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1 January 25, 20062006 Nebraska Profile 2006 NEBRASKA PROFILE Fourth Edition  State, Nine Regions, and 93 Counties  Demographic Change in the State 

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Presentation on theme: "1 January 25, 20062006 Nebraska Profile 2006 NEBRASKA PROFILE Fourth Edition  State, Nine Regions, and 93 Counties  Demographic Change in the State "— Presentation transcript:

1 1 January 25, 20062006 Nebraska Profile 2006 NEBRASKA PROFILE Fourth Edition  State, Nine Regions, and 93 Counties  Demographic Change in the State  Economic Influences at Work  Housing Statistics, Trends, & Forecast  Summary of Findings

2 22006 Nebraska ProfileJanuary 25, 2006 Nine Regions and 93 Counties

3 32006 Nebraska ProfileJanuary 25, 2006 Demographics:  Racial Minorities still growing quickly  Growth of Hispanics is strong as well

4 42006 Nebraska ProfileJanuary 25, 2006 Demographics:  Losing population < 20 years old  Seem to be gaining 20-24 and 55-64

5 52006 Nebraska ProfileJanuary 25, 2006 Demographics:  North and South declining  Only urbanized counties growing: Urban = Douglas, Lancaster, and Sarpy

6 62006 Nebraska ProfileJanuary 25, 2006 Demographics:  Census Bureau estimates by county

7 72006 Nebraska ProfileJanuary 25, 2006 Demographics:  Fewer people leaving Nebraska  Significant international migration

8 82006 Nebraska ProfileJanuary 25, 2006 Demographics:  IRS net migration data for Nebraska

9 92006 Nebraska ProfileJanuary 25, 2006 Demographics:  IRS returns and exemptions for Nebraska

10 102006 Nebraska ProfileJanuary 25, 2006 Demographics:  DMV data indicates otherwise

11 112006 Nebraska ProfileJanuary 25, 2006 Demographics:  Positive change strong in working years

12 122006 Nebraska ProfileJanuary 25, 2006 Demographics:  Positive change in South and Urban  Urban has most of increase

13 132006 Nebraska ProfileJanuary 25, 2006 Demographics:  PUMS data shows domestic migration

14 142006 Nebraska ProfileJanuary 25, 2006 Demographics:  PUMS data shows where people came from in 2004

15 152006 Nebraska ProfileJanuary 25, 2006 Demographics:  PUMS data shows international declined over last couple of years, up in 2004

16 162006 Nebraska ProfileJanuary 25, 2006 Economics:  Employment has expanded moderately

17 172006 Nebraska ProfileJanuary 25, 2006 Economics:  Nebraska business establishments

18 182006 Nebraska ProfileJanuary 25, 2006 Economics:  Nebraska vs U.S. unemployment rates

19 192006 Nebraska ProfileJanuary 25, 2006 Economics:  Nebraska unemployment rates by Zone

20 202006 Nebraska ProfileJanuary 25, 2006 Economics:  Income – earned income per job

21 212006 Nebraska ProfileJanuary 25, 2006 Economics:  Industries with highest rates of pay  Farm earnings up 154% 02-03, 8.5% 04

22 222006 Nebraska ProfileJanuary 25, 2006 Economics:  Per capita income keeps pace with U.S.

23 232006 Nebraska ProfileJanuary 25, 2006 Economics:  Personal Bankruptcies continue upward

24 242006 Nebraska ProfileJanuary 25, 2006 Economics:  Nebraska Poverty Rates

25 252006 Nebraska ProfileJanuary 25, 2006 Housing:  Housing Production: SF and MF

26 262006 Nebraska ProfileJanuary 25, 2006 Housing:  With pop down, housing is up everywhere

27 272006 Nebraska ProfileJanuary 25, 2006 Housing:  Average prices for single-family homes

28 282006 Nebraska ProfileJanuary 25, 2006 Housing:  Prices by County from PA&T

29 292006 Nebraska ProfileJanuary 25, 2006 Housing:  Size and market values per square foot

30 302006 Nebraska ProfileJanuary 25, 2006 Housing:  Value of Single Family Construction

31 312006 Nebraska ProfileJanuary 25, 2006 Housing:  Nebraska Association of Realtors

32 322006 Nebraska ProfileJanuary 25, 2006 Housing:  OFHEO – Housing Price Index

33 332006 Nebraska ProfileJanuary 25, 2006 Housing:  Results from November 2005 survey  Statewide vacancy rate up from 5.9%

34 342006 Nebraska ProfileJanuary 25, 2006 Housing:  Degree of need for new construction  1 = no need; 5 = extreme need

35 352006 Nebraska ProfileJanuary 25, 2006 Housing:  Degree of need for new construction

36 362006 Nebraska ProfileJanuary 25, 2006 Housing:  Asked for need for rehab as well  Extreme need occurring more frequently

37 372006 Nebraska ProfileJanuary 25, 2006 Housing:  Sentiment is moderate need for rehab

38 382006 Nebraska ProfileJanuary 25, 2006 Summary of Findings:  Population declines in rural areas  Pop growth in cities and east  Nebr. is more racially diverse  Nebr. employment grows modestly  Income rises  Homeownership continues rising

39 392006 Nebraska ProfileJanuary 25, 2006 Summary of Findings:  SF housing production high  Homeowner prices rise everywhere  Problems persist for low-income persons  Emerging weakness in some rental markets

40 402006 Nebraska ProfileJanuary 25, 2006 Summary of Findings:  Changing characteristics and attributes of market present opportunities to realign housing resources - urban/rural Upgrades and preservation Lot production New construction in selected markets


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