NAHB Updates Local Impact of Home Building Numbers | Bedford Corners Real Estate

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.

read more…

 

http://eyeonhousing.org/2015/04/nahb-updates-local-impact-of-home-building-numbers/

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