[Bookshelf]

Right you are. $1 billion in added costs is not as much as one would think.

NEW RESIDENTIAL
CONSTRUCTION
MARCH 2017
Building Permits: 1,260,000
Housing Starts: 1,215,000
Housing Completions: 1,205,000.

[oincobx]

Those are annualized numbers, at that rate you would see about $800 per house.