How’s this for a startling statistic: Economists from the National Association of Home Builders (NAHB) estimate that every $1 billion in remodeling and home improvement activity generates 11,000 jobs, $527 million in wages and salaries and $300 million in business income.
That’s quite an estimate. And one that President Obama, who in Savannah, Ga., recently, outlined a $6 billion proposal to provide homeowners making energy-saving home improvements with cash rebates, agrees with.
According to Nation’s Building News Online, “administration officials estimate that up to four million households could benefit from the program, officially known as Homestar, but dubbed “Cash for Caulkers” by many in Congress and the media.”
“This has the potential to be a real shot in the arm for the home building industry,” said NAHB Chairman Bob Jones. “It would help put America back to work and it will help families save on monthly energy bills.”