Central Minnesota Builders Association (CMBA) shared concerns about regulatory burdens increasing the cost of homebuilding during a roundtable discussion with Rep. Tom Emmer. Emmer held the roundtable to hear from stakeholders about the impacts of energy costs and renewable energy mandates and to share details of H.R. 1 the Lower Energy Costs Act in Congress.
“The first rule of getting out of a hole is to stop digging,” Steve Gottwalt, CMBA government affairs consultant, told Emmer.
Gottwalt noted central Minnesota is in a deep hole of housing supply and affordability, and new energy mandates threaten to add thousands of dollars to every new unit of housing.
“We already build the most energy-efficient homes in the country,” said Gottwalt.
Emmer agreed and asked CMBA to provide him with trend information about what contributes to the overall cost of building a new home.
“Federal, state and local government mandates, regulatory burdens and fees are contributing a larger and larger share of the overall cost of homebuilding,” said Gottwalt. “Government can’t keep expressing concern for the need of affordable workforce housing, and then add to the cost of building with new regulatory costs, fees and burdens.”