WASHINGTON COUNTY, ARKANSAS, Ark. — Lot preparation costs are helping to drive a surge in housing prices in Benton and Washington counties.
Installing the infrastructure for a residential lot and prepping it for construction can cost as much as $70,000, hampering the region’s quest for more affordable housing.
“Everything is twice as much as it was five years ago,” said Ben Shankle, Northwest Arkansas president of Pavecon, a concrete and paving company based in Dallas.
To read more about lot preparation costs, our content partner Arkansas Business has the full story here.
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