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By Taylor Dellinger, GISP Western Piedmont Council of Governments Prepared For: “Hickory Metro Economic Perspective” Foothills APICS Chapter May 9, 2013.

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Presentation on theme: "By Taylor Dellinger, GISP Western Piedmont Council of Governments Prepared For: “Hickory Metro Economic Perspective” Foothills APICS Chapter May 9, 2013."— Presentation transcript:

1 By Taylor Dellinger, GISP Western Piedmont Council of Governments Prepared For: “Hickory Metro Economic Perspective” Foothills APICS Chapter May 9, 2013

2 Hickory Metro Demographics

3 Hickory Metro Population 2000-2010 Source: 2000-2010 Census, US Census Bureau. County 2000 Census 2010 Census Growth 2000-10 % Growth 2000-10 Alexander33,60337,1983,59510.7 Burke89,14890,9121,7672.0 Caldwell77,41583,0295,3216.8 Catawba141,685154,35812,6728.9 Total341,851365,49723,6466.9

4 NC Metro Percentage Population Growth by Decade, 1990-2010 Source: 1990-2010 Census, US Census Bureau.

5 Source: 2000-2010 Census, US Census Bureau.

6 Source: 2000 and 2010 Census, US Census Bureau. Hickory MSA % Age Group Population Change, 2000-2010 Source: 2000-2010 Census, US Census Bureau.

7 Age Group 2000 Census 2010 Census Change 2000-10 % Change 2000-10 Under 5 Years22,057 21,592-465-2.1 5 to 9 Years23,593 23,005-588-2.5 10 to 14 Years23,225 24,2771,0524.5 15 to 19 Years21,867 25,2323,36515.4 20 to 24 Years20,547 19,957-590-2.9 25 to 34 Years50,307 40,946-9,361-18.6 35 to 44 Years54,178 51,674-2,504-4.6 45 to 54 Years48,090 55,6817,59115.8 55 to 59 Years18,934 24,6385,70430.1 60 to 64 Years15,387 23,6068,21953.4 65 to 74 Years24,456 31,5667,11029.1 75 to 84 Years14,522 17,2222,70018.6 85 Years and Over4,688 6,1011,41330.1 Total 341,851365,49723,6466.9 Hickory MSA Population by Age Group, 2000-2010 Source: 2000-2010 Census, US Census Bureau.

8 NC MSA 25 to 34 Age Group Percent Population Change, Census 2000 to Census 2010 Source: 2000 and 2010 Census, US Census Bureau. Source: 2000-2010 Census, US Census Bureau.

9 NC MSA 60 to 64 Age Group Percent Population Change, Census 2000 to Census 2010 Source: 2000 and 2010 Census, US Census Bureau. Source: 2000-2010 Census, US Census Bureau.

10 Hickory MSA Population Change 2010-2012

11

12 Hickory Metro Population Projections 2010-2030 County2010201520202030 Growth 2010- 2030 % Growth 2010-30 Alexander37,19836,89936,35135,825-1,373-3.7% Burke90,91288,88987,63286,431-4,481-4.9% Caldwell83,02981,88181,02180,162-2,867-3.5% Catawba154,358157,872161,833169,75115,39310.0% Total365,497365,541366,837372,1696,6721.8% Source: NC Office of Management and Budget.

13 Hickory Metro Employment Situation

14 Hickory MSA Employment, 3rd Qtr. 2000–2012 Source: NC Division of Employment Security.

15 Construction 3% Other 1% Manufacturing 51% Public Administration 4% Trade 13% Services 28% Hickory Metro Jobs 1990 Hickory MSA Employment Distribution Services 49% Trade 15% Public Administration 6% Manufacturing 27% Construction 2% Other 1% Hickory Metro Jobs 2012 2012 US Manufacturing: 9% Source: NC Division of Employment Security.

16 Hickory Metro Employment 2009-2012

17 Hickory MSA Unemployment Rate, March 2009– March 2013 Source: NC Division of Employment Security.

18 Percentage NC MSA Employment Change, 3rd Quarter 2009 – 3rd Quarter 2012 Source: NC Division of Employment Security.

19 Hickory MSA Job Losses by Sector, 3rd Quarter 2011-2012 Source: NC Division of Employment Security.

20 Hickory MSA Employment Gains by Sector, 3rd Quarter 2011-2012 Source: NC Division of Employment Security.

21 Change in Total Employment, 3rd Qtr. 2011 to 3rd Qtr. 2012 Source: NC Division of Employment Security.

22 Hickory Metro Wage and Poverty Trends

23 Hickory MSA Average Weekly Wage, 3rd Quarter 2008-2012 Source: NC Division of Employment Security.

24 Poverty Rates and Median Household Income, 2009-2011 ACS County All Persons Below Poverty Rate All Persons Poverty Rate (%) Under 18 Below Poverty Rate Under 18 Poverty Rate (%) Median Household Income Alexander6,89718.9%2,43329.2%$39,415 Burke16,53918.8%5,16326.3%$37,130 Caldwell15,84019.4%5,04727.6%$34,520 Catawba21,32314.0%7,68321.2%$43,252 Hickory (City) 7,81720.2%2,49128.5%$36,082 Source: American Community Survey, US Census Bureau.

25 Hickory Metro Commuting Trends

26 Number of Persons Who Reside in Hickory MSA, but Work Outside the Hickory MSA but Work Outside the Hickory MSA

27

28

29 Hickory Metro Housing Trends

30 Source: 2000 and 2010 Census, US Census Bureau. Hickory MSA Housing Units, 1970-2010

31 Units 1990 Units % of Units 2000 Units % of Units Chg. 1990- 2000 % Chg. 1990- 2000 2010 Units % of Units Chg. 2000- 2010 % Chg. 2000- 2010 Occupied Units 112,38792.6133,96692.521,57919.2144,50488.910,5387.9 Vacant Units 9,0317.410,9087.51,87720.818,10911.17,20166.0 Total Units121,418100.0144,874100.023,45619.3162,613100.017,73912.2 Hickory MSA Occupied and Vacant Housing Units, 1990-2010 Source: 2000 and 2010 Census, US Census Bureau.

32 Hickory MSA Vacant Housing Unit by Type, 2010 Source: 2010 Census, US Census Bureau.

33 Units 1990 Units % of Units 2000 Units % of Units Chg. 1990- 2000 % Chg. 1990- 2000 2010 Units % of Units Chg. 2000- 2010 % Chg. 2000- 2010 Owner- Occupied83,95274.799,49774.315,54518.5103,96671.94,4694.5 Renter- Occupied28,43525.334,46925.76,03421.240,53828.16,06917.6 Occupied Units112,387100.0133,966100.021,57919.2144,504100.010,5387.9 Source: 2000 and 2010 Census, US Census Bureau. Hickory MSA Renter and Owner Housing Units, 1990-2010

34 Hickory MSA Single-Family (Site-Built) Permits, 2000-2012

35 Hickory MSA Foreclosure Cases, 2000-2012 Source: NC Administrative Office of the Courts.

36 Hickory Metro Educational Attainment

37 NC MSA Educational Attainment Comparison, 2011 MSA % High School Degree or Higher Ranking (1=Highest %) % Bachelor' s Degree or Higher Ranking (1=Highest %) Asheville87.8429.9 4 Burlington80.01319.7 10 Charlotte-Gastonia-Concord87.6533.3 3 Durham87.3641.9 1 Fayetteville88.6320.5 9 Goldsboro80.11214.4 10 Greensboro-High Point84.2927.0 7 Greenville83.91029.6 5 Hickory-Morganton-Lenoir79.01418.2 11 Jacksonville90.3117.5 12 Raleigh-Cary88.7241.3 2 Rocky Mount81.71116.3 13 Wilmington87.2728.7 6 Winston-Salem 85.5826.98 Source: American Community Survey, US Census Bureau.

38 Hickory MSA Economic Outlook? A report IHS Global Insight for the US Conference of Mayors indicates that: 1)22,400 Jobs have been lost since 2 nd Quarter 2006 (13.6%) 2)Unemployment should remain over 11% through 2013 3)It will be beyond 2021 before the region returns to the 2006 employment level 4)The Hickory MSA is one of three MSAs in the Southeast (along with Rocky Mount and Dalton, GA) that will take more than 10 years to recover from job losses suffered in the current recession 5)The analysis does not say how long it will take to recover from the 2000 Employment job peak of 186,000 workers.

39 Question: How does the Hickory MSA Economic Outlook and 2010 Census data impact development in the region over the next decade?

40

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