As per National Association of Realtors, every two homes built will create one new Job. Housing market will be one most important area that needs to be improved for an economic recovery and growth.
There are many thousands of legal workers like the Highly skilled H1B workers who are stuck in a green card limbo and are really afraid of making any substantial investments into the economy.Also many of them want to start their own companies and are unable to do so because of legal restrictions on what they could do.
If we can give Green Cards to those people who are in US and working for over 3 years legally (like H1B, L1 etc.) and who has an approved immigration petition (I-140) and are willing to buy a house worth over $200,000, it will benefit them as well as the economy.