The Ripple Effect of Building a Home
The impact of home construction on the local economy and economic contributions is measured through jobs, associated payroll and economic output. Each year the industry builds new homes to accommodate our growing population and the year-over-year recurring effect magnifies the overall economic impact.
In order to help consumers understand the real cost and impact of new home construction in El Paso County, the HBA of Colorado Springs has published a brochure using data-driven information from NAHB and Summit Economics. This publication is presented in a way that is informative yet easy to understand.
See the full brochure
This page offers the following supplemental information for those who are interested in taking a deeper look at the data behind the brochure.
Selected Economic Considerations and Impacts of New Home Construction in Colorado Springs, Colorado
August 2016, Summit Economics, LLC
Government Regulation in the Price of a New Home
A Special Study for Housing Economics
May 2016;Selected Economic Considerations and Impacts of New Home Construction in Colorado Springs, Colorado
The Metro Area Impact of Home Building in El Paso County, CO
Income, Jobs, and Taxes Generated
June 2016; National Association of Home Builders
New Home Cost by Component as a Percent of Purchase Price
National Association of Home Builders, Summit Economics, LLC