Home prices across the nation are back up near a record high. That makes this a particularly bad time for the Biden administration to have rolled out its new “green” energy mandates, which will add $31,000 to the cost of a new home.
The mandates are being pushed through the Department of Housing and Urban Development and while they technically won’t apply to all homes, all homebuilders will effectively be forced to comply with them.
The Biden administration doesn’t deny this higher upfront cost. It simply claims it’ll pay for itself via lower energy bills. Unfortunately, the break-even point is 90 years.
So if a young couple buys one of these new green energy homes and has a child one year later, the regulatory costs still won’t have paid for themselves in that child’s lifetime, let alone the life of the couple who bought the home.
HUD…
