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Published byJaida Butte Modified over 9 years ago
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The Regional Economy, Housing Market and Transportation System: Implications and Challenges June 14, 2007 LIVE NEAR YOUR WORK SEMINAR
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Metro Comparisons Job Change 2000-2005 15 Largest Metro Areas Thousands WASHINGTON Source: BLS, GMU Center for Regional Analysis
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15 Largest Job Markets Ranked by Unemployment Rate April 2007 % U.S. 4.3% Data not seasonally adjustedSource: BLS, GMU Center for Regional Analysis 2.8
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Average Sales Price All Housing Types Washington Metro Source: MRIS, GMU Center for Regional Analysis $ +5.8% +10.5% +13.6% +13.8% +20.1% +23.1 +2.0% -0.4%
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Metro Comparisons Percent Change in House Prices Last Five Years (Q3 01– Q3 06) Percent WASHINGTON Source: Office of Federal Housing Enterprise Oversight, GMU Center for Regional Analysis Conforming Mortgages Only
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Annual Change In Housing Demand vs. Housing Supply 1995 - 2010 Washington MSA Thousands 47,700 32,600 Demand Supply
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Congestion in the Washington Region is Getting Worse: 1990-2005 % Leave Home < 6:00 AM% With Work Trip > 45 Min.
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1982 to 2003 Change in Annual Hours of Delay Per Traveler 1. 1.Atlanta 2. 2.Washington 3. 3.Dallas 4. 4.Los Angeles
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Implications and Challenges Higher Housing Costs Higher Transportation Costs Higher Cost of Living Declining Affordability Declining Comparative Advantage
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Some Solutions Live Closer to Work Increase Supply of Housing & Higher Densities Increase Supply of Transportation Facilities and Services Telecommuting
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www.cra-gmu.org
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