assistant Housing Secretary Lawrence Simons. Test projects showed costs could be cut by between 20 and 33 percent. Reductions resulted from speeding up issuance of permits and using new building techniques. Calling the results of the projects in Hayward, Calif., Shreveport, La., and Allegheny county, Pa., "very exciting," Mr. Kahn said excessive local regulations add 20 percent to the cost of housing. Nationwide there are 20,000 different rules for home building.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK