Austin: A Theory of Everything How & why Austin is changing and what we should do about it

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Austin: A Theory of Everything How & why Austin is changing and what we should do about it"

Transcription

1 Austin: A Theory of Everything How & why Austin is changing and what we should do about it 2014 Realty Round Up Palmer Events Center Austin, TX October 15, 2014

2 Austin rank among U.S. metros since 2000 Population change (nom) #10 Population growth (%) #2 Job change (nom) #7 Job growth (%) #1 GDP change (nom) #21 GDP growth (%) #3 Source: U.S. Census Bureau, Population Estimates. U.S. Bureau of Labor Statistics, Current Employment Statistics. U.S. Bureau of Economic Analysis. Jobs are from 2000 to GDP is from 2001 to 2013 (2000 not available). Growth rankings (%) are among large MSAs. Data is for Austin-Round Rock MSA. 2

3 Austin averaging 5.7% annual GDP growth: nearly 2 percentage points > U.S. economy 12% 10% 8% 6% 4% 2% 0% % Change in GDP (Nominal) Average ( ) Austin MSA 5.7% U.S. 3.9% -2% -4% Austin MSA U.S Source: U.S. Bureau of Economic Analysis. Data is for Austin-Round Rock MSA. Not adjusted for inflation. 3

4 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% -1% -2% -3% -4% -5% -6% Austin MSA U.S. This time it really was different: Austin was much better prepared for Great Recession Job Growth, 12-month rolling (SA) Jan 1991 July 2001 Dec 2003 AUS U.S. 1990s 63% 18% 2000s 13% -1% % 5% Aug 2014 Source: U.S. Bureau of Labor Statistics, Current Employment Statistics. Data is for Austin-Round Rock MSA. Seasonally adjusted. 4

5 Population growth in Austin has picked up the slack in lean economic years % 7% 6% 5% 4% 3% 2% 1% 0% Population Growth, Austin MSA U.S. (MSA) Growth % % % Source: U.S. Census Bureau, Population Estimates. Data is for Austin-Round Rock MSA. U.S. MSA is all metropolitan areas. 5

6 Austin is winning war for talent Austin has added 225,000 people with bachelor s degree or higher since 2000 (~17,000 per year), only MSA in top 25 with population of less than 2 million. Bachelor s+ made up 36% of Austin s total population growth during (Raleigh 37%). Bach Degree+ Pop Growth Rank MSA Total Pop Growth Rank MSA Charlotte 102% 1 35% 5 Grand Rapids 93% 2 9% 33 Las Vegas 91% 3 45% 3 Austin 80% 4 49% 2 Raleigh 79% 5 51% 1 Riverside 74% 6 34% 8 Nashville 72% 7 27% 12 Orlando 66% 8 37% 4 San Antonio 66% 9 32% 9 Phoenix 63% 10 34% 6 Source: U.S. Census Bureau, American Community Survey table B15002 and Census 2000 SF3 table P37. Data is for Austin-Round Rock MSA. 6

7 Fast growing bachelor s+ population is driving significant wealth creation Average Earnings ($) Per Worker Age 25+ by Educational Attainment in Austin Bachelor s degree or higher 85,608 Some college or associate s degree 55,080 All Workers 54,360 High school diploma or equivalent No high school diploma 37,740 45,960 Raleigh Bachelor s+ 75,228 Some college 49,524 HS diploma 42,132 No HS diploma 36,132 All workers 49,824 Source: U.S. Census Bureau, Quarterly Workforce Indicators, Longitudinal-Employer Household Dynamics Program. Data in chart is for Austin-Round Rock MSA, 2013Q3. 7

8 Affordable means monthly housing costs < $1,400 for majority of Austin workers Age 25+ Population 2013 Growth Average Earnings Max Monthly Housing Cost Bachelor s or higher 506,645 80% $85,608 $2,140 Some college 340,908 57% $55,080 $1,377 HS diploma 234,821 54% $45,960 $1,149 No HS diploma 139,786 20% $37,740 $944 All workers 1,222,160 59% $54,360 $1,359 Source: U.S. Census Bureau, American Community Survey table B15002 and Census 2000 SF3 table P37 (Population, Growth, and Educational Attainment). Quarterly Workforce Indicators, Longitudinal-Employer Household Dynamics Program, 2013Q3 (Average Earnings). Maximum monthly housing cost is calculated at 30% of average earnings. 8

9 Note: Search conducted on October 14,

10 Earnings for < bachelor s degree workforce not keeping up w/ housing costs in Austin Housing Affordability ($) by Educational Attainment Bachelor s degree or higher Some college or associate s degree All workers 1,377 1,359 Austin Metro 1,614 Austin City 1,770 Austin Downtown 2,322 2,140 Max. monthly housing cost at average earnings Median rent High school diploma or equivalent 1,149 No high school diploma 944 Source: Zillow Rent Index (ZRI), All Homes (SFR, Condo/Co-op), August ZRI is the median of the estimated rent price for all homes in a given region. ZRI may not reflect actual listings at any given point in time. Maximum monthly housing cost is calculated as 30% of average earnings by educational attainment from U.S. Census Bureau, Quarterly Workforce Indicators, Longitudinal-Employer Household Dynamics Program, 2013Q3. Data is for Austin-Round Rock MSA. 10

11 Housing is expensive in Austin relative to other high-performing metro areas Max Monthly Housing Cost Bachelor s+ Metro Area Med Rent City Limits Med Rent Downtown Med Rent Austin 2,140 1,614 1,770 2,322 Raleigh 1,881 1,307 1,300 1,594 Orlando 1,880 1,305 1,176 1,474 Nashville 2,124 1,292 1,306 1,758 Charlotte 2,695 1,207 1,183 1,486 Denver 2,092 1,737 1,730 2,348 Portland 1,928 1,511 1,539 1,802 Source: Zillow Rent Index (ZRI), All Homes (SFR, Condo/Co-op), August ZRI is the median of the estimated rent price for all homes in a given region. ZRI may not reflect actual listings at any given point in time. Maximum monthly housing cost is calculated as 30% of average earnings by educational attainment from U.S. Census Bureau, Quarterly Workforce Indicators, Longitudinal-Employer Household Dynamics Program, most recent quarter available. Data is for Austin-Round Rock MSA. Downtown defined as following zip codes: Austin (78701), Raleigh (27607), Orlando (32801), Nashville (37201), Charlotte (28202), Denver (80202), Portland (97201). Several downtowns in table have multiple zip codes. The zip code that best reflected majority of downtown properties based on ZRI was selected. 11

12 Average monthly earnings for workers with a bachelor s degree or higher in Austin increased by $166 during Median monthly rent in city of Austin increased by $331. Source: Zillow Rent Index (ZRI), All Homes (SFR, Condo/Co-op), August 2011-August ZRI is the median of the estimated rent price for all homes in a given region. ZRI may not reflect actual listings at any given point in time. Average earnings are from U.S. Census Bureau, Quarterly Workforce Indicators, Longitudinal-Employer Household Dynamics Program, 2011Q3-2013Q3. Earnings data is for Austin-Round Rock MSA. ZRI rent estimate is for city of Austin. Not adjusted for inflation. 12

13 Education & wage inequality + rising housing costs contributes to residential segregation Workforce Demographics by Race/Ethnicity in Austin Race/Ethnicity Average Monthly Earnings Max Monthly Housing Cost 30% Earnings Percent with Bachelor's+ Austin MSA Percent with Bachelor's+ U.S. Asian 5,661 1,698 67% 50% White 4,644 1,393 49% 32% Black 3, % 18% Hispanic 3, % 13% Source: Educational attainment rates by race/ethnicity are from U.S. Census Bureau, 2012 American Community Survey, Five-Year Estimates, table C Average earnings are from U.S. Census Bureau, Quarterly Workforce Indicators, Longitudinal-Employer Household Dynamics Program, 2013Q3. Data is for Austin-Round Rock MSA. 13

14 Austin is the most expensive housing market in Texas. 14

15 Housing costs are higher in Austin but geographic perspective is important Housing Costs in Selected Texas Metro Areas, 2014 Average SF Sale Price Metro Area Med Rent City Limits Med Rent Urban Core Med Rent Austin 311,414 1,614 1,770 2,322 Dallas 295,350 1,407 1,226 2,982 Houston 275,369 1,463 1,330 2,299 San Antonio 220,366 1,276 1,180 1,830 Source: Average sale price from ABoR, MetroTex (Dallas County), SABOR, HAR, most recent month available. Median rent from Zillow Rent Index (ZRI), All Homes (SFR, Condo/Co-op), August ZRI is the median of the estimated rent price for all homes in a given region. ZRI may not reflect actual listings at any given point in time. Urban core was roughly defined as Austin (78701), Dallas (75201), Houston (77006), and San Antonio (78209). Rent estimate in San Antonio is median list price (ZRI N/A). 15

16 Austin is not creating enough middle-wage jobs. 16

17 Middle-wage jobs are smaller share but keeping pace with overall job growth Job Growth by Wage Range in Austin, Occupation Average Wage 2013 Jobs 2014 % Total 2014 Change Growth Low-wage per hr 292,732 32% 47,016 19% Middle-wage ,807 26% 31,562 16% High-wage per hr 384,992 42% 57,242 17% Total ** 910, % 135,820 18% Source: EMSI, Data Release. Excludes self-employment. Data is for Austin-Round Rock MSA and includes all jobs for which average wage data was available. Average wage is the mean wage (2013) for all jobs classified by occupation i.e. all jobs per occupation were assigned to one category based on the average wage. Calculations using median wage by occupation or other breaks could yield different results. Wage categories are from the National Employment Law Project. 17

18 We have more Ph.D. taxi drivers than anywhere else in America (underemployment). 18

19 The Human Capital is getting crowded Population Age Pop Growth Avg Annual Job Growth Avg Annual Job Growth Boom Year Bachelor s Degree 321,536 11,265 3,488 7,424 Some College 332,076 9,599 1,694 2,856 High School Diploma 227,965 6,278 5,418 13,366 Graduate or Prof Degree 155,522 5, No High School Diploma 139,522 1,893 5,346 12,731 Source: Population data from U.S. Census Bureau, American Community Survey table B15002 and Census 2000 SF3 table P37. Employment data, including 2014 projection, from EMSI. Some College category includes certificates, associate s degree, and people w/ higher education credits but no completed postsecondary degree. Data is for Austin-Round Rock MSA. 19

20 People moving here from California are to blame for. 20

21 Source: Internal Revenue Service. Map by Forbes showing net migration of tax filers (# of exemptions) to Travis County in 2008 tax year.

22 2008 Source: Internal Revenue Service. Map by Forbes showing net migration of tax filers (# of exemptions) to Wayne County in 2008 tax year.

23 2006 Source: Internal Revenue Service. Map by Forbes showing net migration of tax filers (# of exemptions) to Orleans Parish in 2006 tax year.

24 California is big but majority of people moving to Austin come from Texas 5,000 Households Moving to Austin from California 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Texas 288,868 California 39,886 Florida 9,163 25,274 moved Austin to CA Source: Internal Revenue Service. Includes only people filing federal tax returns. Number of returns used as proxy for number of households. Actual number of households may be different. Data is for Austin-Round Rock MSA. 24

25 110 people move to Austin every day. 25

26 It really doesn t matter. It s a lot. 26

27 But if you must know: Austin MSA: 2011 (latest available) 201 moved in 147 moved out +54 net Source: Internal Revenue Service. Includes only people filing federal tax returns. Number of exemptions reported on tax returns used as proxy for number of people. Actual number of people may be different. Data is for Austin-Round Rock MSA. 27

28 What should we do about all of this? Celebrate Stop comparing Austin to New York, San Francisco, and Washington DC Educate people about urban core vs. periphery markets 28

29 What should we do about all of this? Support and invest in career and technical education Pay equal attention to supply and demand sides of Austin s affordability challenge Advocate for publicly-funded Austin research program 29

30 7600 Burnet Road Suite 108 Austin, TX

Williamson County, Texas Changing Demographics and Implications of Growth April 22, 2014

Williamson County, Texas Changing Demographics and Implications of Growth April 22, 2014 Williamson County, Texas Changing Demographics and Implications of Growth April 22, 2014 Presentation Overview 1. How fast is Williamson growing? 2. Where are people coming from? 3. How is the population

More information

Austin, TX: An Economic Prospectus. Growing Pains of Austin

Austin, TX: An Economic Prospectus. Growing Pains of Austin Austin, TX: An Economic Prospectus CCIM Symposium Growing Pains of Austin January 30, 2013 Why Choose Austin? Unique combination of big city growth rates and feel of small, weird university town Diversified

More information

The Changing Population of Texas. BP Business Leaders November 8, 2012 Austin, TX

The Changing Population of Texas. BP Business Leaders November 8, 2012 Austin, TX The Changing Population of Texas BP Business Leaders November 8, 2012 Austin, TX Growing States, 2000-2010 2000 Population* 2010 Population* Numerical Change 2000-2010 Percent Change 2000-2010 United States

More information

An Equity Assessment of the. St. Louis Region

An Equity Assessment of the. St. Louis Region An Equity Assessment of the A Snapshot of the Greater St. Louis 15 counties 2.8 million population 19th largest metropolitan region 1.1 million households 1.4 million workforce $132.07 billion economy

More information

Demographic Characteristics and Trends: Austin and San Antonio Metro Areas. Austin and San Antonio Growth Summit September 14, 2012 San Marcos, Texas

Demographic Characteristics and Trends: Austin and San Antonio Metro Areas. Austin and San Antonio Growth Summit September 14, 2012 San Marcos, Texas Demographic Characteristics and Trends: Austin and San Antonio Metro Areas Austin and San Antonio Growth Summit September 14, 2012 San Marcos, Texas Population Growth in San Antonio MSA, 1980-2040 County

More information

Economic Growth and Tulsa Tech

Economic Growth and Tulsa Tech Economic Growth and Tulsa Tech Tulsa Tech - Owasso April 26, 2016 Mark C. Snead President and Economist 0 1. Are Tulsa Tech s activities aligned with existing research on economic growth? 1 Methods for

More information

Shifting Demographics: Real Estate Investment Implications

Shifting Demographics: Real Estate Investment Implications Shifting Demographics: Real Estate Investment Implications Presentation by: Mary Ludgin, PhD Managing Director and Director of Investment Research Heitman Portland State University 7 th Annual Real Estate

More information

San Antonio Market Overview. 1 st 2 nd Quarter 2015

San Antonio Market Overview. 1 st 2 nd Quarter 2015 San Antonio Market Overview 1 st 2 nd Quarter 2015 S a n A n t o n i o, Te x a s Attributes of San Antonio Why San Antonio? The seventh most populated city in the United States of America and the second

More information

September 25, 2014 OPPORTUNITY AUSTIN

September 25, 2014 OPPORTUNITY AUSTIN September 25, 2014 OPPORTUNITY AUSTIN 15 Public Sector Investors Austin Bastrop Buda Cedar Park Elgin Georgetown Hutto Jarrell Kyle Leander Lockhart Rollingwood Round Rock San Marcos Taylor 330 corporate

More information

Employment Trends in the Twin Cities Region Libby Starling Research Manager January 17, 2012

Employment Trends in the Twin Cities Region Libby Starling Research Manager January 17, 2012 Employment Trends in the Twin Cities Region 2000-2011 Libby Starling Research Manager January 17, 2012 The big picture on jobs Job recovery has begun Employment still the third lowest since 2000 Developed

More information

Texas Population Growth, Projections, and Implications

Texas Population Growth, Projections, and Implications Texas Population Growth, Projections, and Implications Maya Halebic, M.B.A. Senior Economist MARCH 2012 Questions or comments concerning this publication shall be directed to Maya Halebic at mayah@sahcc.org,

More information

Demographic Characteristics and Trends in Texas and North Texas: Population and Infrastructure

Demographic Characteristics and Trends in Texas and North Texas: Population and Infrastructure Demographic Characteristics and Trends in Texas and North Texas: Population and Infrastructure Plano Chamber of Commerce April 1, 2015 Austin, Texas Total Population and Components of Population Change

More information

ECONOMIC TRENDS MONTHLY

ECONOMIC TRENDS MONTHLY ECONOMIC TRENDS MONTHLY ISSUED APRIL 28, 2012 COVERING DATA THRU MARCH 2012 Steve Nivin, Ph.D.; Maya Halebic, M.B.A.; Ramiro Cavazos Please contact Steve Nivin with any questions or comments at snivin@saberinstitute.org

More information

Population Change in Texas and The Dallas-Fort Worth Area: Implications for Education, the Labor Force and Economic Development

Population Change in Texas and The Dallas-Fort Worth Area: Implications for Education, the Labor Force and Economic Development Population Change in Texas and The Dallas-Fort Worth Area: Implications for Education, the Labor Force and Economic Development Steve H. Murdock, Director Hobby Center for the Study of Texas and Allyn

More information

San Diego Labor Market and Economic Overview

San Diego Labor Market and Economic Overview San Diego Labor Market and Economic Overview Laura Choi, Federal Reserve Bank of San Francisco April 24, 2013 San Diego Banker CRA Roundtable The views expressed in this presentation are my own and do

More information

Economic Indicators Dashboard

Economic Indicators Dashboard Dashboard City of Seattle as of 1. Business Income 2010 2011 Change Business income Update (billions, 2010$) $52.1 $53.8 3.3% The Seattle Dashboard reports current and recent data for the following five

More information

Careers and Talent in the LA MSA. Rob Sentz, Chief Innovation Officer, EMSI Cerritos College, April 9, 2015

Careers and Talent in the LA MSA. Rob Sentz, Chief Innovation Officer, EMSI Cerritos College, April 9, 2015 Careers and Talent in the LA MSA Rob Sentz, Chief Innovation Officer, EMSI Cerritos College, April 9, 2015 EMSI 15 years Background Labor market / workforce analysis Focus: Post-secondary Ed, Workforce

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Georgia. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Georgia. Philadelphia, PA: Institute for GEORGIA Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Georgia. Philadelphia, PA: Institute for Research on Higher Education, Graduate School of

More information

Educational Attainment

Educational Attainment Educational Attainment Five Key Data Releases From the U.S. Census Bureau Media Webinar February 23, 2012 Webinar access information Toll free number: 888 790 3288 Passcode: CENSUS URL: https://www.mymeetings.com/nc/join/

More information

An Equity Profile of the Houston-Galveston Region. Summary. Overview. The Equity Indicators Framework

An Equity Profile of the Houston-Galveston Region. Summary. Overview. The Equity Indicators Framework An Equity Profile of the Houston-Galveston Region PolicyLink and PERE An Equity Profile of the Houston-Galveston Region Summary Overview Across the country, regional planning organizations, community organizations

More information

Texas and San Antonio. imaginesanantonio Livable San Antonio Conference November 9, 2012 San Antonio, TX

Texas and San Antonio. imaginesanantonio Livable San Antonio Conference November 9, 2012 San Antonio, TX The Changing Population of Texas and San Antonio imaginesanantonio Livable San Antonio Conference November 9, 2012 San Antonio, TX Growing States, 2000 2010 Numerical Percent 2000 2010 Change Change Population*

More information

Population Existing Conditions. Table of Contents

Population Existing Conditions. Table of Contents Population Existing Conditions Table of Contents OVERVIEW... 3 REGIONAL CONTEXT... 3 STUDY AREA... 4 DEMOGRAPHIC TRENDS... 4 Age and Gender... 6 Race & Ethnicity... 9 Disability... 15 Poverty... 15 Education...

More information

PRESS RELEASE. Rise in Home Prices Paced by Denver, Miami, and Dallas According to the S&P/Case-Shiller Home Price Indices

PRESS RELEASE. Rise in Home Prices Paced by Denver, Miami, and Dallas According to the S&P/Case-Shiller Home Price Indices Rise in Home Prices Paced by Denver, Miami, and Dallas According to the S&P/Case-Shiller Home Price Indices New York, March 31, 2015 today released the latest results for the S&P/Case-Shiller Home Price

More information

Best Purchase Markets for Aspiring Millennial Homebuyers. NAR Research June 2016

Best Purchase Markets for Aspiring Millennial Homebuyers. NAR Research June 2016 Best Purchase Markets for Aspiring Millennial Homebuyers NAR Research June 2016 Best Purchase Markets for Aspiring Millennial Homebuyers NAR Research June 2016 2016 National Association of REALTORS All

More information

The New Geography of United States Immigration

The New Geography of United States Immigration July 2009 No. 3 The New Geography of United States Immigration N ew trends in immigration are changing communities across the United States. The movement of immigrants from abroad to the heart of America

More information

Technical Report 1: Regional Demographic Profile

Technical Report 1: Regional Demographic Profile Technical Report 1: Regional Demographic Profile Compiled by the Piedmont Triad Regional Council January, 2013 Triad Tomorrow Figure 1. Piedmont Triad Region CONTEXT The Piedmont Triad region consists

More information

The Changing Population of Texas and San Antonio. Masters Leadership Program October 10, 2012 San Antonio, TX

The Changing Population of Texas and San Antonio. Masters Leadership Program October 10, 2012 San Antonio, TX The Changing Population of Texas and San Antonio Masters Leadership Program October 10, 2012 San Antonio, TX Growing States, 2000-2010 2000 Population* 2010 Population* Numerical Change 2000-2010 Percent

More information

Who Would be Affected by an Increase in Seattle s Minimum Wage? Report for the City of Seattle, Income Inequality Advisory Committee March 21, 2014

Who Would be Affected by an Increase in Seattle s Minimum Wage? Report for the City of Seattle, Income Inequality Advisory Committee March 21, 2014 Who Would be Affected by an Increase in Seattle s Minimum Wage? Report for the City of Seattle, Income Inequality Advisory Committee March 21, 2014 Prof. Marieka M. Klawitter Prof. Mark C. Long Prof. Robert

More information

METRO ATLANTA STILL AMONG FASTEST-GROWING IN NATION

METRO ATLANTA STILL AMONG FASTEST-GROWING IN NATION October 2012 Despite the dour economic news of the past few years, metro Atlanta remains the key economic driver of the Southeast. But, as with all metro areas, challenges abound. One of those challenges

More information

Texas. DeVry Impact. Summary Statistics. Earnings by Education Level. Total Wage Growth Over Studied Period. 65% Growth $44,262. 42% Growth $39,478

Texas. DeVry Impact. Summary Statistics. Earnings by Education Level. Total Wage Growth Over Studied Period. 65% Growth $44,262. 42% Growth $39,478 Texas DeVry Inc. s eight Texas locations 1 produced $82.7 million in economic impact in FY2010. As part of this economic impact, DeVry Inc. schools supported 809 jobs. Wage Impact annually, while the degree

More information

2015 Texas Economic Outlook: Tapping on the Brakes Keith Phillips Sr. Economist and Research Officer

2015 Texas Economic Outlook: Tapping on the Brakes Keith Phillips Sr. Economist and Research Officer 215 Texas Economic Outlook: Tapping on the Brakes Keith Phillips Sr. Economist and Research Officer The views expressed in this presentation are strictly those of the presenter and do not necessarily reflect

More information

University of Texas at Austin Department of Statistics and Data Sciences Statistics in Action Series. September 16, 2015 Austin, TX

University of Texas at Austin Department of Statistics and Data Sciences Statistics in Action Series. September 16, 2015 Austin, TX University of Texas at Austin Department of Statistics and Data Sciences Statistics in Action Series September 16, 2015 Austin, TX Demography the study of the size, distribution, and composition of populations;

More information

Austin Update MARCH 6, 2013

Austin Update MARCH 6, 2013 Austin Update MARCH 6, 2013 Austin Bastrop Cedar Park Elgin Georgetown Hutto Jarrell Kyle Leander Lockhart Pflugerville Round Rock San Marcos Taylor 330 corporate & individual Investors 9 Year Result New

More information

Demographic Profile of Wichita Unemployment Insurance Beneficiaries Q2 2014

Demographic Profile of Wichita Unemployment Insurance Beneficiaries Q2 2014 Demographic Profile of Wichita Unemployment Insurance Beneficiaries Q2 2014 The Bureau of Labor Statistics defines an unemployed person as one 16 years and older having no employment and having made specific

More information

Income. Quick Glimpse Picture:

Income. Quick Glimpse Picture: Income Quick Glimpse. Ohio ranks 32 nd in the nation for. Ohio experienced the nation s 3 rd largest decline in from 2000 to 2008 was $18,000 to $28,000 more in Ohio suburbs than central cities 2008 Picture:

More information

THE S&P CORELOGIC CASE-SHILLER NATIONAL INDEX EXTENDS NEW HIGH AS HOME PRICE GAINS CONTINUE

THE S&P CORELOGIC CASE-SHILLER NATIONAL INDEX EXTENDS NEW HIGH AS HOME PRICE GAINS CONTINUE THE S&P CORELOGIC CASE-SHILLER NATIONAL INDEX EXTENDS NEW HIGH AS HOME PRICE GAINS CONTINUE NEW YORK, December 27, 2016 S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller

More information

Labor Market Outlook. CSU Dominguez Hills Kimberly Ritter-Martinez, Economist LAEDC Kyser Center for Economic Research February 3, 2015

Labor Market Outlook. CSU Dominguez Hills Kimberly Ritter-Martinez, Economist LAEDC Kyser Center for Economic Research February 3, 2015 Labor Market Outlook CSU Dominguez Hills Kimberly Ritter-Martinez, Economist LAEDC Kyser Center for Economic Research February 3, 2015 Did You Know The amount of new technical information is doubling every

More information

Demographic Profile of Wichita Unemployment Insurance Beneficiaries Q3 2015

Demographic Profile of Wichita Unemployment Insurance Beneficiaries Q3 2015 Demographic Profile of Wichita Unemployment Insurance Beneficiaries Q3 2015 The Bureau of Labor Statistics defines an unemployed person as one 16 years and older having no employment and having made specific

More information

Lloyd Potter is the Texas State Demographer and the Director of the Texas State Data Center based at the University of Texas at San Antonio.

Lloyd Potter is the Texas State Demographer and the Director of the Texas State Data Center based at the University of Texas at San Antonio. Lloyd Potter is the Texas State Demographer and the Director of the Texas State Data Center based at the University of Texas at San Antonio. 1 2 Texas population in 2014 was just under 27 million and was

More information

U.S. Labour Supply: Recruiting U.S. Workers Engineering Sector

U.S. Labour Supply: Recruiting U.S. Workers Engineering Sector U.S. Labour Supply: Recruiting U.S. Workers Engineering Sector Alberta Enterprise and Advanced Education Report Government of Alberta 22/11/2012 Page 1 About the Study Alberta Enterprise and Advanced Education

More information

Atlanta Rankings 2014

Atlanta Rankings 2014 Atlanta Rankings Major National Magazine and Study Rankings BUSINESS FACILITIES Metro Business Rankings Lowest Cost of Doing Business 2. Orlando, FL 3. Charlotte, NC 4. San Antonio, TX 5. Tampa, FL 6.

More information

Construction Employment in the Twin Cities April 14, 2016

Construction Employment in the Twin Cities April 14, 2016 Minnesota Department of Employment and Economic Development Construction Employment in the Twin Cities April 14, 2016 Tim O Neill Regional Analysis & Outreach Unit Minnesota Dept. of Employment & Economic

More information

S&P/Case-Shiller Home Price Indices

S&P/Case-Shiller Home Price Indices August 2008 S&P/Case-Shiller Home Price Indices Frequently Asked Questions 1. What do the S&P/Case-Shiller 1 Home Price Indices measure? The indices are designed to be a reliable and consistent benchmark

More information

Economic Overview Monterey County, California. October 2, 2015

Economic Overview Monterey County, California. October 2, 2015 Economic Overview Monterey County, October 2, 2015 DEMOGRAPHIC PROFILE... 3 EMPLOYMENT TRENDS... 5 UNEMPLOYMENT RATE... 5 WAGE TRENDS... 6 COST OF LIVING INDEX... 6 INDUSTRY SNAPSHOT... 7 OCCUPATION SNAPSHOT...

More information

THE STATE OF WORK IN THE EAST BAY AND OAKLAND

THE STATE OF WORK IN THE EAST BAY AND OAKLAND THE STATE OF WORK IN THE EAST BAY AND OAKLAND Wealth concentration amidst bottoming out for low and middle-income families Income inequality, Poverty, and Low-wage jobs in 2010 MAJOR FINDINGS Severe economic

More information

LANDSCAPING OCCUPATIONS

LANDSCAPING OCCUPATIONS LANDSCAPING OCCUPATIONS BARSTOW COLLEGE CUSTOMIZED ENVIRONMENTAL SCAN AUGUST 2008 CENTER OF EXCELLENCE, INLAND EMPIRE San Bernardino Community College District 114 S. Del Rosa Drive, San Bernardino, CA

More information

In Search of Opportunity: Foreign-Born Residents in Oregon

In Search of Opportunity: Foreign-Born Residents in Oregon Portland State University PDXScholar Publications, Reports and Presentations Population Research Center 6-2012 In Search of Opportunity: Foreign-Born Residents in Oregon Jason R. Jurjevich Portland State

More information

THE STATUS OF AFFORDABLE HOUSING IN CALIFORNIA: TESTIMONY TO THE ASSEMBLY COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT

THE STATUS OF AFFORDABLE HOUSING IN CALIFORNIA: TESTIMONY TO THE ASSEMBLY COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT THE STATUS OF AFFORDABLE HOUSING IN CALIFORNIA: TESTIMONY TO THE ASSEMBLY COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT Carol Galante, I. Donald Terner Distinguished Professor in Affordable Housing and

More information

The dashboard helps policymakers better understand their state s economic performance relative to the region and the nation.

The dashboard helps policymakers better understand their state s economic performance relative to the region and the nation. The state-by-state dashboards examine long- and short-term trends related to state economic growth. This section demonstrates how each state has been performing on key economic growth measures: per capita

More information

FAST FACTS. The Nursing Workforce 2014: Growth, Salaries, Education, Demographics & Trends

FAST FACTS. The Nursing Workforce 2014: Growth, Salaries, Education, Demographics & Trends FAST FACTS The Nursing Workforce 2014: Growth, Salaries, Education, Demographics & Trends RN Job Growth Rate (new and replacement) By State/Region, 2012-2022) 14 states project an annual growth rate of

More information

IN ARIZONA TEACHING. Sponsored by the University of Arizona College of Education and the Southern Arizona Leadership Council. Data and analysis by

IN ARIZONA TEACHING. Sponsored by the University of Arizona College of Education and the Southern Arizona Leadership Council. Data and analysis by TEACHING IN ARIZONA Sponsored by the University of Arizona College of Education and the Southern Arizona Leadership Council Data and analysis by Packaging by Fall 2015 1 TEACHING: THE IDEAL Warm glow of

More information

Drive Time Peachtree Dunwoody Rd.

Drive Time Peachtree Dunwoody Rd. Drive Time - 5775 Peachtree Dunwoody Rd. 15, 3, 45 Minute Drive Time Map 722, Pop. 2.8 M Pop. 4.3 M Pop. 15 Minutes 3 Minutes 45 Minutes 5 km 4 Miles Demographic and Income Profile Report Drive Time: 15

More information

A Picture Worth 1,000 Words

A Picture Worth 1,000 Words Volume 24, No. 4, January 28, 2011 CWS CAPITAL PARTNERS LLC CWS Capital Partners LLC CALENDAR OF EVENTS Prior to March 2011 K-1 s Mailed April 13, 2011 CWS Capital Partners Annual Shareholder s Meeting

More information

Key Findings on the Economic Status of Women in North Carolina

Key Findings on the Economic Status of Women in North Carolina IWPR# R356 August 2012 Key Findings on the Economic Status of Women in North Carolina Women in North Carolina have made significant social and economic advances in recent decades, but the need for further

More information

The Strategic Assessment of the St. Louis Region

The Strategic Assessment of the St. Louis Region The Strategic Assessment of the St. Louis Region 7th Edition, 2015 WHERE The 7th Edition of Where We Stand (WWS) presents 222 rankings comparing St. Louis to the 50 most populated metropolitan areas in

More information

Rent increases continue lower in EHI s local emphasis area the Washington, DC, region than other major metropolitan areas

Rent increases continue lower in EHI s local emphasis area the Washington, DC, region than other major metropolitan areas EQUITABLE HOUSING INSTITUTE Promoting housing affordability by removing regulatory barriers P.O. Box 1402 Vienna, VA 22183 (O) (703) 938-2930 (E-mail) info@equitablehousing.org (Website) http://www.equitablehousing.org

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Arizona. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Arizona. Philadelphia, PA: Institute for ARIZONA Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Arizona. Philadelphia, PA: Institute for Research on Higher Education, Graduate School of

More information

Comprehensive Economic Development Strategy Capital Area Economic Development District

Comprehensive Economic Development Strategy Capital Area Economic Development District Comprehensive Economic Development Strategy 2010-2015 Capital Area Economic Development District 2010 by Capital Area Economic Development District, all rights reserved. Capital Area Economic Development

More information

Multifamily Market Commentary November 2015 The Supply Gap is Substantial for Lower Income Households

Multifamily Market Commentary November 2015 The Supply Gap is Substantial for Lower Income Households Multifamily Market Commentary November 2015 The Supply Gap is Substantial for Lower Income Households The demand for affordable rental housing continues to increase each year, yet the amount of new supply

More information

Made Possible by Generous Support From: RETAIL INSIGHT. Spotlight On Retail Employees

Made Possible by Generous Support From: RETAIL INSIGHT. Spotlight On Retail Employees Made Possible by Generous Support From: RETAIL INSIGHT Spotlight On Retail Employees ABOUT THIS REPORT When many Americans think about retail jobs, they naturally imagine what they see in stores: sales

More information

Diversity in California s Health Professions: Physical Therapy September 2008

Diversity in California s Health Professions: Physical Therapy September 2008 Diversity in California s Health Professions: Physical Therapy September 2008 A report of the California Health Workforce Tracking Collaborative Timothy Bates and Susan Chapman UCSF Center for the Health

More information

13.8% Inflation-adjusted GDP (billions) Cumulative growth 2009 to Q3 2015. Exhibit 1 Steady U.S. Economic Growth After a Severe Recession $17,000

13.8% Inflation-adjusted GDP (billions) Cumulative growth 2009 to Q3 2015. Exhibit 1 Steady U.S. Economic Growth After a Severe Recession $17,000 Exhibit 1 Steady U.S. Economic Growth After a Severe Recession Inflation-adjusted GDP (billions) $17,000 $16,000 $15,000 $14,000 $13,000 13.8% Cumulative growth 2009 to Q3 2015 $12,000 $11,000 $10,000

More information

RECONNECTING OPPORTUNITY YOUTH

RECONNECTING OPPORTUNITY YOUTH RECONNECTING OPPORTUNITY YOUTH Data Reference Guide March 2015 Patrick Sims Opportunity Youth Opportunity youth are young adults aged 16-24 years who are neither connected to school nor work. These young

More information

HOME PRICE INCREASES EASE IN MAY ACCORDING TO THE S&P CORELOGIC CASE- SHILLER INDICES

HOME PRICE INCREASES EASE IN MAY ACCORDING TO THE S&P CORELOGIC CASE- SHILLER INDICES HOME PRICE INCREASES EASE IN MAY ACCORDING TO THE S&P CORELOGIC CASE- SHILLER INDICES NEW YORK, July 26, 2016 S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller

More information

North Central Texas Thinking Ahead

North Central Texas Thinking Ahead North Central Texas Thinking Ahead Donna Coggeshall Population: Past, Present, and Future 2010: 6.4 million 2040: 10.5 million 1900: 0.4 million Figures are for the 12-county MPA Development Form Thinking

More information

Who lives in New Orleans and the metro area now? Based on 2012 U.S. Census Bureau data

Who lives in New Orleans and the metro area now? Based on 2012 U.S. Census Bureau data Who lives in New Orleans and the metro area now? Based on 2012 U.S. Census Bureau data Vicki Mack and Elaine Ortiz, Greater New Orleans Community Data Center September 26, 2013 This brief examines 2012

More information

BLS Data and You US Conference of Mayors Workforce Development Council Washington, DC January 22, 2015

BLS Data and You US Conference of Mayors Workforce Development Council Washington, DC January 22, 2015 BLS Data and You US Conference of Mayors Workforce Development Council Washington, DC January 22, 2015 Agenda Economic update What can localities learn from BLS data? Working together to improve America

More information

An Equity Profile of the Kansas City Region. Summary. Overview. The Equity Indicators Framework. central to the region s economic success now and

An Equity Profile of the Kansas City Region. Summary. Overview. The Equity Indicators Framework. central to the region s economic success now and An Equity Profile of the Kansas City Region PolicyLink and PERE An Equity Profile of the Kansas City Region Summary Overview Across the country, regional planning organizations, community organizations

More information

The Strategic Assessment of the St. Louis Region

The Strategic Assessment of the St. Louis Region The Strategic Assessment of the St. Louis Region 7th Edition, 2015 WHERE The 7th Edition of Where We Stand (WWS) presents 222 rankings comparing St. Louis to the 50 most populated metropolitan areas in

More information

Honolulu s Construction Industry: Where is it Going? Presented for the Society for Marketing Professional Services

Honolulu s Construction Industry: Where is it Going? Presented for the Society for Marketing Professional Services Honolulu s Construction Industry: Where is it Going? Presented for the Society for Marketing Professional Services Introduction Introduction of Rider Levett Bucknall National View Local View Quarterly

More information

THE LIVES OF BLACKS IN TEXAS: Demographic Trends in the African American Population,

THE LIVES OF BLACKS IN TEXAS: Demographic Trends in the African American Population, POLICY BRIEF: THE LIVES OF BLACKS IN TEXAS: Demographic Trends in the African American Population, 1950-2010 November 1, 2012 Shetal Vohra-Gupta, PhD, Research Associate Jemel P. Aguilar, PhD, Research

More information

Top Job Postings in Metro Atlanta: Old Economy Meets New Economy

Top Job Postings in Metro Atlanta: Old Economy Meets New Economy Top Job Postings in Metro Atlanta: Old Economy Meets New Economy Atlanta Regional Commission For more information, contact: mcarnathan@atlantaregional.com What is Burning Glass- Labor Insight? Burning

More information

HOUSING AUTHORIT Y of the COUNT Y of SANTA CLARA. Extract from 2013 Housing Needs Assessment

HOUSING AUTHORIT Y of the COUNT Y of SANTA CLARA. Extract from 2013 Housing Needs Assessment HOUSING AUTHORIT Y of the COUNT Y of SANTA CLARA Extract from 2013 Housing Needs Assessment Housing Authority of the County of Santa Clara Extract from 2013 Housing Needs Assessment The Housing Authority

More information

RENTAL HOUSING AFFORDABILITY

RENTAL HOUSING AFFORDABILITY RENTAL HOUSING AFFORDABILITY With income growth lagging behind the persistent rise in rents, the number of renter households spending disproportionate shares of their incomes for housing hit a new high

More information

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for

Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for TENNESSEE Suggested Citation: Institute for Research on Higher Education. (2016). College Affordability Diagnosis: Tennessee. Philadelphia, PA: Institute for Research on Higher Education, Graduate School

More information

City of San Antonio, Texas Public Safety Compensation Analysis

City of San Antonio, Texas Public Safety Compensation Analysis City of San Antonio, Texas Public Safety Compensation Analysis Presentation to the Mayor and City Council March 19, 2014 700 Lavaca Suite 1500 Austin, TX 78701 Two Logan Square 18 th and Arch Street Philadelphia,

More information

The Housing Downturn in the United States 2009 First Quarter Update

The Housing Downturn in the United States 2009 First Quarter Update The Housing Downturn in the United States 2009 First Quarter Update May 2009 TABLE OF CONTENTS The Housing Downturn in the United States: 2009 First Quarter Update Introduction The Housing Downturn: National

More information

THE EDUCATIONAL ATTAINMENT OF THE WORKFORCE

THE EDUCATIONAL ATTAINMENT OF THE WORKFORCE THE EDUCATIONAL ATTAINMENT OF THE WORKFORCE March 2016 Dennis Hoffman, Ph.D. Professor, Department of Economics; Director, L. William Seidman Research Institute; and Director, Office of the University

More information

SANS 2017 Events Overview

SANS 2017 Events Overview SANS 2017 s Overview As the leading organization in information, network, and computer security training, the SANS Institute is known for providing intensive, immersion training courses designed to help

More information

IN THEOR Y, PUBLIC INVESTMENTS IN MASS TRANSIT CAN MAKE URBAN

IN THEOR Y, PUBLIC INVESTMENTS IN MASS TRANSIT CAN MAKE URBAN Can Public Transportation Increase Economic Efficiency? M AT T H E W D R E N N A N A N D C H A R L E S B R E C H E R IN THEOR Y, PUBLIC INVESTMENTS IN MASS TRANSIT CAN MAKE URBAN economies more efficient

More information

12345 El Monte Road Los Altos Hills, California 94022 650.949.7777

12345 El Monte Road Los Altos Hills, California 94022 650.949.7777 12345 El Monte Road Los Altos Hills, California 94022 650.949.7777 Geospatial Technology Occupations Report for Greater Bay Area Region (Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa

More information

HOME PRICE GAINS IN JULY SLOW ACCORDING TO THE S&P CORELOGIC CASE-SHILLER INDICES

HOME PRICE GAINS IN JULY SLOW ACCORDING TO THE S&P CORELOGIC CASE-SHILLER INDICES HOME PRICE GAINS IN JULY SLOW ACCORDING TO THE S&P CORELOGIC CASE-SHILLER INDICES NEW YORK, September 27, 2016 S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller

More information

Multifamily Market Commentary July 2014 The Nation s Aging Multifamily Housing Stock

Multifamily Market Commentary July 2014 The Nation s Aging Multifamily Housing Stock Multifamily Market Commentary July 2014 The Nation s Aging Multifamily Housing Stock Although America s population is rising at its slowest pace in more than 70 years, and it has taken 76 months for employment

More information

Left Behind: DC s Economic Recovery Is Not Reaching All Residents By Ed Lazere and Marco Guzman 1

Left Behind: DC s Economic Recovery Is Not Reaching All Residents By Ed Lazere and Marco Guzman 1 An Affiliate of the Center on Budget and Policy Priorities 820 First Street NE, Suite 460 Washington, DC 20002 (202) 408-1080 Fax (202) 408-8173 www.dcfpi.org Left Behind: DC s Economic Recovery Is Not

More information

Twin Cities Labor Market Trends and Projections January 27, 2016

Twin Cities Labor Market Trends and Projections January 27, 2016 Minnesota Department of Employment and Economic Development Twin Cities Labor Market Trends and Projections January 27, 2016 Tim O Neill Regional Analysis & Outreach Unit Minnesota Dept. of Employment

More information

Submitted by: MARKET STREET SERVICES, INC. www.marketstreetservices.com

Submitted by: MARKET STREET SERVICES, INC. www.marketstreetservices.com Submitted by: MARKET STREET SERVICES, INC. www.marketstreetservices.com LIVE GROW WORK Market Street brings original insights and clarity to the evaluation and revitalization of the places where people

More information

PRESS RELEASE. Home Price Gains Ease in April According to the S&P/Case-Shiller Home Price Indices

PRESS RELEASE. Home Price Gains Ease in April According to the S&P/Case-Shiller Home Price Indices Home Price Gains Ease in April According to the S&P/Case-Shiller Home Price Indices New York, June 30, 2015 today released the latest results for the S&P/Case-Shiller Home Price Indices, the leading measure

More information

For further information: Frank Tortorici (212) 339-0231 Gad Levanon (212) 339-0317 For Immediate Release June Shelp (212) 339-0369

For further information: Frank Tortorici (212) 339-0231 Gad Levanon (212) 339-0317 For Immediate Release June Shelp (212) 339-0369 News Release For further information: Frank Tortorici (212) 339-0231 Gad Levanon (212) 339-0317 For Immediate Release June Shelp (212) 339-0369 Advertised Job Vacancies Increase in October, The Conference

More information

MEDIAN INCOME IN THE PAST 12 MONTHS (IN 2013 INFLATION-ADJUSTED DOLLARS)

MEDIAN INCOME IN THE PAST 12 MONTHS (IN 2013 INFLATION-ADJUSTED DOLLARS) S1903 MEDIAN INCOME IN THE PAST 12 MONTHS (IN 2013 INFLATION-ADJUSTED DOLLARS) 2013 American Community Survey 1-Year Estimates Supporting documentation on code lists, subject definitions, data accuracy,

More information

PHILADELPHIA HOUSE PRICE INDICES

PHILADELPHIA HOUSE PRICE INDICES PHILADELPHIA HOUSE PRICE INDICES July 13, 2015 KEVIN C. GILLEN, Ph.D. Kevin.C.Gillen@Drexel.edu Disclaimers and Acknowledgments: The Lindy Institute for Urban Innovation at Drexel University provides this

More information

The Bay Area in 2040

The Bay Area in 2040 Chapter 2 The Bay Area in 2040 The Association of Bay Area Governments (ABAG) and the Metropolitan Transportation Commission (MTC) track and forecast the region s demographics and economic trends to inform

More information

Fast Facts About The Cyber Security Job Market

Fast Facts About The Cyber Security Job Market Cybersecurity Cybersecurity is the measures taken to protect a computer or computer system (as on the Internet) against unauthorized access or attack. Cybersecurity is the faster growing IT job, growing

More information

I. HEALTH ASSESSMENT B. SOCIOECONOMIC CHARACTERISTICS

I. HEALTH ASSESSMENT B. SOCIOECONOMIC CHARACTERISTICS I. B. SOCIOECONOMIC CHARACTERISTICS 1. HOW FINANCIALLY SECURE ARE RESIDENTS OF DELAWARE? Delaware residents median household incomes are lower than comparison communities but higher than national norms.

More information

College Completion in Connecticut: The Impact on the Workforce and the Economy

College Completion in Connecticut: The Impact on the Workforce and the Economy College Completion in : The Impact on the Workforce and the Economy February 2012 Investing in Individuals and Society through College Completion 30 25 20 15 10 5 0 Higher Levels of Education and Skills

More information

The Changing Face of Texas

The Changing Face of Texas The Changing Face of Texas Population Projections and Implications D Ann Petersen and Laila Assanie RRich natural resources, abundant land, a central location within the United States and a business-friendly

More information

Keith Phillips, Sr. Economist and Research Officer

Keith Phillips, Sr. Economist and Research Officer 215 Texas Economic Outlook: Strong Growth t o Continue Keith Phillips, Sr. Economist and Research Officer National Economy Picking Up Last year, international weakness, policy uncertainty, sharp cuts in

More information

The Production, Stock, and Flow of Human Capital in New York s Metropolitan Areas

The Production, Stock, and Flow of Human Capital in New York s Metropolitan Areas The Production, Stock, and Flow of Human Capital in New York s Metropolitan Areas New York and the Global Economy Rockefeller Institute October 6, 2008 MOTIVATION A region s level of human capital is associated

More information

US Inflation Rate Consumer Price Index

US Inflation Rate Consumer Price Index 1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 US Inflation Rate Consumer Price Index 14.0% 13.0% 12.0% 11.0%

More information

Labor Market Information (LMI) Program

Labor Market Information (LMI) Program Student s Name: Date: / / Labor Market Information (LMI) Program Welcome to the Labor Market Information training module from the Florida Department of Economic Opportunity, Division of Workforce Services,

More information

ANGELOUECONOMICS 2012 INDUSTRY HOTSPOTS

ANGELOUECONOMICS 2012 INDUSTRY HOTSPOTS ANGELOUECONOMICS 2012 INDUSTRY HOTSPOTS INDUSTRY SPECIALIZATION OF AMERICA'S 100 LARGEST METROPOLITAN AREAS INDUSTRY CLUSTERS 19-24 (of 36) ABOUT THE RANKINGS In the 21 st Century, the engines that drive

More information