10/2/2013 - Builders ask lawmakers to ease up on regulations
Representatives for one of the country's largest construction trade associations recently made their way to the nation's capital in order to encourage lawmakers to make business dealings easier for those in the building profession.
Carl Harris, a Kansas builder who spoke on behalf of the National Association of Home Builders, told members of the House Judiciary Subcommittee on Regulatory Reform, that burdensome regulations have made compliance an issue that's been antithetical to entrepreneurialism.
"As a small businessman operating in a highly regulated industry, I know how difficult and costly it can be to comply with scores of government regulations that apply to my day-to-day work," said Harris. "In fact, in my industry, the sum total of regulations imposed by government at all levels account for 25 percent of the final price of a new single-family home."
He added that price fluctuations in the construction market make these types of constraints particularly difficult to cope with.
NAHB is a staunch supporter of the Regulatory Flexibility Act, which, if passed, would require that federal authorities practice more due diligence in considering the effects of new regulations and whether they ultimately would bring diminishing returns or would be a net positive. It also would give builders more of a say in how and when these regulations go into effect.
In order for contractors to thrive under the free market system, they also need the proper business owners' insurance policy to protect their losses, enabling them to get their projects done on time. Selective provides contractors and builders with the coverage they need in more than 110 different trades, including excavation, masonry, residential and commercial building as well as furniture and fixtures installation.