Local Economic Impact of Home Building – from NAHB
New Local Economic Impact Reports on the home building industry in the Denver Metropolitan Area now available
Home building generates substantial local economic activity, including new income and jobs for residents, and additional revenue for local governments. The National Association of Home Builders, in partnership with the HBA of Metro Denver has developed two reports that provide estimates of these economic benefits to local governments and the regional economy here in the Denver metropolitan area.
The reports capture the effect of the construction industry itself, the ripple effect that occurs when income earned from construction activity is spent and is recycled within the local economy, and the ongoing impact that results from new homes becoming occupied by residents who pay taxes and buy locally produced goods and services.