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On March 13, the President issued an executive order that directs federal agencies to develop regulatory best practices for housing construction. The Department of Housing and Urban Development (HUD), in coordination with the White House, released the State and Local Best Practices for Home Construction on May 20. The report calls on state and local governments to reduce construction costs, unlock land for residential development, and accelerate permitting timelines through various policy options, noting that regulatory costs account for more than $100,000 of the final price of a new single-family home. READ REPORT’S SUMMARY HERE
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