Housing = Jobs
[NCHBA] Consumer Benefits of New Construction:
- Even though new homes tend to be larger, energy costs are about 10 percent lower in new homes compared to existing homes.
- Maintenance costs on average were 56 percent lower in new homes; $547 a year for all single family homes versus $241 for homes built after 2008.
- New homes feature floor plans that suit modern lifestyles, with open space layouts, high ceilings, large windows and design features such as information centers in kitchens, laundry rooms located near bedrooms, walk-in closets and pantries and mudrooms for convenience and comfort. Find the most popular features in 2014
- Today’s new homes are built with environmentally-friendly features such as energy-efficient tankless water heaters, Energy Star appliances, HVAC systems, insulation and windows and doors that make the home more comfortable and can save the home owners money over the long term.
Community and Economic Benefits of New Construction:
The estimated one-year local impacts of building 100 single-family homes in a typical metro area include:
- $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 impacts of building 100 single-family homes in a typical metro area include:
- $3.1 million in local income,
- $743,000 in taxes and other revenue for local governments, and
- 53 local jobs.
HOUSING = JOBS
*Article originally posted on NCHBA website.