Does Housing Pay for Itself?

Dr. Elliot Eisenberg, senior economist for the National Association of Home Builders (NAHB), found that new home construction in St. Louis and St. Charles counties bring in almost $1 billion in local income, over $130 million in local taxes and creates thousands of local jobs … and that’s only using data from 2008!

Revenue to local governments from new housing minus costs for the additional services and infrastructure (if financed through bonds) generates an operating surplus in the first year of construction! If the surplus is used to pay off the infrastructure debts, local governments will have positive net revenues in less than 10 years!

To find out more, download Dr. Eisenberg’s economic impact studies for St. Louis County and St. Charles County.

St. Louis County Study

St. Charles County Study

During a 2-day tour, Dr. Eisenberg shared the study’s results with community and business leaders in the St. Louis metro area.

If you have any questions about the study, please contact Dr. Eisenberg directly at eeisenberg@nahb.com or 202-266-8398.