Homeownership is the Foundation of the American Dream.
• For many people, owning a home is part of their American Dream. Homeownership builds stronger communities, provides a solid foundation for family and personal achievement and improves the quality of life for millions of people. It is truly the cornerstone of the American way of life.
• Most Americans consider homeownership to be the single best long-term investment and a primary source of wealth and financial security. Countless generations of Americans have counted on their homes for their children’s education, their own retirement and a personal sense of well-being.
• Yet, a home is so much more than an investment. In good times and in bad, the opportunity to own a home has been a cherished ideal and a source of pride, accomplishment, social stability and peace of mind.
• Changing housing policy now to make owning a home more expensive is unfair and would hurt those that have played by the rules and made the sacrifices to get where they are now.
• It would harm millions of Americans who are struggling to make their monthly mortgage payments and those who aspire to one day own a home of their own.
Homeownership is a Major Driver of the U.S. Economy
• The nation’s housing and homeownership policies over the last century have contributed to the growth of the middle class and helped the United States become the most dynamic economy the world has ever seen.
• Fully 15 percent of the U.S. economy relies on housing and nothing packs a bigger local economic impact than home building.
• Constructing 100 new single-family homes creates 297 full-time jobs, $28 million in wage and business income and $11.1 million in federal, state and local tax revenue.
• A healthy housing industry means more jobs and a stronger economy. Home building increases the property tax base that supports local schools and communities.
• Housing, like no other sector, is “Made in America.” Most of the products used in home construction and remodeling are manufactured here in the United States.
The National Association of Home Builders (NAHB)
The National Association of Home Builders (NAHB) helps its members build communities. Each year, NAHB’s members construct about 80% of the new homes built in the United States, both single-family and multifamily.
Since it was founded in the early 1940s, NAHB has served as the voice of America’s housing industry. We work to ensure that housing is a national priority and that all Americans have access to safe, decent and affordable housing, whether they choose to buy a home or rent.
Achieving that goal is increasingly difficult in today’s contentious and unsettled political and financial environment, one in which the concept of homeownership as a national priority is very much under attack. NAHB champions laws and regulations designed to reverse this dangerous course that will drive down the value of the nation’s housing stock, drive up the cost of rental housing, and threaten the economic recovery.
For more information on NAHB, ask me or visit nahb.org
And when you are ready to design and build your American Dream Home, contact us.