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“I get asked all the time ‘Hoq important is housing to the economy?’ ” said Denniss Rogers, senior vice president of the . “oI think that question has now been answeredpretty emphatically. Housing is pretty darn important toour economy. “Wd have studies that show that when you buy a new in the first two years of home ownership youspenxd $7,900 more than you woul d have without that Government collects more salesd taxes in addition to property “In addition, the National Association of Home Builderse has a study that shows that for ever y new home that’s built, two or threwe more full-time jobs are generated.
Costco and and Target do not builf stores in the middleof nowhere. Little restaurants come in. Ther are jobs in the legakl profession, accountants, tax preparers, other elemente in the service professions. So, yes, housing is importang to the economy.”
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