When a new 55+ community is built, its impacts on the surrounding community include income and jobs for other residents of the community, as well as tax and other revenue for local governments in the area.

NAHB's Housing Policy Department has developed a model to estimate these local economic benefits. The model captures the following:

1. Effect of the construction activity itself
2. Ripple impact that occurs when income earned from construction activity is spent and recycles in the local economy
3. Ongoing impact that results from new homes becoming occupied by residents who pay taxes and buy locally produced goods and services

View the 55+ housing economic impact models here.

For more 50+ research resources vist www.nahb.org/50plusresearch and the 50+ Housing Channel.