Maryland developers say complex state, local and federal regulations, along with permitting delays and uncertainty, are driving up housing costs and making it harder to build new homes. State housing officials acknowledged regulations are a factor but emphasized that high costs also stem from land, construction, financing, taxes and fees, with Maryland facing a housing shortage of roughly 100,000 units.
Quoted: “42 percent of young renters say they’re considering leaving the state. The reason they cite: high housing costs,” Maryland Housing Secretary Jake Day said. “91 percent of full-time workers say that affordability is a huge or medium obstacle to homeownership.”
