The Housing and
Development Act of 2018
This week, the Assembly approved Assembly Bill
770, "The Housing and Development Act of 2018," that I
coauthored with Senator Duey Stroebel. This legislation seeks to
lower the cost of new development at the local level by further
reducing regulations, streamlining processes, and providing
information to developers regarding fees and available lots.
A recent study by the National Association of Homebuilders found
that an average of 24.3 percent of a home's final selling price
is comprised of local, state, and federal regulatory costs. What
is more, development expenses for the newly-sold homes represent
14.6 percent of the total cost of regulation, with builder
outlays accounting for the remainder. The aforementioned study
denoted that, while the percentage of housing regulatory burdens
remain in line with 2011 estimates of twenty-five percent, home
prices have increased exponentially, resulting in a thirty
percent increase in the dollar value of these costs--from
$65,000 in 2011 to $85,000 in 2016. These are just a few reasons
why I authored the "Housing and Development Act of 2018."
By modernizing their approach to housing development
regulations, state and localities can retain unchecked housing
cost growth, protect homeowners and strengthen their economies.
Wisconsin exports increase
There is more good news for Wisconsin on the economic front.
Wisconsin exports increased by more than six percent in 2017.
According to the
United States Census Bureau, Wisconsin exported $22.3
billion in goods and services last year. These exports went to
202 countries. The growth can be attributed to an
increase in exports to Canada, Mexico, and China. Wisconsin
continues to lead the nation in the export of sweet corn and
cranberries. In total, Wisconsin exports more than $35 million
in agriculture products.
State of Wisconsin Blue Books
Copies of the 2017-18 State of Wisconsin Blue Book are
still available. If you are interested in obtaining a copy of
this year's Blue Book, please contact my office:
Rep.Rob.Brooks@legis.wisconsin.gov or (608) 267-2370.
State of the Tribes
This week, Gary Besaw from the Menominee Nation delivered the
2018
State of the Tribes address.
Gary Besaw from the Menominee Nation, delivering the 2018
Wisconsin State of the Tribes address. |