Building Blocks: How Buying or Selling a Home Boosts the Economy and Supports Your Community

If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community.

The National Association of Realtors (NAR) releases a report every year to show how much economic activity is generated by home sales. The chart below illustrates that impact:

As the visual shows, when a house is sold, it can make a big difference in the local economy. The impact comes largely from the workers required to build, update, and buy and sell homes. Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), explains how the housing industry adds jobs to a community:

The economic impact means housing is a significant job creator. In fact, for every single-family home built, enough economic activity is generated to sustain three full-time jobs for a year, per NAHB research. . . . And one job for every $100,000 in remodeling spending.” 

Housing being a major job creator makes sense when you consider there are many different industries involved in the process. A recent article from Fortune notes housing activity could have a more robust impact than you think due to the many ways it’s tied to the economy:

“Housing has three direct linkages to economic activity (GDP): the construction of new homes, the remodeling of existing homes, and that of housing transactions. . . . consider the activity associated with home sales – think broker fees, lawyers, etc. – which are a sizable contributor to housing’s GDP footprint. 

When you buy or sell a home, you work with a team of professionals, including contractors, specialists, lawyers, and city officials. Each person plays a role in making the transaction happen. 

So, when you make a move in the housing market, you're not just meeting your own needs, you're also making a positive impact on the community. Knowing this can give you a sense of empowerment as you make your decision this year.

Bottom Line

Each and every home sale is important for the local economy. If you’re ready to move, let’s connect. It won’t just change your life – it’ll also have a strong positive effect on the whole community.

337 Properties
Page 1 of 29
$600,000
Neighborhood: Sorrento Bayside
3
Beds
2
Baths
1,810
Sq.Ft.
1996
Year Built
1
Day on Site
N6132483
MLS
Open 4/21
508 Pine Rd Nokomis,  FL 34275
$625,000
Neighborhood: Bay Point Corr Of
3
Beds
2
Baths
1,698
Sq.Ft.
2002
Year Built
1
Day on Site
U8236562
MLS
$6,890,000
Neighborhood: Casey Key
4
Beds
6F11/2
Baths
4,325
Sq.Ft.
1970
Year Built
1
Day on Site
A4604908
MLS
Open 4/21
589 Maraviya Blvd Nokomis,  FL 34275
$1,250,000
Neighborhood: Toscana Isles Ph 6 Un 2
3
Beds
3F11/2
Baths
2,788
Sq.Ft.
2022
Year Built
1
Day on Site
A4607816
MLS
Open 4/21
178 Princess Ave Nokomis,  FL 34275
$255,000
Neighborhood: Kings Gate Club Mhp
2
Beds
2
Baths
1,320
Sq.Ft.
1985
Year Built
2
Days on Site
A4607528
MLS
Open 4/21
15165 Vivaldi Dr Nokomis,  FL 34275
$849,900
Neighborhood: Bellacina By Casey Key Ph 3
3
Beds
2
Baths
1,888
Sq.Ft.
2019
Year Built
2
Days on Site
A4607330
MLS
$2,900,000
Neighborhood: Acreage & Unrec
6
Beds
5F11/2
Baths
6,305
Sq.Ft.
2007
Year Built
2
Days on Site
A4607630
MLS
$429,900
Neighborhood: Laurel Pines
3
Beds
2
Baths
1,688
Sq.Ft.
1996
Year Built
2
Days on Site
R4907803
MLS
$449,000
Neighborhood: Laurel Hollow
3
Beds
2
Baths
1,480
Sq.Ft.
1991
Year Built
3
Days on Site
N6132403
MLS
$575,000
Neighborhood: Vicenza Ph 1
3
Beds
2
Baths
1,683
Sq.Ft.
2022
Year Built
4
Days on Site
A4607240
MLS
$225,000
Neighborhood: Citrus Highlands
3
Beds
2
Baths
1,362
Sq.Ft.
1979
Year Built
4
Days on Site
T3517395
MLS
$390,000
Neighborhood: Toscana Isles Carriage Homes P
3
Beds
2
Baths
1,661
Sq.Ft.
2018
Year Built
5
Days on Site
A4606943
MLS

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