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Population Change: 2005 versus 2004 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.94%

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Presentation on theme: "Population Change: 2005 versus 2004 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.94%"— Presentation transcript:

1 Population Change: 2005 versus 2004 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.94%

2 Population Change: 2006 versus 2005 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.90%

3 Population Change: 2007 versus 2006 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.90%

4 Forces driving regional housing demand Interplay between employment growth and population growth

5 Employment Growth: 2005 versus 2004 More than 2% 1% to 2% 0% to 1% Less than 0% US: 1.55%

6 Employment Growth: 2006 versus 2005 More than 2% 1% to 2% 0% to 1% Less than 0% US: 1.38%

7 Employment Growth: 2007 versus 2006 More than 2% 1% to 2% 0% to 1% Less than 0% US: 0.96%

8 Employment Growth: Y/Y Jan-Aug 2006 vs More than 2% 1% to 2% 0% to 1% Less than 0% US: 1.32%

9 Forces driving regional housing demand Higher home prices are dampening demand But different states have experienced different rates of price increases

10 Change in Existing Home Prices in Y/Y Q2, % or more 10% to 20% 5% to 10% 5% or less US: 9.84%

11 Change in Existing Home Prices in Y/Y Q2, % or more 10% to 20% 5% to 10% 5% or less US: 14.04%

12 Change in Existing Home Prices in Y/Y Q2, % or more 10% to 20% 5% to 10% 5% or less US: 10.06%

13 Forces driving regional housing demand Demand for second homes

14 Second Homes: Share of Housing Stock % or more 5% to 10% 3% to 5% 3% or less US: 3.1%

15 Forces driving regional housing demand Demand for apartments and condos

16 Multifamily Housing: Not everyone lives in a single-family house

17 Rental Vacancy Rates % to 8% 8.1% to 11% 11.1% to 13% 13.1% to 18% US: 10.2%

18 Rental Vacancy Rates % to 8% 8.1% to 11% 11.1% to 13% 13.1% to 15% US: 9.8%

19 Multifamily Share of Housing Starts % to 15% 15% to 20% 20% to 25% 25% or more US: 19.2%

20 Want to Get More Information? Look for full reports, updates and detailed data at


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