Posts Tagged ‘Real estate economics’

New homes stimulate our economy, create jobs for many

News about the economy is everywhere and seems to change daily. One constant though is the correlation between job creation and home buying. People need good, stable jobs with regular income to feel secure enough to buy a home.

In that regard, did you know that purchasing a newly built home not only creates jobs, but more sales for local merchants, more restaurants staying open with bigger tips for your wait person, more cars sold in your community and more gas pumped into those cars from the local gas station. Your purchase also adds tax revenue to local, state and federal governments. That’s a very positive effect for your community.

The National Association of Home Builders estimates that for each new home built, three jobs are created. And, the study shows the one-year local impact of building 100 single family homes generates $21.1 million in local income, $2.2 million in taxes and local government revenue and 324 local jobs.

When you purchase a new home, you help build a community that fits your needs and those of your family. Right now housing affordability during the second quarter of 2011 is near its highest level in more than 20 years.

Affordability, community, economic and job stimulation–all great reasons to purchase a new home now.