New housing construction has always had a positive impact on our economy. The effects reach across many different sectors from home loans to creating new jobs and supporting our communities thru tax revenue.
The home loan sector supports growth in many areas. Investors are able to put funds together that benefit banks, lenders, private parties, buyers, sellers and more. The effect of people being able to borrow money puts real estate brokers to work, house inspectors, appraisal services, lawyers and title companies. Some of these areas are now experiencing growth that opens up opportunity for those who are familiar with these services but have been out of work because of the recession.
NAHB estimates that 3 new jobs are created for each new house that is built in our country. Of those 3 jobs, about half go to the construction industry and the rest to other sectors. Some of the industries impacted the most are lumber, electrical contractors, architects and HVAC. The really good news is most of what goes into a new home is made in the USA not in China or some other overseas country. Manufacturing here at home is a big part of keeping our economy moving forward in 2012 and the years to come.
Tax revenue is a sometimes overlooked aspect of recovery. Houses that are built and sold to families provide revenue that is used in many ways both locally and on a federal level. These tax dollars go to our schools and have impact to our communities. Tax dollars provide jobs at the government and state level. The estimates from NAHB are staggering. They report each new home built will generate a total of $ 90,000 in government revenue. This breaks down to $ 67,000 in federal taxes and $ 23,000 for local and state taxing authorities.
When it comes to getting our economy back on track, putting Americans back to work is the natural order for a solid recovery. Housing is an industry that can help get this done. When our economy is running at a normal pace, housing accounts for about 17% of our GDP. Right now our current rate of construction is approximately 628,000 total homes being built annually. Our typical trend is about 1.7 million new homes being built in a 12 month period. Looking at numbers like that, you can see we have the potential to put 3 million Americans back to work who also contribute to supporting our economy. More than ever, focus needs to be put on our housing industry because of the far reaching impact it has on so many Americans.
House Mortgages provides up to date information on the mortgage industry. We have access to a wide variety of home loan for home purchase,refinance. You will find the specific reverse mortgage to meet your needs at competitive rates.
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GERALD CELENTE – GLOBAL RESET & the Build up to WW3
If there’s one thing that should be clear, it’s that nothing the government or their banking partners have done to solve the economic crisis has been for your benefit. They’ve enriched themselves, yet again, on the backs of the American people.
All the while, they’ve told us that everything is getting better. But anyone who’s paying attention know that nothing of the sort has happened.
We continue to shed jobs. Hundreds of thousands of people are still losing their homes. Personal debt is rapidly approaching 2007 levels. The U.S. government has borrowed more money than what we can ever hope to repay.
The Elite have prepared you for this event with an Electric Smart Meter which has been installed on almost every house in America. Only from my Elite friend will you ever know what has been done to you. Only in my new DVD will you learn these details. No one else will dare to tell you this. Make no mistake. It’s coming.
And when it hits, it’ll make the crisis of 2008 look like a picnic.
We survived that one, barely, but it took trillions of dollars just to stabilize, not fix, the system.
This time around, our creditors and the people as a whole may well lose confidence. And once that is lost, look out, because as Gerald Celente notes, the happenings at Walmart when the EBT system crashed were just a prelude. Imagine that next time around it happens to not just EBT cards, but ATM’s and bank accounts, or that the U.S. dollar itself crashes to such an extent that it is no longer feasible as a mechanism of exchange.
In such a scenario you can fully expect disruptions to food supplies and the normal flow of commerce. The only saving grace you’ll have are the physical assets in your possession – your arable land, long-term food stores, gold and silver, and the post-collapse labor skills you’ve developed. The time to prepare is now or you may well experience the horrific effects to come.
“gerald celente” economy banking bank savings “savings account” sports celebrity culture trends trendy society sheeple superbowl police “police officer” agency fear money cash dollar usd forex 2014 2015 usa america “united states” u.s. debt “stock market” trading “forex trading” “trading platform” loan borrow “credit card” bubble “auto loan” mortgage “real estate” data “made in usa” shopping sale “middle class” “american dream” job employment “elite nwo agenda” gold “cash for gold” “sell gold” bitcoin silver “buy gold” entertainment news media build up to ww3 world war 3 mh17 mh370 maldives sheeple system matrix moral values get mad as hell ukraine russia sanctions brics germany fed iraq israel gaza billionaire alex jones infowars rant bilderberg elite mafia rothschild royal blood line david icke concluded about China wanting the SDR (Special Drawing Right, a type of money for governments), because it is not the US dollar. It is issued by the IMF (International Monetary Fund). China is using its willingness to lend money to the IMF to purchase SDR notes and give the IMF money to bail out Europe in order to obtain more votes in the IMF. Its increase in votes would make China the second largest member of the IMF after the United States.
85 richest people in the world have about as much wealth as the poorest 50% of the entire global population does? In other words, 85 extremely wealthy individuals have about as much wealth as the poorest 3,500,000,000 do. Unless you are independently wealthy, you can forget about going to this conference. A ticket to Davos is going to cost you about ,000, and that is on top of the ,000 that it costs to join the organization.
Needless to say, it is an organization of the elite, by the elite and for the elite.
The government on Tuesday authorized establishment of a committee that will examine ways to eliminate cash from the Israeli economy – the better to prevent citizens from cheating on their taxes. A shopping street in Manchester has banned cash as part of an experiment to see if Brits will accept a cashless society, while all London buses will stop accepting cash payments from next month onwards. Americans are now living in a society that in some cases is more draconian, more invasive and more Orwellian than the dystopian tyranny fictionalized in Orwell’s chilling classic Nineteen Eighty-Four. On almost every front, American citizens are under an equal or greater threat of abuse, control and more pervasive and high-tech surveillance than anything Winston Smith ever faced.
Video Rating: 4 / 5