The 2012 study on how the housing industry plays such an important role in Colorado’s economy was presented January 19th at The Denver Foundation. The audience included nonprofit and for-profit home builders, community development corporations, financing entities, foundations and government agencies. The study summary included these astonishing statistics:
The data in the study indicates that in year-one, the economic impacts of building single and multifamily homes market rate and affordable homes in Colorado provides $1.93 billion in income for Colorado residents, $513 million in taxes and other state and local revenue and more than 28,000 jobs in Colorado. Dr. Eisenberg estimated the annually recurring impact beyond the first year is over $335 million in income, $96 million in taxes and 4,968 jobs.
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