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The Benefits of Housing
Housing is a part of our life and an essential element of our way of life here in the United States. The positive effects of housing construction are far-reaching and long-lasting.
According to the National Association of Home Builders, construction of 100 single-family homes generates $11.6 million in new income to local businesses and workers in the first year of construction, and $2.8 million every year thereafter. It also creates 250 jobs in the local community during the first year of construction, and 65 jobs every year thereafter. In terms of contribution to public revenue, these 100 new homes bring $1.4 million in additional local taxes and fees in the first year of construction, and $498,000 every year thereafter, for a total of $5.9 million over 10 years.
By creating jobs and generating taxes and wages, housing proves time and again that it is vital to local and state economies and the effects last long after the first family moves in. This is especially important to remember in today's market and why we need to keep the housing market moving. Visit the rest of our site to see why S&S Homes is the perfect builder for you.