Why are New House Prices So High, how are They Influenced by Government Regulations, and Can Prices be Reduced?: Report to the Congress

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United States General Accounting Office, 1978 - Housing - 130 pages

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Page 61 - Why are new house prices so high, how are they influenced by government regulations, and can prices be reduced?
Page 42 - Association before the Subcommittee on Housing and Urban Affairs Senate Committee on Banking, Housing and Urban Affairs September 13, 1971 Mr.
Page 34 - Individually, potential savings per item ranged between a low of $15 (use of gravel instead of sand under concrete floors) to $2,870 (basement versus no basement) per house.
Page 40 - ... the realization as soon as feasible of the goal of a decent home and suitable living environment for every American family...
Page 14 - ISO to 200 foot wide lots that further increased site improvement costs: (3) requirements for dedicating land for parks and schools costing up to $850 a house: (4) municipal fees as high as $3.265 a house for such items as local reviews, permits, inspections, and utility connections: and (5) local review and approval processes that took up to 21 months. The report Identified 17 costly site improvement items which, if required by communities could add to the cost of a house.
Page 14 - Office has measured how much the cost of a single family housing in 11 metropolitan areas including 87 communities has been increased by land development fees and requirements. The study points out that the most restrictive communities had: (1) standards for streets and related site improvements that could increase the cost of a house by as much as $2,655; (2) requirements for 150- to...
Page 31 - Standards are intended to provide a sound technical basis for the planning and design of housing under the numerous programs of the Department of Housing and Urban Development. The standards describe those characteristics in a property which will provide present and continuing utility, durability, desirability, economy of maintenance, and a safe and healthful environment. A property complying with these standards is considered technically adequate in all HUD field office jurisdictions.
Page 17 - ... months. The report identified 17 costly site improvement items which, if required by communities could add to the cost of a house. These site improvement costs were broken down into four categories — streets, sidewalks, driveways, and water and sewer systems. For example, for each inch of asphalt pavement above 2 inches, an estimated $130 is added to the cost of a new house. Each 1 inch reduction in sidewalk thickness could save about $60 a house, a reduction of 2 inches in the size of the...
Page 36 - One or more unfinished rooms (eg, family roori and extra bath) 1,100 32 4. Asphalt shingles 865 5 5. Drywall instead of plaster 700 2 6. Romex wiring 564 13 7. Exposed foundation instead of brick above grade 411 5 8.

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