Thursday, June 29, 2017
- by Mike Croxall, president, Home Builders Association of Greater Chattanooga
While much attention has been placed on the record number of young adults who are delaying homeownership, recent research shows that 70 percent of Americans still believe that owning a home is an essential part of the American Dream.
The nationwide survey of more than 11,300 registered voters was commissioned by the National Association of Home Builders, and was conducted Feb. 14-18, by the polling firm Morning Consult.
Homeownership endures as the foundation of the American dream, and thats why the home building industry is celebrating National Homeownership Month in June.
The benefits of owning your own home are numerous for you and for your community. You build financial strength and emotional well-being for you and your family, and at the same time, as a home owner, you promote increased stability for the surrounding community.
Financial Benefits: Building equity and accruing wealth when the value of your home appreciates are among the longer-term financial benefits of homeownership. The home equity you build increases your net worth.
Then, once a year at tax time, you get a reminder of another advantage of owning a home.
American home owners saw ...