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, Colorado, the HBA has published a brochure using data-driven information from NAHB and Summit Economics.
> The Economic Impact of Building a Home in El Paso County
September 2016; Housing & Building Association of Colorado Springs
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
Driving a Vibrant Economy: Housing’s Role in Colorado’s Economic Success
December 2014; Metro Denver Association of Home Builders