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In many cases, the long lag time to complete projects is no longer from dreaded supply-chain issues. Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations.
One measure would continue a novel policy at the Department of Transportation to give jurisdictions that promote density and rural main street revitalization higher scores in competitive federal grant processes. HUD did not immediately respond to a request to comment on how it would accomplish those objectives.
In focusing on the regulatory requirements that account for the cost of new construction, Daren Blomquist, VP, Market Economics at Auction.com , commented: The philosophical shift toward deregulation should boost confidence in the short term with builders, renovators, and others involved in providing new supply to the housing market.
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