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Every new house puts £316,000 back into the UK economy

Building House

Building a single house helps to generate £316,000 for the UK economy, according to a report by design and consultancy group Arcadis.

The report, Building Homes – Making Places, said every newly-built house in the UK creates an economic ripple effect, with £250,000 going directly into the economy through job creation and taxes, £53,000 going into businesses through direct spending, and £13,000 going into local communities through increased investment in local services.

“The benefits of building more homes are much greater than previously thought,” said Peter Hogg, a regeneration spokesperson for Arcadis.

“Following the shock election result, government must now work closely in read more >>>

Source:: BusinessInsider.Com

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