Regulations imposed by all levels of government account for $93,870, or 23.8 percent of the current average sales price ($397,300) of a new single-family home.
Housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages along with expected increases in mortgage rates stemming from a growing economy are likely to exacerbate affordability challenges in the year ahead.
NAHB released the survey results, which highlights how the pandemic affected remodelers' businesses, to kick off National Home Remodeling Month in May.
As sponsors of National Signing Day, The Home Depot and Klein Tools have had the opportunity to forge meaningful relationships with students and schools across the country.
Multiple retailers and contractors have noted a return by consumers to the category due to technological advances and the outstanding durability of the product.
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