Housing is still the most important single asset on the household balance sheet and a crucial investment for the future.
Housing's Direct Economic Impact
Residential construction stimulates the economy directly by generating jobs, wages and tax revenues and indirectly as the demand for goods and services created by the construction of new homes "ripples" through the economy.
Impact of Single-Family Construction The construction of 1,000 single-family homes generates 2,448 full-time jobs in construction and construction-related industries; $79.4 million in wages; and $42.5 million in combined federal, state and local revenues and fees.
Impact of Multifamily Construction The construction of 1,000 multifamily units generates 1,030 full-time jobs in construction and construction-related industries; $33.5 million in wages; and $17.8 million in combined federal, state and local tax revenues and fees.
Although it's difficult to gauge the indirect impact, the direct impact of residential construction on the economy is significant.
(documents received from the Alachua County Building Department)
For additional months or other information, Contact BANCF.
Other Useful Links
Updated daily, 'Eye on Housing" is a NAHB blog featuring economics and housing policy analysis.
Often, policies that increase costs or constrain housing production are made in the absence of complete information. Housing is a highly regulated industry, perhaps the only U.S. industry where a separate permit is required for each unit of production. Moreover, permit approval is under the control of local elected officials whose constituencies are often dominated by owners of existing homes. In the absence of solid information about existing affordability problems, elected officials may make un-informed decisions. Found in this section are reports on the price of building materials, which can show how certain costs that are beyond the control of local home builders are on the rise. The NAHB-Wells Fargo Housing Opportunity Index is a measure of affordability produced quarterly for dozens of different metropolitan areas across the country. Additional information includes the positive economic consequences of home building to counter statements such as “housing doesn’t pay for itself.”
Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.
The U.S. Census Bureau keeps track of different statistics regarding permits, housing units, residential sales, and many others on a monthly basis.
This site has statistics on the population of Alachua County, economy stats, housing units, and many more.
BEBR produces Florida's official state and local population estimates and projections, economic analysis, transportation studies, and more.