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.
The HBAF’ s vision is to be a vital business investment for its members.
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.
Direct jobs created for every 100 houses built
Taxes and revenue income for local governments
Local income per 100 houses built
Indirect jobs supported for every 100 houses built
According to data from the Census Bureau’s Survey of Construction (SOC), 67.1 percent of single-family homes started in 2020 were built within a community or homeowner’s association. This is a record high for the association percentage since the re-design of the SOC in 2009. The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common... Read More ›
The last month of mortgage purchasing and refinancing activities, as reflected in the Mortgage Bankers Association’s (MBA) latest weekly application surveys1, shows a rise in purchase applications and a decrease in refinancing as compared to the prior month’s activity. The 30-year fixed-rate mortgage rate increased, averaging close to 3.15 percent for the month, and was 3.2 percent in the latest... Read More ›