In addition to studies customized to a particular area, NAHB has traditionally produced a “typical local” report using national average inputs. This report—showing the jobs, income and taxes generated by residential construction in a typical local area—is available free to everyone on NAHB’s web site.
In April 2015, NAHB updated the typical local report. A quick summary of the new numbers is as follows:
The updated estimates of the one-year impacts (including income earned during construction and the ripple effect that occurs when some of the income is spent) of building 100 single-family homes are
- $28.7 million in local income,
- $3.6 million in taxes and other revenue for local governments, and
- 394 local jobs.
And the annual, ongoing impacts (resulting from the home becoming occupied and the occupants participating in the local economy) are
- $4.1 million in local income,
- $1.0 million in taxes and other revenue for local governments, and
- 69 local jobs.