Owning your own home is not only beneficial to you; it also helps create jobs and stimulate the economy. According to statistics by the National Association of Home Builders and the National Association of Realtors, home building generates income and jobs for local communities and revenue for local governments. Additionally, home building funds local schools and education, police and fire protection, and other public services such as parks and trails to support the new home communities.

Did you know?

• Home ownership has a significant impact on net worth, educational achievement, civic participation, health, and overall quality of life. And, home ownership helps create jobs—lots of them—right here in Colorado Springs.
• According to the National Association of Home Builders, building 100 single-family homes in a typical metropolitan area generates: $21.1 million in local income, $2.2 million in taxes and other revenue for local governments, and 324 local jobs. These jobs are generated in the industries that produce and distribute lumber, concrete, lighting fixtures, heating equipment and other products that go into a home. Additional jobs are generated for professionals such as architects, interior designers, retailers, lawyers, lenders, real estate agents and others who provide services used by homebuilders.
• The National Association of Realtors reports that for every two (resale) homes sold, 1 job is created in your local community.
• The National Association of Home Builders reports that for every one new home sold, 3.2 jobs are created in your local community.
• NAR estimates that each resale home purchase generates as much as $60,000 in economic activity in a community.
• Additionally, for every new-home sale, nearly $28,000 more is added to that because of spending on materials and labor for construction.
• The wages and salaries earned in the jobs generated by home building are subject to income and Social Security taxes. Profits earned by owners of the businesses are similarly taxed. Beyond this, states often impose sales taxes on materials sold to homebuilders, and many local jurisdictions levy fees for approving building permits, extending utility service and for school-related or other impacts attributed to residential construction.
• Homebuilders contribute considerably to their communities.  Homebuilders building new homes in Falcon School District 49 have been voluntarily giving $1500.00 for each new home building permit pulled to the Falcon, Colorado School District to offset the costs of running the district and new facilities.
• Developers contribute considerably to their new home developments like Cordera and Meridian Ranch by voluntarily setting aside the land for future schools and community, city, and county parks.
• Not only does owning a home contribute to the strength of the nation’s economy but it is also one of the best ways for individuals to build long-term wealth.
• Tax season is underway and American homeowners are once again enjoying the benefit of the mortgage interest deduction. The ability to deduct the interest paid on a mortgage can mean significant savings for these homeowners. For example, a family who bought a home last year with a $200,000, 30-year, fixed-rate mortgage, assuming an interest rate of 4.5 percent, could save nearly $3,500 in federal taxes when they file this year.
• Although inventory levels have been elevated in recent months, if new home construction continues to decline over the next year or two, a housing shortage is highly possible by 2012 due to decreased annual production in new homes of 600,000 units and a U.S. annual population growth of approximately 3 million people per year.  This housing shortage will most definitely create a sellers market with increased home prices.

If you are ready to seriously talk about taking advantage of the best time in America’s history to purchase a new Colorado Springs home and to take advantage of historically low interest rates as well as incredible pricing on a new home in Colorado Springs, consider Campbell Homes.   Our communities are located in the finest locations and master planned Colorado Springs Communities with excellent community amenities and the best schools in Colorado Springs.

To find out more information on purchasing your stylish and comfortable NEW Campbell Home with peace of mind, visit any of our Colorado Springs locations. Priced from the low $200s, Campbell Homes’ models are open daily to 5 p.m.  Or, for additional information visit our virtual sales office at www.CampbellHomes.com.