Regulatory demands imposed by all levels of government add 32.1 percent on average to the price tag of a new multifamily project — costs inevitably passed on to renters once the building is complete, according to a new survey produced by a pair of homebuilder organizations.
The charges include fees, land dedication and the cost of complying with various mandates, like changes to building codes or development requirements “that go beyond the ordinary,” per the study released by The National…
