NATIONAL HOMEOWNERSHIP MONTH
Homeownership Benefits our Community
Tim King, President
North Coast Building Industry Association – NCBIA – www.ncbia.com
After years of decline, homeownership is gaining momentum across the country. According to the latest data from the Census Bureau’s Housing Vacancy Survey the U.S. homeownership rate is 65%. Homeownership endures as the foundation of the American dream, and that’s why the home building industry is celebrating National Homeownership Month in June.
Homeownership builds stronger communities, provides a solid foundation for families and improves the quality of life for individuals in our community. For many, owning a home is a positive step in creating a source of net worth. Home equity for U.S. homeowners continues to rise. Building equity when the value of a home appreciates is one of the significant long-term financial benefits of homeownership. Our community members count on their home equity to fund retirement, their children’s education, and other needs.
Homeownership also increases stability for our area. Homeowners are less likely than renters to move frequently. Locally, homeowners tend to settle in, make friends, get to know their neighbors, and develop a sense of community. A commitment to a community fosters civic participation. Through volunteering, school and church activities, and property maintenance, homeowners contribute to making a strong and healthy neighborhood.
The NCBIA is comprised of a network of craftsmen, innovators and problem solvers dedicated to building homes, enriching our community and boosting our local economy. According to NAHB, the estimated one-year impact of building 1,000 single-family homes generates 2,900 jobs across all U.S. industries (including construction, trade, manufacturing, and professional services), approximately $189 million in wages and more than $129 million in federal, state and local tax revenues and fees.
Every day our members strive to provide safe, decent, affordable housing for families in our community. We are proud to contribute to the American Dream of homeownership. To learn more about the home building industry in our community, visit www.ncbia.com.
We are your local not-for-profit trade association representing member companies involved in all aspects of home building, remodeling, and other aspects of services available to help you in the future as well as more information on the above topic. So, you can see it is for your protection that you use a NCBIA member. If you are unsure that your contractor is a member of the NCBIA or you are looking for a list of NCBIA members, you can visit our website at www.ncbia.com – go to Members and then Member Search, or call 440-934-1090. We also have a job posting board (under the industry tab).
Visit our 24/7 Virtual Parade of Homes!!! Allows you to look at some of our builders’ new homes and communities on your mobile device or computer at your leisure (including our remodelers) We know time is our greatest asset and via our NCBIA Virtual Parade of Homes, we save you time looking for a new home or a community that fits your lifestyle. The Virtual Parade of Homes is open online 24/7. Many of the homes featured in our Virtual Parade host regular open house hours for those consumers who are looking to tour the actual homes. You can click through to builder websites to see what they have to offer.
See us on Facebook and share us!
Homeownership is truly a cornerstone of the American way of life. North Coast Building Industry – Come Build with Us!