Housing costs continue to rise, making it harder for young families to afford their first home. Over the last 7 years, the median price of a home in Wisconsin increased from $180,000 to $389,000.
Housing remains expensive, in part, because of a lack of supply and government regulations. We currently need 6 million more homes to meet housing demand.
We also need to address the costs of government regulations. One study found that government regulations add 24% to the cost of a new home. For the average home in Janesville priced at $280,000, that’s $66,000 in regulatory costs.
