Construction

Stimulus Bill Information

 

The $8000 first time home buyer tax credit included in The American Recovery and Reinvestment Act of 2009 that passed in February has been a huge success, enabling first-time home buyers to realize the dream of home ownership. And, these benefits have spread beyond home buyers to everyone connected to the housing sector - movers, architects, manufacturers, realtors, etc.

All those benefits mean that home sales create jobs. When a home is sold, that single transaction creates jobs in our local communities - from appliance retailers, to home inspectors, to landscapers, to movers, to window treatment contractors - each home sold puts Americans back to work. In fact if the tax credit is just extended, estimates state that it will create nearly 350,000 jobs in the coming year.