Multifamily. Measurable impact.

Multifamily. Measurable impact.

Ever wonder how the construction of a new multifamily apartment complex might impact the economy of a local community?

The Apartment Community Estimator, developed by the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA), allows developers to select between new development and existing community, enter the number of apartment homes, select an urban center, state or national and then calculate impact at the click of a button.

For example, for a new development of 100 apartment units in Detroit, MI, the calculator reports $20,201,755 as the direct and indirect economic impact of construction, operations and resident spending, with 192 total jobs supported.

The same 100 units built in Salt Lake City, UT shows $22,637,374 in economic impact with 180 total jobs created.

The calculator can create customized reports for 40 metropolitan areas and all 50 states.

According to the NMHC and NAA, America’s 19.7 apartment homes and their 73 million residents contribute more than $3.5 billion to the United States economy each day.

For more information or to try out the calculator for yourself, visit www.weareapartments.org