7. April 2011 06:36
When I think of April, I think of Spring, Easter, warm weather, pretty much anything but new homes. The housing industry thinks new homes are worthy of their own month for a couple of good reasons. There is a huge link between new home building and the health of the US economy. Historically, 17% of the Gross Domestic Product is tied to the new jobs and income, purchase of goods and services, and revenue for local governments generated by new residential construction. The employment effects are 50% in construction and 50% in other industries. The income earned is spent and recycled in the local economy. The bottom line is new homes strengthen the economy year round. I guess they can have April too.
Read more on the impact of new housing on the economy here: http://rismedia.com/2011-04-06/new-homes-strengthen-economy-year-round/
Marc Austin Highfill
Exit First Realty
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