Mission

The Home Builders Association of Fayetteville’s mission is to serve, advocate, and promote the local building and development industries while fostering unity between members, government and the community.

Vision

The HBAF’ s vision is to be a vital business investment for its members.

THE IMPACT
Of The Housing Industry Economy

The housing sector is the LARGEST US industry, adding $3.2 trillion to the GDP annually and representing 13% of the total output. The housing sector means jobs, opportunity, and growth for every community in every state. Individuals, businesses, and community organizations cannot succeed without it.

Building Homes, Enriching Communities, Changing Lives

To the right is a snapshot of why the housing industry matters to people across the United States.

394

Jobs

Direct jobs created for every 100 houses built

$3.6M

Revenue

Taxes and revenue income for local governments

$28M

Income

Local income per 100 houses built

70

Indirect Jobs

Indirect jobs supported for every 100 houses built

Eye on the Economy

Nearly Two-Thirds of Homes Started in 2021 are in Community Associations

According to data from the Census Bureau’s Survey of Construction (SOC), 65.5 percent of single-family homes started in 2021 were built within a community or homeowner’s association. Since the re-design of the SOC in 2009, this was the second highest percentage for new homes started with an association. The Census Bureau defines community or homeowner’s associations as “formal legal entities... Read More ›

Eye on Housing

Further Downshift for the Fed

Further downshifting its pace of tightening of monetary policy, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 25 basis points, increasing that target to an upper bound of 4.75%. This marked a smaller increase after four previous 75 basis point hikes and a decelerated 50 basis point increase last December. While not the end of... Read More ›