San Diego County’s many layers of government regulation may explain 40 percent of the area’s high cost of newly built housing, according to a new study released Wednesday.

The Fermanian Business and Economic Institute at Point Loma Nazarene University said even a 3 percent cut in regulations could benefit consumers through $2.5 billion in higher income, a $3.1 billion boost to the county economy and 37,331 more jobs. […]