The Jobs-Home Ownership Connection

Housing — and the jobs it creates — helps drive the U.S. economy. Learn more about how sustainable home ownership is an integral part of our financial ecosystem.

Questions you may be asking

• Why does home ownership matter to you, your wallet, your community, and the economy?

  Housing is a significant driver of the national economy— it accounts for more than 15% of the gross domestic product. In addition, six of the last eight recessions have ended as a result of robust housing markets; war spending ended the other two recessions. 

   

  It Pays to Support Responsible Home Ownership
  Understand the role that home ownership plays in our economy and the programs that help make it attainable and sustainable for responsible home owners.

   

  Your Mortgage Deduction: Turn Tax Savings into Home Value
  There’s savings to be had when you own a home and take the mortgage interest deduction each year. Here are some smart—and fun—ways to use your accumulated tax savings.

  
  Benefits of Home Ownership
  Being a home owner is more than just having a roof over your head. It offers important social benefits, like higher academic achievement, more cohesive communities, better connected families, improved health and safety, and a stronger economy.

   

• What does home ownership mean to you?

  Tell us on Facebook or join in other conversations.

   

   

   

   

   

• How does home ownership help produce jobs?

  Home ownership is strongly tied to jobs in this country. For every two homes sold, one job is created in this country. In addition, each home purchase generates as much as $60,000 in economic activity over time.

   

  “Jobs and Home Ownership. You Can’t Have One Without the Other” Ad

   

  Jobs and Housing Top Concern for Voters

  A HouseLogic survey finds that jobs and the housing market will be the two most important issues for voters in the 2012 election. More than 54% of respondents said lowering the unemployment rate will be the top issue on their minds when they head to the polls next November, while 27% of respondents thought housing was more important.