BELLINGHAM, Wash. — A study released Monday details the economic impact of home building in Whatcom County.
The report from The Building Industry Association of Whatcom County says home building generates substantial local economic activity, including new income and jobs for residents as well as extra revenue for local government.
They used a model from the National Association of Home Builders to estimate economic benefits, capturing the impact of construction on the local economy, including the impact of the construction phase and the occupancy phase.
The study looked at local one-year impacts of building 767 single-family homes in Whatcom County, which they estimated at more than $200 million in revenue, $37 million in taxes and the addition of about 3,000 jobs.