Appendix Report 1: Economic Impacts of Virginia’s Housing Industry

Abstract

This report presents the findings of our economic impact analysis of the Commonwealth of Virginia’s housing industry. This project is a component of a larger research effort for the Virginia Housing Policy Advisory Council entitled Addressing the Importance of Housing for Virginia’s Economy. The study responds to Governor McAuliffe’s Executive Order 32 recognizing that “the sustained economic and social vitality of communities throughout the Commonwealth of Virginia depends upon the quality, availability, and affordability of housing. Housing is, and will remain, a key policy priority with far-reaching economic and social consequences.” Research was conducted by the Virginia Coalition of Housing and Economic Development Researchers, which includes Virginia Tech, George Mason University, Virginia Commonwealth University, and the College of William and Mary. The research reported here was led by the Center for Regional Analysis at George Mason University.