Bureaucracy can impact home prices

Bureaucracy can impact home prices

A new analysis suggests that bureaucracy may play a larger role than thought in driving up housing costs in some large metro areas. The analysis by Trulia chief economist Ralph McLaughlin shows that delays in getting approvals for new housing projects can make it harder for developers to meet new housing demand, driving up costs and leading to less new construction.

Bureaucracy can impact home prices

A new analysis suggests that bureaucracy may play a larger role than thought in driving up housing costs in some large metro areas. The analysis by Trulia chief economist Ralph McLaughlin shows that delays in getting approvals for new housing projects can make it harder for developers to meet new housing demand, driving up costs and leading to less new construction.
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