The U.S. faces significant housing supply challenges, needing 1.1 to 1.5 million units in the next decade to address undersupply. Compared to other nations, the U.S. has more complex building codes—five versus two in Sweden—leading to slower construction processes. Regulatory costs, such as the added $94,000 per home, intensify these challenges. Local resistance and extensive zoning regulations further complicate development efforts. Companies like Ivory Development are working to influence legislation to streamline these challenges, successfully passing numerous regulatory bills to ease construction barriers.
"The U.S. lags behind other advanced nations regarding streamlined regulations, with five building code contexts compared to only two in Sweden, complicating construction processes."
"Regulatory costs alone added about $94,000 per new home as of 2021, showcasing the substantial financial burden regulations place on housing development."
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