From a professional standpoint, it’s easy to get wrapped up into the kind of numbers that tell the story of the work we do at The True Life Companies. It’s easy to take an interest in those details, because we’re passionate about the communities we serve and the role we play in bringing prosperity to new residents, and to local business owners and their employees.
We know that homebuilding results in robust economic benefits. Finance, insurance, greenhouses, utilities, restaurants, general merchandise, grocers, appliances, transit, doctors and health care services, childcare and household goods are just a few examples of how a local economy can thrive.
In fact, a 2015 report by the National Association of Home Builders estimated that the construction of 100 single-family homes can generate as much as $30.4 million in income for residents, $6.1 in taxes and the creation of more than 400 jobs.
However, the impact felt by families and community tell a story that’s far bigger than these numbers. It’s the story of the American dream. Of moving vans pulling up to a new home. Families gathered around a table at breakfast. Kids playing in the park. Couples relaxing on their balcony or taking a walk to the nearby coffee shop or the bookstore. It’s about taking an under-utilized commercial property and updating it to a residential use, thus bringing new life to an existing neighborhood. It’s about building a sense of belonging where people can celebrate holidays and birthdays and graduations – every event, no matter how ordinary or grand speaks to heart of our greater purpose here at The True Life Companies.
It’s why we do what we do. And it’s why we are inspired every day by the communities we serve.
Want to read more about that report? Visit https://www.nahb.org/research/housing-economics