Indiana HBA Leader Testifies Before Congress on Affordability Issues

Legislative
Published
Contact: Scott Meyer
[email protected]
VP, Government Affairs
(202) 266-8144

Wajda Testimony
Sen. Mike Braun (R-Ind.) and Rick Wajda, CEO of the Indiana Builders Association
Rick Wajda, chief executive officer of the Indiana Builders Association, told Congress today that the “primary challenge to the building industry is the lack of attainable, affordable housing in the single-family and multifamily markets.”

At the invitation of Sen. Mike Braun (R-Ind.), the ranking member of the Senate Special Committee on Aging, Wajda testified before the panel on a hearing focusing on housing issues.

“The fact is homeownership is unattainable for many across Indiana — including two-earner households — due to tight supply, inflationary pressures, regulatory costs and rising mortgage rates,” said Wajda. “This is why we must look at reducing the cost of housing at all levels.”

Wajda cited NAHB research to lawmakers that nearly 25% of the costs of a new home nationwide can be attributed to regulations.

“Regulations come in many forms and can be imposed by various levels of government,” he said. “At the local level, jurisdictions may charge permit, hook-up, and impact fees and establish development and construction standards that either directly increase costs to builders and developers, or cause delays that translate to higher costs. State and federal governments may be involved in this process directly or indirectly. For example, restrictive building codes add thousands of dollars to the cost of a house, making it that much more difficult to qualify for a mortgage.”

To improve housing affordability, Wajda told lawmakers that all regulations should be examined for their impact on housing affordability.

“Communities can reduce the cost of producing new housing by eliminating fee increases, assisting with infrastructure costs and allowing for higher density housing where the market demands it,” said Wajda. “Our aging population may want to age in place or age in community. Creativity and options to allow this must be explored and implemented.”

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Member Benefits

Aug 22, 2025

NAHB Members See Big Savings in 2025 with New Discounts on Business Tools, Automobiles

Whether you're looking to cut business costs or make smart personal purchases, the NAHB Member Savings Program offers significant savings for members. And in 2025, NAHB has unveiled several new savings opportunities from leading companies including Best Buy, Ford, Mercedes-Benz, QuickBooks and RAM Trucks.

Workforce Development | HBA | Codes and Standards | Sustainability and Green Building

Aug 21, 2025

Santa Fe Students Build ‘Tiny’ Homes to Test Energy Efficiency Codes

To benefit the community and provide students hands-on construction experience, the Santa Fe Area Home Builders Association recently completed the Northern New Mexico Ice Box Challenge.

View all

Latest Economic News

Economics

Aug 22, 2025

Slight Gains for Townhouse Construction

Townhouse construction expanded more than 9 percent on a year-over-year basis per data from the second quarter of 2025.

Economics

Aug 21, 2025

Existing Home Sales Rise in July

Existing home sales rebounded in July as mortgage rates retreated from the recent peak and home price growth slowed, according to the National Association of Realtors (NAR).

Economics

Aug 21, 2025

New and Existing Homes Remain Largely Unaffordable in Second Quarter

While new homes remain largely unaffordable, builder efforts to improve housing affordability paid dividends in the second quarter of 2025, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI).