Details

Title	UW Study: Rules Add $200,000 to Seattle Housing Price
Highlights	This article states that Seattle housing prices have significantly increased due to lengthy administrative review processes.                         This article states that Seattle housing prices have significantly increased due to lengthy administrative review processes resulting from community opposition.                         This article states that Seattle housing prices have significantly increased due to excessive impact fees.                         This article states that Seattle housing prices have significantly increased due to land-use regulations, such as growth restrictions.                         This article states that Seattle housing prices have significantly increased due to land-use regulations.
Description	This article by Elizabeth Rhodes of The Seattle Times discusses a study conducted by a University of Washington professor, who finds that housing regulations can drive up housing costs by up to $200,000. According to the article, Seattle’s median housing price rose from $221,000 to $447,800 between 1989 and 2006. The study explains that $200,000 of the resulting price increase can be attributed to excessive land-use regulations, such as growth restrictions, impact fees, and time-consuming administrative review processes. The article also states that community opposition can delay building permits by 12 to 18 months and may also deter multifamily developments altogether.
Publication Date	2008
Organization	The Seattle Times
Web Location	http://seattletimes.nwsource.com/html/businesstechnology/2004181704_eicher14.html

Notice: The contents of this record reflect the views of the author and/or promulgating municipality, and should not be construed as representing the views or policies of the U.S. Department of Housing and Urban Development or U.S. HUD's Office of Policy Development and Research. No attempt has been made by U.S. HUD or its contractors to verify the accuracy, currency, or validity of the record contents presented herein.