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Latest

America’s broken permitting system is quietly raising your cost of living

Fox News ·
America’s broken permitting system is quietly raising your cost of living

Permitting reform isn't simply an energy issue or an environmental issue.

It is an affordability issue.

The economics are straightforward.

In a market economy , prices are determined by supply and demand.

When the supply of housing, energy or manufactured goods increases, prices tend to fall.

When supply is constrained, prices rise.

If policymakers are serious about lowering costs for American families, they should focus on making it easier — not harder — to increase supply.

That begins with fixing America's broken permitting system.

THE SURPRISING HIDDEN COST QUIETLY ADDING NEARLY $132K TO NEW HOME PRICES REVEALED America does not suffer from a shortage of entrepreneurs willing to invest, workers eager to build or capital ready to finance new projects.

But the permitting system fails to produce timely, predictable government decisions.

Today, major housing developments, energy infrastructure and even manufacturing facilities routinely spend years navigating overlapping federal reviews, duplicative agency requirements and prolonged litigation.

Time becomes a hidden tax.

Every year a project sits in regulatory limbo, financing costs rise, construction expenses increase, investors demand higher returns and uncertainty discourages future investment.

Those costs are ultimately paid by consumers through higher rents, home prices, utility bills and costlier goods.

Read the full article on Fox News ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.foxnews.com — the content belongs to Fox News.

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