Most Americans consider homeownership to be the single best long-term investment and a primary source of financial security. According to a recent Gallup survey, more than a third (37%) of Americans say real estate is the best long-term investment, compared to other assets. Homeownership endures as the foundation of the American dream, and that’s why the home building industry is celebrating National Homeownership Month in June.
Homeownership builds stronger communities, provides a solid foundation for families and improves the quality of life for individuals in our community. For many, owning a home is a positive step in creating a source of net worth. Home equity for U.S. home owners continues to rise. Building equity when the value of a home appreciates is one of the significant long-term financial benefits of homeownership. Our community members count on their home equity to fund retirement, their children’s education and other needs.
Homeownership also increases stability for our area. Home owners are less likely than renters to move frequently. Locally, home owners tend to settle in, make friends, get to know their neighbors and develop a sense of community. A commitment to a community fosters civic participation. Through volunteering, school and community activities, and property maintenance, home owners contribute to making a strong and healthy neighborhood.
Your local home builders association is comprised of a network of craftsmen, innovators and problem solvers dedicated to building homes, enriching our community and boosting our local economy. According to NAHB, the estimated one-year impact of building 1,000 single-family homes generates 2,900 full-time jobs and generates $110.96 million in taxes and fees for all levels of government to support police, firefighters and schools, according to NAHB’s National Impact of Home Building and Remodeling report.
Every day our members strive to provide safe, decent, affordable housing for families. We are proud to contribute to the American Dream of homeownership. To learn more about the home building industry in our community, click .