HOME BUILDING DELIVERS POWERFUL IMPACT ON BUFFALO-NIAGARA’S LOCAL ECONOMY
Employment, local businesses, and tax dollars benefit from the home construction industry. BUFFALO, NY—The home building industry has been working diligently for nearly two years to keep up with the intense demand for new homes throughout the country. The Buffalo-Niagara region is no exception. More than providing residences, the addition of homes to the region is demonstrating short- and long-term benefits, according to a current economic study. Dr. Elliot Eisenberg, an internationally recognized economist, analyzed the depth of the impact that new homes contribute to the local economy. According to Dr. Eisenberg’s study, the residential construction industry accounts for 4,202 jobs in the region, making it the fifth largest employer, larger than Wegmans Food Markets, General Motors, and GEICO. “This total number is disbursed around town in various companies, so no one appreciates how big the overall enterprise is,” explains Dr. Eisenberg, who was formerly the Senior Economist for the...