Apartment Industry’s Influence Grows with New Economic Impact Findings
New economic impact data shows that apartments and their residents contribute $1.3 trillion to the national economy. That's 12.3 million jobs in construction, operations, leasing, management and skilled trades, as well as all the local businesses supported by apartments and the millions who live there.
To announce the new data, NAA and NMHC launched the largest ever pro-apartment media outreach campaign on March 10. In conjunction with the national release, more than 40 NAA affiliated associations are telling their local media about apartments’ impact in their cities.
You can view the good news first-hand by visiting the newly revamped NAA/NMHC joint website WeAreApartments.org. While there, you can explore how many jobs and what kind of economic impact apartments support in your Congressional district, state or in the 40 metro areas.
The site includes a unique calculator, Apartment Community Estimator (A.C.E.) that lets you determine the economic impact of a given number of new or existing apartments to any one of 40 metros or 50 states.