The home building industry is celebrating New Homes Month in April,
just as many families begin to think about buying a home that better suits their needs during the spring home-
buying season. The advantages of
newly-constructed homes and condominiums extend beyond the features enjoyed by the home buyer to
also support the community itself.
“Not only do new homes feature modern floor plans and superior energy efficiency for the family to enjoy, but they also increase the property
tax base which generates revenue that supports local schools and
communities,” said PBA president Warren Peter.
The National Association of Home Builders (NAHB) estimates that three jobs
are created for each new single-family home that is built, with about half
being in the construction industry and the rest in other industries that are
needed to outfit and sell a home such as furniture, appliances, textiles, loan officers and lawyers. A total of $ 90,000 in government revenue is generated — $67,000 in federal taxes and
$23,000 in state and local taxes.
“Additionally, income that is earned from construction activity is spent and recycled in the local economy,
and the new homes that are built are occupied by residents who pay
taxes and buy locally produced goods and services. Those tax revenues
help pay for a wide range of government services, including local school
teachers, police departments and road repairs. The trickle-down effect that the industry generates is incredible, said Peter.”
A newly-constructed home or condominium offers outstanding benefits
to the home owner as well as
to the community. The energy-efficient features that are often included in new homes such as tankless water heaters, ENERGY STAR
appliances and HVAC systems make the home more comfortable and can
save the home owners significant money over the long term.
New home floor plans are designed with modern lifestyles in mind, andinclude open layouts, high ceilings, walk-in closets and conveniently-located laundry and home officeaccommodations. New homes arealso wired to safely accommodatethe usage of modern appliances andtechnology home components suchas high-definition televisions, andsophisticated lighting, audio andsecurity systems.
To learnmore , visit pabuilders.orgor contact your local home buildersassociation.