Housing = Jobs
Thank you for visiting the North Carolina Home Builders Association. The benefits of new construction homes are numerous — for both the consumer and the economy.
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 National Association of Home Builders recently released new estimates of the impact that building single-family and multifamily homes has on the U.S. economy that show that building an average single-family home generates 2.97 jobs, measured in full-time equivalents (enough work to keep one worker employed for a year).
The national impacts of building an average single-family home include $74,354 in federal taxes and $36,603 in state and local fees and taxes, for a total of $110,957 in revenue for governments at all levels.