Housing & the Economy
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 on a biweekly basis, 'Eye on the Economy' is a NAHB e-newsletter featuring economic, demographic, and government policy analysis.
Available by subscription, HousingEconomics.com provides the latest housing forecasts, market trends, in-depth economic analysis, and archival data relating to the housing industry. The highly anticipated forecasting and analysis are provided by NAHB’s Economics Group.
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.
U.S. Census Bureau Construction Statistics
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.
UF Bureau of Economic & Business Research
BEBR produces Florida's official state and local population estimates and projections, economic analysis, transportation studies, and more.