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Builder Confidence Highest in 11 Years

In a recent Ask the Economist article in DSNews, Robert Dietz, Ph.D. was featured, and he discussed multiple factors contributing to builder confidence in the real estate world – and he has the data to back it up. Dietz is Chief Economist and Senior Vice President for the National Association of Home Builders (NAHB). When asked to comment on the NAHB’s housing market index reflecting an 11-year high in builder confidence, Dietz said that builders are optimistic about the prospect of less regulation after the election. “One of the key concerns is the rise in regulatory burdens that adds to the baseline cost of a home. Earlier this year, NAHB released a paper that estimated that regulatory costs associated with land development and residential construction have increased 29 percent over the last five years and make up nearly a quarter of a home’s final sales price.” While it’s really just speculation at …