He said that just like the auto industry has created thousands of jobs in Ontario and the GTA, so has the home-building industry.
If you picture the assembly line, the number of jobs created just to get the car on the line and then the jobs that will take it from the line to the new owner, it?s not very different from what happens in our industry.
It is estimated that for every 10 direct jobs in auto assembly, there are five jobs in the parts industry, seven jobs in other related manufacturing (like plastics and rubber products) and 24 jobs in the non-manufacturing sectors (like engineering, accounting and warehousing) created.
In our industry, from the time a new project is a concept, jobs are created. Developers working with lawyers and financial experts on land acquisition. Architects, engineers and planning consultants designing and conducting studies ? and that?s all before construction starts.
A marketing team spreads the word about the project and begins selling homes in the pre-construction phase. Then there?s an army of trade and construction workers hired to lift the drawings off the page and they can be doing everything from excavating a site, to pouring foundation, to framing for drywall for years as the building is constructed.
That?s not even where it ends.
To finish off the building, there are more spin-off jobs created in the manufacturing and supplier industry. Someone has to install the air-conditioning unit, the appliances, and even the furniture and interior design industries benefit from the construction of new homes.
We know that in 2011, there were 193,000 jobs created in new home construction, renovation and related fields in the GTA, generating $10 billion in wages that show up as purchases across the local economy. I would argue that this number isn?t taking all of the spin-off jobs that I mentioned into account, which can be tough to calculate. It?s complicated by the fact that the type of construction project ? from a home renovation to a townhome complex to a 400-unit condominium tower?will produce different economic impact ripples.
I recently found another way to measure it, though. According to an Altus Group report, construction of 10,000 new homes leads to about $3.3 billion in economic production across an array of industries, including $727 million in manufacturing output and $307 million in wholesale, retail, transportation and warehousing sectors combined.
Every year, our industry works to build 40,000 homes in complete communities across the GTA.
So next time you see a crane, a fenced off area under construction or a model home surrounded by others just like it in various stages of completion, you can think about the people involved in building someone?s home and what a great job they do.
? Bryan Tuckey is President and CEO of the Building Industry and Land Development Association (BILD) and can be found on Twitter (twitter.com/bildgta), Facebook (facebook.com/bildgta), Youtube (youtube.com/bildgta) and BILD?s official online blog (bildblogs.ca).
Source: http://homes-extra.ca/home-garden/homes/when-you-see-construction-site-think-jobs/
obama sings al green heidi klum and seal ohare airport etta james songs east west shrine game haywire underworld awakening
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.