New Homes in Carlsbad Help Improve Our National Economy

Buying new homes in Carlsbad, CA has had a huge positive impact not only in the local economy, but also in the national economy. For the past 2 years, housing has contributed to more than 15% of GDP in the U.S.A.

Housing has contributed to the GDP through residential investments such as as home building and renovation, housing services such as rent, utility payments, and more. According to the National Association of Home Builders (NAHB), housing also indirectly impacts consumer spending, since homeowners enjoy an increased access to credit or income which they can use to purchase more goods and services.

The NAHB provides an estimated calculation of how building 100 new single-family homes in a typical metro area directly affects the local economy:

One Year Impact - Private Local Income Earned: $28.7 million, Government Revenue Generated: $3.6 million, Local Jobs Required: 394, Private Local Income Earned: $4.1 million, Government Revenue Generated: $1.0 million, Local Jobs Required: 69.

Using this calculation, this means that for the 530 new homes built in Carlsbad’s 15 communities in 2015, $152 million was added in private local income and 2,088 new local jobs were created. This is just based on the estimated calculation for the national average. Carlsbad’s actual figures would be even higher.

Of the 530 new homes in Carlsbad, 97 were attached homes/condos. Most of the medium to large developments in Carlsbad have a few single story Carlsbad homes for sale, but supply is limited while demand is very high and these homes get sold really quickly.

To further boost the thriving housing market, two major developments are coming to Carlsbad in 2016.

The Toll brothers started selling 100 detached homes at The Vistas and Robertson Ranch and will continue through 2016.

Toll Brothers will have 3 more developments coming in phases with 198 detached homes at Robertson Ranch, The Bluffs, The Ridge, and The Terraces.

Cornerstone will be coming in this year with 293 homes and condos at Old Creek Trails (previously known as The Preserve).

This is still a relatively small number of homes compared to the 1,880 homes for sale in Carlsbad in 2015.

All this means that homebuyers have a huge positive impact on the country’s economy. The more new homes bought, the more jobs are created and the more revenue for the local and national economy.

New homes for sale in Carlsbad can be purchased directly from the developers. Buyers can get the help of an experienced and knowledgeable Realtor like Dennis Smith of RE/MAX BY-THE-SEA for absolutely free. Dennis Smith gets paid from the builders marketing budget, thus not reducing and builders’ incentive for the buyer.

One important thing to note is the “Threshold Rule,” meaning the buyer must be with their Realtor during their first visit to the onsite office of the builder, otherwise the builder will not pay for the agent’s commission and the buyer will have no representation.