Actually the reverse, building codes for most of the US are a joke. We continue to build horribly inefficient and uncomfortable homes because every extra penny is spent on square footage and extra McMansion features. When houses become financial instruments there is no incentive to make houses into good homes, despite building science folks jumping up and down for decades.
Houses are complicated systems that need to control heat, moisture, water, and power while removing waste. This whole thing needs to be structurally sound while burning slowly enough so that you have time to react and escape in case of a fire. These are the most important investments most people ever make, and for the most part we are all served the cheapest legally permissible house that consumes as much space as possible.
Don't get me started on sound insulation. The condo I rent is two units in four stories and if the room on the fourth floor is playing music at a decent volume you can still hear from the garage. The whole thing is five million dollars. Retrofitting proper sound insulation on the whole building is north of 180k.
Houses are complicated systems that need to control heat, moisture, water, and power while removing waste. This whole thing needs to be structurally sound while burning slowly enough so that you have time to react and escape in case of a fire. These are the most important investments most people ever make, and for the most part we are all served the cheapest legally permissible house that consumes as much space as possible.