June is National Homeownership Month, and at the U.S. Department of Agriculture we’ve spent the past few weeks highlighting the role housing plays in our small towns and rural communities.
With 50 million Americans living in rural America, access to quality, safe housing is an important factor to a high quality of life – and as homeownership in a community increases, there are also significant economic benefits.
By some estimates, the sale of an existing median-price home creates nearly $60,000 in economic activity; and that’s not including the extra job-creating potential of a newly-built home.