Difference between revisions of "Development costs"

From YIMBYwiki
Jump to: navigation, search
Line 27: Line 27:
  
 
*Bertolet, Dan.  
 
*Bertolet, Dan.  
**"Yes, Red Tape and Fees Do Raise the Price of Housing."&nbsp;''Sightline,&nbsp;''July 24, 2017.&nbsp; [http://www.sightline.org/2017/07/24/yes-red-tape-and-fees-do-raise-the-price-of-housing/ http://www.sightline.org/2017/07/24/yes-red-tape-and-fees-do-raise-the-price-of-housing/].<br/> &nbsp;
+
**"Yes, Red Tape and Fees Do Raise the Price of Housing."&nbsp;''Sightline,&nbsp;''July 24, 2017.&nbsp; [http://www.sightline.org/2017/07/24/yes-red-tape-and-fees-do-raise-the-price-of-housing/ http://www.sightline.org/2017/07/24/yes-red-tape-and-fees-do-raise-the-price-of-housing/].  
**"Housing delayed is&nbsp;housing denied (and rent increased)." Sightline, August 10, 2017.&nbsp;[http://www.sightline.org/2017/08/10/housing-delayed-is-housing-denied/ http://www.sightline.org/2017/08/10/housing-delayed-is-housing-denied/].  
+
**"Housing delayed is&nbsp;housing denied (and rent increased)." Sightline, August 10, 2017.&nbsp;[http://www.sightline.org/2017/08/10/housing-delayed-is-housing-denied/ http://www.sightline.org/2017/08/10/housing-delayed-is-housing-denied/].<br/> &nbsp;  
 
+
 
+
&nbsp;
+
  
 
*California Department of Housing and Community Development. 2014 California Affordable Housing Cost Study, October 2014. [http://www.treasurer.ca.gov/ctcac/affordable_housing.pdf http://www.treasurer.ca.gov/ctcac/affordable_housing.pdf].<br/> &nbsp;  
 
*California Department of Housing and Community Development. 2014 California Affordable Housing Cost Study, October 2014. [http://www.treasurer.ca.gov/ctcac/affordable_housing.pdf http://www.treasurer.ca.gov/ctcac/affordable_housing.pdf].<br/> &nbsp;  
*The Economist. "Efficiency eludes the construction industry: <span style="font-size: 13px;">American builders’ productivity has plunged by half since the late 1960s." August 17, 2017.&nbsp;[https://www.economist.com/news/business/21726714-american-builders-productivity-has-plunged-half-late-1960s-efficiency-eludes [1]].</span><br/> &nbsp;  
+
*California&nbsp;Governor’s Budget Summary – 2017-18&nbsp;<br/> [http://www.ebudget.ca.gov/2017-18/pdf/BudgetSummary/HousingandLocalGovernment.pdf http://www.ebudget.ca.gov/2017-18/pdf/BudgetSummary/HousingandLocalGovernment.pdf].<br/> Total development costs average $332,000 per unit for the construction of new affordable units&nbsp;<br/> &nbsp;
 +
*''The Economist''. "Efficiency eludes the construction industry: <span style="font-size: 13px;">American builders’ productivity has plunged by half since the late 1960s." August 17, 2017.&nbsp;[https://www.economist.com/news/business/21726714-american-builders-productivity-has-plunged-half-late-1960s-efficiency-eludes [1]].</span><br/> &nbsp;  
 
*Emmett, Gary. "International construction market survey 2016." ''Turner and Townsend''.&nbsp;[http://www.turnerandtownsend.com/en/insights/international-construction-market-survey-2016/ http://www.turnerandtownsend.com/en/insights/international-construction-market-survey-2016/].<br/> &nbsp;  
 
*Emmett, Gary. "International construction market survey 2016." ''Turner and Townsend''.&nbsp;[http://www.turnerandtownsend.com/en/insights/international-construction-market-survey-2016/ http://www.turnerandtownsend.com/en/insights/international-construction-market-survey-2016/].<br/> &nbsp;  
*Korn Peter.&nbsp;High cost of 'affordable.'" ''Portland Tribune.&nbsp;''February 06, 2014. [http://www.pamplinmedia.com/pt/9-news/209817-66668-high-cost-of-affordable http://www.pamplinmedia.com/pt/9-news/209817-66668-high-cost-of-affordable]. on Rob Justus / Home First Development.<br/> &nbsp;  
+
*Korn, Peter.&nbsp;High cost of 'affordable.'" ''Portland Tribune.&nbsp;''February 06, 2014. [http://www.pamplinmedia.com/pt/9-news/209817-66668-high-cost-of-affordable http://www.pamplinmedia.com/pt/9-news/209817-66668-high-cost-of-affordable]. on Rob Justus / Home First Development.<br/> &nbsp;  
 
*LePatner, Barry B. ''Broken Buildings, Busted Budgets: How to Fix America's Trillion-Dollar Construction Industry.''&nbsp;October 15, 2007. [https://www.amazon.com/Broken-Buildings-Busted-Budgets-Trillion-Dollar/dp/0226472698 https://www.amazon.com/Broken-Buildings-Busted-Budgets-Trillion-Dollar/dp/0226472698].<br/> &nbsp;  
 
*LePatner, Barry B. ''Broken Buildings, Busted Budgets: How to Fix America's Trillion-Dollar Construction Industry.''&nbsp;October 15, 2007. [https://www.amazon.com/Broken-Buildings-Busted-Budgets-Trillion-Dollar/dp/0226472698 https://www.amazon.com/Broken-Buildings-Busted-Budgets-Trillion-Dollar/dp/0226472698].<br/> &nbsp;  
 
*McKinsey Global Institute. "Reinventing construction through a productivity revolution." February 2017.&nbsp;[http://www.mckinsey.com/industries/capital-projects-and-infrastructure/our-insights/reinventing-construction-through-a-productivity-revolution [1]].&nbsp;<br/> By Filipe Barbosa, Jonathan Woetzel, Jan Mischke, Maria Joao Ribeirinho, Mukund Sridhar, Matthew Parsons, Nick Bertram, and Stephanie Brown.<br/> &nbsp;  
 
*McKinsey Global Institute. "Reinventing construction through a productivity revolution." February 2017.&nbsp;[http://www.mckinsey.com/industries/capital-projects-and-infrastructure/our-insights/reinventing-construction-through-a-productivity-revolution [1]].&nbsp;<br/> By Filipe Barbosa, Jonathan Woetzel, Jan Mischke, Maria Joao Ribeirinho, Mukund Sridhar, Matthew Parsons, Nick Bertram, and Stephanie Brown.<br/> &nbsp;  
 
*NAHB. “Cost of Constructing a Home.” Heather Taylor, National Association of Home Builders, Economics and Housing Policy Group, November 2, 2015. [https://www.nahbclassic.org/generic.aspx?genericContentID=248306 https://www.nahbclassic.org/generic.aspx?genericContentID=248306].<br/> &nbsp;  
 
*NAHB. “Cost of Constructing a Home.” Heather Taylor, National Association of Home Builders, Economics and Housing Policy Group, November 2, 2015. [https://www.nahbclassic.org/generic.aspx?genericContentID=248306 https://www.nahbclassic.org/generic.aspx?genericContentID=248306].<br/> &nbsp;  
*Sveikauskas, Leo. “Productivity growth in construction.” ''Journal of Construction Engineering and Management'', Oct 2016. [http://ascelibrary.org/doi/10.1061/(ASCE)CO.1943-7862.0001138 http://ascelibrary.org/doi/10.1061/%28ASCE%29CO.1943-7862.0001138].  
+
*Rider Levett Bucknall Ltd. (Phoenix, Arizona, USA). "Rider's Digest 2016." [http://assets.rlb.com/production/2016/04/20002334/RLB-Riders-Digest-USA-2016.pdf http://assets.rlb.com/production/2016/04/20002334/RLB-Riders-Digest-USA-2016.pdf].<br/> "A &nbsp;compendium of USA cost data and related information as well as international cost data.&nbsp;<br/> "Rider Levett Bucknall is an international property and construction consultancy firm with over 120 offices worldwide.&nbsp;The costs stated in this section represent hard construction costs and reflect the standards and specifications normal to that country or region. Variation in costs may be experienced for factors such as site conditions, climatic conditions, standards of specification, market conditions, etc. Costs for associated site development work such as site formation, utilities, paving, parking and landscaping are excluded.<br/> "Figures also exclude furniture, fittings and equipment (FF&E) with the exception of figures for Hong Kong, China and Singapore, which do include FF&E in hotel costs.&nbsp;<br/> "All project soft costs such as land acquisition, design and engineering fees, entitlements, permitting and financing are excluded."<br/> &nbsp;
 
+
*Sveikauskas, Leo. “Productivity growth in construction.” ''Journal of Construction Engineering and Management'', Oct 2016. [http://ascelibrary.org/doi/10.1061/(ASCE)CO.1943-7862.0001138 http://ascelibrary.org/doi/10.1061/%28ASCE%29CO.1943-7862.0001138].<br/> &nbsp;
 
*U.S. Census. "Construction: Summary Series: General Summary: Specialization in Types of Construction by Subsectors and Industries: 2012." ''2012 Economic Census of the United States.&nbsp;''Release Date&nbsp;: 10/30/2015.&nbsp;[https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2012_US_23SG06&prodType=table https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2012_US_23SG06&prodType=table]  
 
*U.S. Census. "Construction: Summary Series: General Summary: Specialization in Types of Construction by Subsectors and Industries: 2012." ''2012 Economic Census of the United States.&nbsp;''Release Date&nbsp;: 10/30/2015.&nbsp;[https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2012_US_23SG06&prodType=table https://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2012_US_23SG06&prodType=table]  
 
Rider Levett Bucknall Ltd. (Phoenix, Arizona, USA). "Rider's Digest 2016." http://assets.rlb.com/production/2016/04/20002334/RLB-Riders-Digest-USA-2016.pdf.
 
 
"A &nbsp;compendium of USA cost data and related information as well as international cost data.&nbsp;
 
 
Rider Levett Bucknall is an international property and construction consultancy firm with over 120 offices worldwide.&nbsp;The costs stated in this section represent hard construction costs and reflect the standards and specifications normal to that country or region. Variation in costs may be experienced for factors such as site conditions, climatic conditions, standards of specification, market conditions, etc. Costs for associated site development work such as site formation, utilities, paving, parking and landscaping are excluded.
 
 
&nbsp; Figures also exclude furniture, fittings and equipment (FF&E) with the exception of figures for Hong Kong, China and Singapore, which do include FF&E in hotel costs.&nbsp;
 
 
All project soft costs such as land acquisition, design and engineering fees, entitlements, permitting and financing are excluded.&nbsp;
 
 
&nbsp;
 
 
[California] Governor’s Budget Summary – 2017-18&nbsp;
 
 
http://www.ebudget.ca.gov/2017-18/pdf/BudgetSummary/HousingandLocalGovernment.pdf.
 
 
Total development costs average $332,000 per unit for the construction of new affordable units&nbsp;
 
 
&nbsp;
 
 
&nbsp;
 
 
&nbsp;
 
  
 
&nbsp;
 
&nbsp;

Revision as of 01:04, 4 January 2018

Development costs are all those required to complete a new project such as housing

 

Land acquisition cost

 

Entitlement cost

 

Design 

 

Financing

 

Construction costs
 

Taxes and fees

 

References