NAHB is careful about method here. The lot-development figure comes from its March 2026 Land Developer Survey, the construction figure from the March 2026 NAHB/Wells Fargo Housing Market Index, converted to dollars using Census new home price data. NAHB places regulation alongside four other supply constraints: material tariffs, the skilled labor shortage, a shortage of finished lots, and tighter lending.
Our take is simple. Of those five constraints, regulatory friction is the one a software layer can compress directly. You cannot code your way out of a labor shortage. You can make the rules legible before capital is committed.