The Impact of New Homes in the Local Market

Did you know that it takes an average of 22 contractors to build a new home? Can you imagine the impact that has on the local economy? Let’s take a look at that for a moment.

New homes mean employment.
As the contractors earn the work of building these homes, they need labor to make it happen. This brings work not only to the construction crews, but to the employees at the materials yard, the restaurants the crews patronize over lunch breaks, and even the gas stations where they fill their tanks to get to and from the job site.

New homes bring commerce. When a new development is started, plans include commercial buildings to accommodate the growth. Grocery stores, shopping centers, exercise facilities and restaurants will all move to the neighborhood to make living a little more convenient for the new community.

New homes bring services. What is a community without a local library, schools, and a fire department? In order to serve the new neighborhood and keep it thriving, all of these services must also move in. And where there are more services, there are more jobs. It’s a beautiful cycle.

As Denver continues to grow at a historic rate, these new homes are a vital part of our city’s economic growth as much as they are necessary. With an increase in population, the addition of inventory helps not only the real estate market but also the economic development of our city.

All in all, as we build more, we employ more, and more money is available to be flushed back into our local economy. That tax revenue continues to support the community and keep it thriving for years to come.

Do you know of someone looking to buy a new home? I would be flattered by your referral. Call today! 303-912-1478

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