Coffee With The Chamber

3501 Inverarry Blvd,Lauderhill FL 33319

17 February, 2022

Description

Consider the economic contribution a new apartment community makes to its neighborhood. Register to attend the discussion on February 17th This event offers the opportunity to network among like business professionals that will discuss the effect of appartment communities on the national and local economies. The effect extends far beyond the construction stage. A study sponsored by the National Multi Housing Council (NMHC) and the National Apartment Association, illustrates multifamily’s gross domestic product, both across the nation and in the neighborhood. Economic Impact: Construction - Multifamily construction contributed $42.5 billion to the ­national economy, and construction spending spurred $12.7 billion in personal earnings, while supporting roughly 324,000 jobs, in 2011.Operations - the industry spent $67.9 billion on apartment operations in 2011. And that spending ­directly supported local employment and business ­activities across four main categories: utilities; repairs and maintenance; management; and building services, including materials and labor costs.Consumers - resident spending on goods and services produces an economic contribution nearly 21 times greater than construction contribution. Apartment residents spent a significant portion of those available dollars on housing, food, and transportation—their three largest expenditures—followed by utilities, fuels, and public services; apparel and services; and entertainment. Roughly 70 percent of the dollars residents spent on those items stayed within the local economy.Consider the economic contribution a new apartment community makes to its neighborhood. Register and participate in the discussion on Thursday, February 17th