7 keys to alleviating permitting pain
A rise in building permits in May provided some welcome news for the U.S. housing industry, indicating that starts will likely increase in the coming months. With demand for housing remaining on the uptick and more permit applications being submitted, counties, cities and towns will need to stay on top of the inflow to prevent plan reviews and construction inspections from bottlenecking. Why? Consider this: Regulations governing the design and construction of buildings contribute up to 20 percent of the cost of construction. A single day’s delay caused by the regulatory process can add an additional $100,000 to the cost of a mid-rise building.
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