Monday, November 15, 2010

Local Homebuilding Boosts Economy

Existing homeowners in Crow Wing and Cass counties are not subsidizing new home construction in the Brainerd Lakes Area, according to the Mid Minnesota Builders Association.

A recent study conducted by the parent National Association of Home Builders says 384 homes built in the area last year will generate more than $38 million in revenue over the next 15 years, compared to $17.6 million in costs.  The builders say local governments net $2.7 million the first year and $1.3 million every year thereafter.

The study considered the benefit of local jobs, income and other taxes generated as a result of those home being occupied.

MMBA President Terry Curtis says the numbers show home builders are a very important player in the overall economic health of the local economy.

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