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NAHB: Home industry tied to nation's economic recovery

More people moving means more homes are being built.

More people moving means more homes are being built.

More people moving means more homes are being built. And no matter what time of year those properties are being constructed, they have a direct impact on the state of the economy - a fact homebuilders want to make loud and clear.

Bob Nielsen, chairman of the National Association of Home Builders, says home construction is crucial to the country's fiscal recovery.

"By generating economic activity including new income and jobs, purchases of goods and services and revenue for local governments, housing - which has historically accounted for around 17 percent of the GDP - can put America back to work," said Nielsen.

April is New Homes Month and the NAHB is promoting that fact by citing statistics which indicate how closely tied the real estate market is to America's overall economy.

For instance, economists at the NAHB indicate that building 100 single-family homes in a major metropolitan area can bring $21.1 million in income, contribute $2.2 million in taxes and add 324 jobs to the economy.

Recently, however, there hasn't been much building going on, as a government survey found that nationwide housing starts fell in February.