Coinciding with the peak of the Spring home buying season, and kicking off the busy Summer home buying season, June is once again National Homeownership Month. In this article from Builder, Tom Woods, Chairman Of The Board for the National Association of Home Builders (NAHB), highlights the advantages of homeownership for families, for communities, and for our national and local economies.
Owning a home provides families with a sense of security and well-being. It also can help create wealth and provide financial security. For many, owning a home is a cherished dream – one they will work hard to fulfill. When they do purchase a house, these families often are committed to improving their neighborhoods and the community.
Homeownership also boosts the local and national economy by creating jobs and generating revenues for government. Construction of 100 new homes creates almost 300 jobs, generates $28 million in wage and business income, and produces $11.1 million in revenue for state, local and federal governments.
