According to recent NAHB studies, the estimated one-year local impact of building 100 single-family homes in a typical metro area amounts to:
$21.1 million in local income
$2.2 million in taxes and other revenue for local governments, and
324 local jobs
The additional, annually recurring local impact of building those homes amounts to:
$3.1 million in local income
$743,000 in taxes and other revenue for local governments, and
53 local jobs
The complete “typical metro” study includes more detail (such as local jobs by industry and impacts for remodeling and multifamily construction), and explains the relatively conservative methodology NAHB uses to estimate the economic benefits of home building. This helpful resource can be printed or downloaded instantly by any NAHB member. Also available instantly and at no cost on the same web page is a companion study that shows how much new housing costs local governments in a typical metropolitan area, and how quickly new housing pays for itself.
Click here to visit The Local Impact of Home Building page on the NAHB website.