Did You Know?
What you probably didn't know about the Montana building industry...
Did you know that the housing market makes up 18% of Montana's State Economy?
Housing accounts for a larger percentage of the economy here than it does in all but 5 states.
Did you know that the average MBIA Builder employs 7 people?
And the economic benefits don't stop there. MBIA has over 1500 small business members that supply goods and services to builders. Many of these small businesses are locally owned and they all pay a great deal in local and state taxes.
Did you know that Montana Builders pay employees an average of $34,000 per year?
That is over $4,000 more than the average Montana worker. Additionally, many MBIA members offer full benefits and paid vacation to employees.
Did you know that 40% of Montana's new homes cost less than $250,000?
Houses affordability is a problem all over the nation, and Montana is no exception. Though 68% of Montanan's currently own their own home, and Montana homebuilders continue to build a large amount of affordable houses.
Did you know Over 6,200 new homes were built in Montana in 2007?
Home building in Montana is small business, but there sure is a whole lot of it. Home construction is the biggest economic driver in many of Montana's communities.
Did you know that the Homebuilding Industry is responsible for creating 21,000 jobs each year?
Building homes is a big responsibility, and it takes a lot of hands to get it done, which is why MBIA members employ a workforce bigger than the population of Kalispell.
Did you know that homebuilding contributes over $34 million per year in local tax revenue?
New homes pay higher taxes than existing homes, and with 6,200 new homes being built each year local governments are big beneficiaries of new construction. That tax revenue is money that helps fund firemen, policemen, teachers, as well as things like road improvements and parks.
Did you know that homebuilders pay over $740 Million in salaries across Montana each year?
That is money that is spent and re-spent in Montana communities. The reach of the homebuilding industry stretches much further than just your front door.
Did you know that homebuilding contributes over $2.4 Billion to Montana's economy each year?
By some accounts, construction is Montana's biggest economic force. By any account $2.4 Billion is quite a bit of money-but it is even bigger when you consider that Montana has a population of less than 1 million people.