The Home Builders Association of Fayetteville’s mission is to serve, advocate, and promote the local building and development industries while fostering unity between members, government and the community.
The HBAF’ s vision is to be a vital business investment for its members.
The housing sector is the LARGEST US industry, adding $3.2 trillion to the GDP annually and representing 13% of the total output. The housing sector means jobs, opportunity, and growth for every community in every state. Individuals, businesses, and community organizations cannot succeed without it.
Building Homes, Enriching Communities, Changing Lives
To the right is a snapshot of why the housing industry matters to people across the United States.
Direct jobs created for every 100 houses built
Taxes and revenue income for local governments
Local income per 100 houses built
Indirect jobs supported for every 100 houses built
The Census Bureau’s Quarterly Summary of State & Local Tax Revenue shows a 1.3% increase in property taxes paid, rising from $769.2 to $778.9 billion (SA, trailing four quarter sum) in the fourth quarter of 2023. Total annual state & local tax revenue was $2.039 trillion, also 1.3% higher than 2022. The 1.3% quarterly increase...