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July 10, 2013 - Olympia Master Builders (OMB) Executive Officer Laura Worf discussed the important role the housing industry plays in a healthy local economy. The building industry generates good paying jobs and tax revenues for cities and counties. In 2012, the 312 homes built in Thurston County created 1107 local jobs and generated $65.8 million in local income and $11.2 million in taxes and other revenues for local governments. Those homes will continue to generate revenues year after year. 

 

OMB’s mission is to keep housing affordable in our local area. Keeping costs low for building a new home (including impact fees for infrastructure improvements), ensures that more people will be able to purchase a home. Worf said that the revenues generated for construction and the ripple effect of new residents in the first year alone far outweigh what jurisdictions gain in impact fees. 

 

OMB members come from all segments of businesses involved in housing construction, and includes suppliers to the construction industry, aftermarket suppliers such as home furnishings and flooring, and real estate.

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