NJBA Keeps Builders and Remodelers Working
For over 75 years, the New Jersey Builders Association (NJBA) has been the building and remodeling industry’s voice in Trenton promoting pro-housing proposals and commenting on other initiatives that may affect the availability and affordability of housing and remodeling.
Click here to read a summary of NJBA’s main legislative, regulatory, and legal achievements over the last year that helped your business.
Housing is a Key Element in the Economy
Construction of 100 new single-family homes in a typical metro area generates:
- 394 local jobs
- $28.7 million in local wage and business income
- $3.6 million in taxes and other revenue for local government
Construction of 100 multifamily units has a similar impact on the local economy. It generates:
- 161 local jobs• $11.7 million in local wage and business income
- $2.2 million in taxes and other revenue for local government
Every $10 million in remodeling expenditures yields the following economic benefits:
- 115 local jobs
- $8.4 million in local wage and business income
- $710,000 in taxes and other revenue for local government
