Did you know
The construction
of 1,000 single-family homes generates 2,448 jobs in construction and
construction-related industries. Source: National
Association of Home Builders, NAHB 2004 Facts, Figures & Trends
www.nahb.org
The U.S.
workforce is 115 million people strong at 7.1 million
sites. Source: OSHA
www.osha.gov
Construction is
one of the nation’s largest industries with 8.3 million workers. The
number includes 1.6 million self-employed and 6.7 million wage and
salary jobs. Source: U.S.
Department of Labor, Bureau of Labor Statistics
www.stats.bls.gov
Lumber is the primary material used in new homes. A typical
new wood-framed home requires about 15,000 board feet of lumber. Source: American
Consumers for affordable Homes
www.acah.org; National Association of Home Builders Background
On Lumber, Michael Carliner 2003
www.nahb.org
Steel is an
alternative to using lumber for framing a home. Source: Steel
Framing Alliance
www.steelframingalliance.com; BuildingGreen.com
www.buildinggreen.com
More than
100,000 building industry professionals and 1,600 suppliers attend the
annual International Builders’ Show. The industry trade show brings
together the leading builders and top suppliers of the home building
industry. Source: National
Association of Home Builders
www.nahb.org
Bet You Didn’t Know…
- Housing
accounts for about 15 percent of gross domestic product (GDP) in a
typical year.
- There were
1.9 million new home starts in 2004.
- 18 million
new homes and apartment units will need to be built to meet demand
over the next decade
- The
construction of 1,000 single-family homes generates 2,448 jobs in
construction and construction-related industries; approximately
$79.4 million in wages; and more than $42.5 million in federal,
state and local tax revenues and fees
- The
construction of 1,000 multifamily homes generates 1,030 jobs in
construction and related industries; approximately $33.5 million in
wages; and more than $17.8 million in federal, state and local tax
revenues and fees.
- A typical
100-unit project in an average city generates 559 jobs over 10
years, $161.7 million in local income over 10 years and $25.5
million in local taxes and fees over 10 years
- The median
and average prices of new and existing homes more than doubled in
the last two decades of the 20th century.
- New home
sales reached a record of over one million in 2003.
- A typical new
home weighs in at about 339,000 pounds, or more than 150 tons.
- Today’s
average new single-family home is 2,320 square feet, and includes 23
linear feet of kitchen countertops and 19 windows.
- In the first
12 months after purchasing a newly built home, owners spend an
average of $8,905 to furnish, decorate and improve them.
- Remodelers
throughout the country consistently report that the three most
popular remodeling jobs are kitchen remodeling, bathroom remodeling
and room additions.
- Since 1980,
home prices on average have increased around five percent annually
and have never shown an annual loss
- In 1900, 75
percent of urban Americans lived in rented apartments or flats. In
contrast, last year homeownership in the U.S. reached a record high
of 68 percent.
CONSTRUCTION FACTS
- There are approximately
150+ careers involved with building a home
- Construction is one of
the nation’s largest industries with 8.3 million workers. The number
includes 1.6 million self-employed and 6.7 million wage and salary
jobs.
- By the year 2012 there
will be a need for an additional 1.1 million special trades
contractors
