HOUSING PROFILE. Housing + Real Estate + Home Building. A Marketplace Snapshot. for Greenville, Pickens, and Laurens counties, South Carolina
|
|
- Whitney Wells
- 8 years ago
- Views:
Transcription
1 HOUSING PROFILE A Marketplace Snapshot Housing + Real Estate + Home Building for Greenville, Pickens, and Laurens counties, South Carolina Produced by: Home Builders Association of Greenville Greater Greenville Association of REALTORS Sales and Marketing Council of the Upstate Upstate Mortgage Lenders Association Presented by:
2 WELCOME Welcome to the Upstate Housing Market Forecast. We are happy to have, as our guest speaker, Dr. David Crowe, Chief Economist and Senior Vice President, National Association of Home Builders. We are excited about the development of this annual event. Each of our associations has independently produced economic briefings each year. This year, for the first time, the Home Builders Association, the Greater Greenville Association of REALTORS, the Sales and Marketing Council of the Upstate, and the Upstate Mortgage LendersAssociation have partnered to produce a single annual event. The document you are reading is a compilation of important information about the Greater Greenville Housing and Real Estate Market. We are interested in your feedback on information you would like to have from us in the future. We also would like to thank our Presenting Sponsor, The Greenville News, for their generous support of our program. Susan Vernon, President Home Builders Association of Greenville Matthew Thrift, President Greater Greenville Association of REALTORS Wendy Miller, President Upstate Mortgage Lenders Association Gary Cohen, Chairman Sales and Marketing Council of the Upstate About Dr. David Crowe Dr. Crowe is responsible for the National Association of Home Builders forecast of housing and economic trends, survey research and analysis of the home building industry and consumer preferences as well as microeconomic analysis of government policies that affect housing. Before becoming NAHB s Chief Economist, Dr. Crowe was NAHB s Senior Vice President for Regulatory and Housing Policy. Prior to joining NAHB, Dr. Crowe was Deputy Director of the Division of Housing and Demographic Analysis at the U.S. Department of Housing and Urban Development. He has served on federal advisory committees to the Census Bureau and to the U.S. Department of Housing and Urban Development. Dr. Crowe holds a PhD in Economics from the University of Kentucky.
3 OUR COMMUNITY Greater Greenville Market Our study area, Greater Greenville, includes Greenville, Pickens, and Laurens counties. We have gathered data, in one place, that is most commonly requested by our members. Population: 653,498 ( Greenville, Pickens, and Laurens counties) Real Metro GDP: $28.3 billion Per Capita Income: $35,700 (2012) The U.S. Census Bureau provides all Americans with excellent data about our community. In this report we have shown data that provides information about the quality of life in our Greater Greenville community. Population Density The number of people per unit of land. = 1000 people per square mile Greater Greenville Cost of Living Index Measures relative price levels for consumer goods and services. U.S.=100 Greater Greenville 90.3 Raleigh, NC 98.2 Charleston, SC 98.3 Charleston, SC 1,101.9 Raleigh, NC 2,896.3 Housing Density The number of homes per unit of land. = 500 housing units per square mile Raleigh, NC 1,232.5 Greater Greenville 1,026.1 Transit Usage and Stops In the U.S. 69% of residents live near a transit stop, but only 30% of jobs in the country are reachable by transit. Residents Near Transit Greater Greenville 28% Raleigh, NC 46% Charleston, SC 61% Jobs Reachable by Transit Greater Greenville 29% Raleigh, NC 30% Charleston, SC 27% Average Travel Time to Work U.S. Average: 25.4 minutes Charleston, SC Greater Greenville Raleigh, NC Charleston, SC 17.7 minutes 21.4 minutes 21.0 minutes
4 HOUSING MARKET SNAPSHOT Our study area, Greater Greenville, includes Greenville, Pickens, and Laurens counties. We have gathered data, in one place, that is most commonly requested by our members. Housing Units By the Numbers Number of Units/Type 1*: 188,940 (68.2%) 2-4: 12,765 (4.6%) 5 +: 37,099 (13.4%) Mobile Home: 38,454 (13.9%) *includes attached & detached Year Built Since 2000: 53,200 (19.2%) : 172,026 (62.1%) Prior to 1960: 52,101 (18.8%) $500,000-$999,999 5,892 (3.5%) $200,000-$499,999 40,315 (24.2%) $100,000-$199,000 65,661 (39.5%) Number of Rooms 1-5: 130,694 (47.2%) 6-8: 115,272 (41.5%) 9+: 31,361 (11.3%) Number of Bedrooms 0-2: 96,825 (35%) 3-4: 170,983 (61.7%) 5+: 9,519 (3.4%) Value of Owner-Occupied Units $1 million or more 1,707 (1%) Monthly Owner Costs Less than $100,000 52,928 (31.8%) 277,327 Total Housing Units $57,700 Median Income of Homeowner $142,200 Median Home Value 33,862 Vacant Housing Units 2.3% Homeowner Vacancy Rate 8.3% Rental Vacancy Rate Owner vs. Renter-Occupied Other Data Year Householder Move In Since 2000: 155,074 (63.7%) Prior to 2000: 88,392 (36.3%) Owner-Occupied: 166,503 (68.4%) Avg. Household Size: 2.6 Recurring Impacts of New Home Construction Renter-Occupied: 76,962 (31.6%) Avg. Household Size: 2.5 Homes with 3+ Vehicles 51,339 (21.1%) Sources of Heat Natural Gas: 90,641 (37.2%) LP Gas: 9,362 (3.8%) Electricity: 133,068 (54.7%) Other: 9,806 (4%) Owner-Occupied Housing Units With a Mortgage Without a Mortgage < $1,000/month 38,291 (35.5%) $1,000-$1,999/month 62,296 (50.5%) > $2,000/month 15,216 (14.1%) < $200/month 9,189 (15.8%) $200-$399/month 31,441 (53.9%) > $400/month 17,650 (30.3%) 58,280 (35%) Housing Units with No Mortgage 108,223 (65%) Housing Units with a Mortgage Occupied Units Paying Rent (Gross) > $500/month $500-$999/month > $1,000/month 12,201 (17.2%) 46,207 (65.3%) 12,309 (17.4%)
5 HOUSING + CONSTRUCTION In 2007 and 2008 the Home Builders Association of Greenville commissioned the Housing Economics Department of the National Association of Home Builders to conduct an analysis of the economic impact of Home Building in Greenville County on the Greater Greenville area. The study found a substantial impact and rapid contribution to the demands that the homes added have on the community s governments and infrastructure. Single-Family Homes Constructed Local Income Generated (millions) Taxes/Fees to Local Governments (millions) Local Jobs Created ,852 (-48%) $308.8 (-39%) $51.2 (-22%) 5,388 (-51%) 3,553 $507 $66 10, The additional, annually recurring impacts of building 1,852 single-family homes in Greenville County include: Greenville County Single-Family Recurring Impacts of New Home Construction $45.1 million in local income $12.3 million in taxes & other revenue for local governments 879 local jobs Single-Family Homes Constructed 532 (-46%) $9.3 (-12%) 990 $ Taxes/Fees to Local Governments (millions) Local Income Generated (millions) $68.4 (-45%) Local Jobs Created 1193 (-59%) $12 2, Greenville County Multi-Family The additional, annually recurring impacts of building 532 multi-family homes in Greenville County include: $13.9 million in local income $3.7 million in taxes & other revenues to local governments 234 local jobs Does growth and new construction pay for itself? Yes! For every 1,852 single-family and 532 multi-family homes built: Economic Impact Offsets All Fiscal Costs $2 Million+ in Net Income $25 Million+ in Net Income By the end of the first year after these new homes are built, economic impacts offset all fiscal costs of serving the new homes, including infrastructre costs. By the end of the second year, these new homes are contributing net income to local governments of more than $2 million per year. After 10 years, these new homes have contributed net income to local governments of more than $25 million, which keeps area property taxes lower.
6 HOUSING STARTS HISTORY Housing starts are a key indicator of the economic health of an area (proj.) Total Housing Starts (1000 s) Percent Change 9.6% 7.1% 37.8% 21.4% 21.1% Single Family Starts (1000 s) Percent Change 9.1% 6.8% 38.1% 12.4% 21% Share 95.9% 95.6% 95.8% 88.7% 88.6% Multi-family Starts (1000 s) Percent Change 24.9% 15.5% 31.9% 224.9% 22% Share 4.1% 4.4% 4.2% 11.3% 11.4% Source: United States Census Bureau Building Permits (Greater Greenville) Key Insights Steady decline is an indication that a community is stagnating. Rapid growth or decline is an indication of other factors like speculation. A change in the ratio of single family and multi-family is an indicatior of change in demand and potential for speculation. High End Homes ,391 permits (2.7% change) ,591 permits (14.4% change) 2,088 permits (31.2% change) 25 Greenville County % ,340 permits (12.1% change) ,514 permits (7.4% change) Pickens Laurens 5 *proj. County County 3.0% 0.6% Greenville County Laurens County Pickens County Asheville, N.C. Columbia, S.C. Charlotte, N.C. Traid, N.C. 1 Traingle, N.C. 2 1, ,532 2,252 5,845 2,342 5, % -37.1% -35.9% -16.1% 0.5% -6.5% -8.6% 4.0% County Building Permits 1, ,315 2,204 6,030 2,214 5, % -13.1% 54.7% -14.2% -2.1% 3.2% -5.5% -6.2% 1, ,478 2,624 7,874 2,284 7, % -11.3% -30.9% 12.4% 19.1% 30.6% 3.2% 32.5% , % % % % 3, % 9, % 2, % 9, % 2014 (proj.) 2, % % % 1, % 2, % 10, % 3, % 9, % 1 Winston-Salem, Greensboro, High Point; 2 Raleigh, Durham; 3 Homes over 4,000 square feet or $400,000 permitted value Source: Market Edge Single-Family Units Sold * 2.0 Transactions in Billions * Current Active (as of 1/10/15) SALES ,530 6,395 (-2.1%) 7,433 (+16.2%) 9,160 (+23.2%) 9,942 (+8.5%) $1.123 $1.100 $1.343 $1.710 $1.934 (+13.0%) Units 4,870 (+0.1%) Volume (billions) (+8.5%) Average Price $284,074 (+8.4%) Median Price $209,000 (+11.8%) Average DOM 149 (-5.7%) *While representative of market activity, this report may not include all sales brokered by Member firms and should not be viewed as all inclusive of sales transacted within the market during the time referenced. Source: Greater Greenville Association of REALTORS
7 AFFORDABILITY NAHB Housing Opportunity Index The Housing Opportunity Index is a measure of housing affordability. Produced by the National Association of Home Builders, the Housing Opportunity Index measures the share of homes sold in a given area that are affordable to a family earning the local median family income, based on standard mortgage underwriting criteria. Greater Greenville HOI: 78 Median Price: $163,000 Median Income: $58,200 National Rank: 73 (out of 227 MSAs measured) Therefore, 78 percent of the homes sold during the third quarter of 2014 were affordable for a family earning the median income. Greater Greenville is consistently in the top third of the markets measured by the Housing Opportunity Index. However, our region is still at risk in terms of affordability. Since the fourth quarter of 2012 our index has dropped from 84.7 and has been as low as 52.8 (2006). The Housing Opportunity Index uses two major components: income and housing cost. For income, the index uses the median family income estimate published by the U.S. Department of Housing and Urban Development. The index assumes a family can afford to spend 28 percent of its gross income on housing. For cost, the index uses data collected from CoreLogic. The monthly principal and interest that an owner would pay is based on the assumption of a 30-year fixed-rate mortgage with a 10-percent down payment. The interest rate is the weighted average of fixed and adjustable rates for the quarter as reported by the Federal Housing Finance Agency. The cost also includes estimated property taxes and property insurance for the area based on data gathered from the American Community Survey. SUPPLY VS. DEMAND Leading Markets Index An often overlooked impact of overregulation of Home Building is the affect it has on housing affordability. Every time government issues or changes a regulation that raises construction and development costs, some families are Priced Out of homeownership. The National Association of Home Builders produces a report of households Priced Out of homeownership by a $1,000 increase in the price of a home. Greater Greenville Median New Home Price: $277,468 Income Needed to Qualify: $67,903 Percent of Households that can Afford: 34 Greater Greenville Households Priced Out: 380 The Priced Out methodology is similar to the Housing Opportunity Index and uses the same data. The model simply measures how many households can qualify for a mortgage before and after a $1,000 increase in the price of a home. This report was updated in The National Association of Home Builders measures, on a quarterly basis, the relationship of individual housing markets around the country to a measure of normal. The study uses, as a basis for normal, a prior year that is judged as normal. For most of the country, including Greater Greenville, is considered to be normal. The study measures three characteristics: Jobs, Building Permits, and Housing Prices. A score is developed with 100 being normal, for each characteristic. The three scores are averaged for a community score. Third Quarter 2014 Overall Permits Prices Employment Greater Greenville, SC Asheville, NC Charlotte, NC Columbia, SC Greensboro, NC Raleigh, NC PRICED OUT EFFECT Greater Greenville reached its trough in March 2012 with an index of It peaked in November 2006 at With building permits running well and consistently below normal, and housing prices rising to historically high levels, a fair assessment can be made that, like many Southeastern markets, the Greater Greenville area has a supply vs. demand imbalance that is contributing to a lack of affordability, a flattening of house price growth, or potentially a drop housing prices in the future as production reaches normal.
8 Produced by: Home Builders Association of Greenville HBAofGreenville.com Facebook.com/HBAofGreenville Greater Greenville Association of REALTORS GGAR.com Upstate Mortgage Lenders Association Sales & Marketing Council of the Upstate HBAofGreenville.com/SMC Facebook.com/SMCoftheUpstateSC Data Compiled by: Michael Dey, Executive Vice President Home Builders Association of Greenville Chris Bailey, Director of Governmental Affairs Greater Greenville Association of REALTORS Designed and Published by: Leigh Ann DeYoung, President N-tegrate Media, Marketing & Sales
Housing Affordability Analysis in Support of a Development Impact Fee Study. Town of Fort Mill, South Carolina
Housing Affordability Analysis in Support of a Development Impact Fee Study Town of Fort Mill, South Carolina Final Document February 23, 2015 The South Carolina Development Impact Fee Act (Code of Laws
More informationEDUCATIONAL ATTAINMENT. 2011-2013 American Community Survey 3-Year Estimates
S1501 EDUCATIONAL ATTAINMENT 2011-2013 American Community Survey 3-Year Estimates Supporting documentation on code lists, subject definitions, data accuracy, and statistical testing can be found on the
More informationHousing Market and Mortgage Performance in South Carolina
QUARTERLY UPDATE Housing Market and Mortgage Performance in South Carolina 1st Quarter, 2013 Jamie Feik Lisa Hearl Karen Lyons An Update on Housing Market and Mortgage Performance in South Carolina 1 st
More informationComparison Profile prepared by the New Mexico Economic Development Department State Data Center. Page 1 of 5
Comparing New Mexico to Colorado DEMOGRAPHICS Colorado New Mexico Population estimates, July 1, 2014 5,355,866 2,085,572 Population, percent change - April 1, 2010 to July 1, 2014 1.4% 1.4% Population
More informationNew Mexico. Comparison Profile prepared by the New Mexico Economic Development Department State Data Center. Page 1 of 5
DEMOGRAPHICS Population estimates, July 1, 2014 2,085,572 Population, percent change - April 1, 2010 to July 1, 2014 1.4% Population estimates, July 1, 2013 2,085,287 Population, percent change - April
More informationRent and Mortgage Dataset
and Mortgage Dataset This dataset includes data variables for rent values of renter-occupied housing units, including breakdowns for number of bedrooms rented. Median and aggregate values, as well as gross
More informationHousing Data Profiles 2015
Housing Data Profiles 215 29-13 2 % Change 29-13 2 % Change Population 274,9 19,91 151% Householders living alone 26% 24% 1% Households 17,66 41,142 16% Residents living in families 68% 69% -1% Average
More informationPurchase an Affordable Home in Orange County
Purchase an Affordable Home in Orange County Habitat for Humanity of Orange County offers affordable homeownership opportunities. Families who work in Orange County can live in Orange County under construction:
More informationTexas Condominium Mid-Year Sales Report
Texas Condominium Mid-Year Sales Report 2014 Edition Release date: July 1, 2014 Contact: Danielle Urban Pierpont Communications 512-448-4950 durban@piercom.com About the Texas Condominium Mid-Year Sales
More informationHousing Price Forecasts. Illinois and Chicago PMSA, April 2014
Housing Price Forecasts Illinois and Chicago PMSA, April 2014 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public Affairs
More informationTitusville, Florida. Summary. Housing Market Area. Market Details. Economy. Rental Market. Sales Market
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Palm Bay-Melbourne- Titusville, Florida U.S. Department of Housing and Urban Development Office of Policy Development and Research As
More informationState College, Pennsylvania
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S State College, Pennsylvania U.S. Department of Housing and Urban Development Office of Policy Development and Research As of June 1,
More informationColorado Springs, Colorado
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Colorado Springs, Colorado U.S. Department of Housing and Urban Development Office of Policy Development and Research As of August 1,
More informationTHE IMPACT OF THE FIRST-TIME BUYER ON THE ILLINOIS ECONOMY WHY IT MATTERS AND HOW TO BRING THEM BACK INTO THE MARKETPLACE
THE IMPACT OF THE FIRST-TIME BUYER ON THE ILLINOIS ECONOMY $ WHY IT MATTERS AND HOW TO BRING THEM BACK INTO THE MARKETPLACE A As the U.S. housing market continues its rebound, many buyers and lenders are
More informationAbilene, Texas. Summary. Housing Market Area. Market Details. Economy. Rental Market. Sales Market
COMPREHENSIVE HOUSING MARKET ANALYSIS Abilene, Texas U.S. Department of Housing and Urban Development Office of Policy Development and Research As of July 1, 28 Summary Housing Market Area Stonewall Runnels
More informationHousing Highlights. A Snapshot of the Market in Summit County, CO. Key Findings. Key Indicators. May 2010. Rees Consulting, Inc.
May 2010 Housing Highlights A Snapshot of the Market in Summit County, CO Key Indicators 2010 Median Income (4 persons) $87,200 Affordable Price $343,384 Affordable Rent $2,180 Median Price -- Single Family
More informationTechnical 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 informationBuilding Stronger Industries and Communities: The Role of the American Community Survey
Building Stronger Industries and Communities: The Role of the American Community Survey March 7, 2011 David Crowe Chief Economist Housing Data in General Local Different Cyclic Comparisons require good
More informationTHE STATE OF THE NATION S HOUSING 2016
THE STATE OF THE NATION S HOUSING 2016 KEY FACTS Facts from the 2016 State of the Nation s Housing Report from the Joint Center for Housing Studies of Harvard University PURPOSE The State of the Nation
More informationInvestment Symposium March 14-15, 2013 New York, NY. Session E5, U.S. Economic Conditions and the Housing/Mortgage Market
Investment Symposium March 1-15, 213 New York, NY Session E5, U.S. Economic Conditions and the Housing/Mortgage Market Moderator: Jonathan Glowacki Presenter: David Berson Housing & Mortgage Market Outlook
More informationU.S. and Regional Housing Markets
U.S. and Regional Housing Markets House Prices Boom, Bust and Rebound Index, 1991: Q1=1* 3 CoreLogic house price index Real FHFA house price index 25 2 15 1 5 1991 199 1997 2 23 26 29 212 215 *Seasonally
More informationC O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S. Dallas, Texas. Summary. Economy. Sales Market
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Dallas, Texas U.S. Department of Housing and Urban Development Office of Policy Development and Research As of April 1, 26 Summary Housing
More informationFIRST-TIME HOMEBUYERS: UPDATE FROM THE 2005 AMERICAN HOUSING SURVEY
FIRST-TIME HOMEBUYERS: UPDATE FROM THE 2005 AMERICAN HOUSING SURVEY In 2005, there were nearly 75 million homeowning households in the United States, representing nearly 69 percent of all households. During
More informationWho Could Afford to Buy a Home in 2009? Affordability of Buying a Home in the United States
Who Could Afford to Buy a Home in 200? Affordability of Buying a Home in the United States Current Housing Reports Ellen Wilson and Robert R. Callis Issued May 203 H2/3-02 IntroductIon This is the seventh
More informationC O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S. Pueblo, Colorado. Summary. Economy
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Pueblo, Colorado U.S. Department of Housing and Urban Development Office of Policy Development and Research As of May 1, 26 Summary Housing
More informationMarket Segmentation: The Omaha Condominium Market
Market Segmentation: The Omaha Condominium Market Page 1 Market Segmentation: The Omaha Condominium Market Roger P. Sindt Steven Shultz Department of Economics and Real Estate University of Nebraska at
More informationDurango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD
Durango Real Estate: Revisiting California and Price-to-Rent by Luke T Miller, PhD About one year ago, I compared Durango real estate to southern California and also conducted a price-to-rent ratio analysis
More informationSpotlight on the Housing Market in the Las Vegas-Henderson-Paradise, NV MSA
Spotlight on the in the Las Vegas-Henderson-Paradise, NV MSA The Las Vegas-Henderson-Paradise, NV Metropolitan Statistical Area (Las Vegas MSA) is located at the southern tip of Nevada and contains the
More informationWelcome Home! Program
Welcome Home! Program PRE-APPLICATION PACKAGE Note: We cannot process your Homeownership Application if required documentation is missing. Qualifying individuals and families purchasing homes in Gwinnett
More informationA Primer on the Basic Allowance for Housing (BAH)
DEFENSE TRAVEL MANAGEMENT OFFICE A Primer on the Basic Allowance for Housing (BAH) For the Uniformed Services The purpose of this Basic Allowance for Housing (BAH) primer is to explain to members how their
More informationHousing the Richmond Region s Future Workforce
RICHMOND ASSOCIATION OF REALTORS PARTNERSHIP HOUSING AFFORDABILITY Housing the Richmond Region s Future Workforce Lisa A. Sturtevant, PhD Ryan Price George Mason University School of Public Policy Center
More informationColorado Springs, Colorado
C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Colorado Springs, Colorado U.S. Department of Housing and Urban Development Office of Policy Development and Research As of May 1, 211
More informationFannie Mae National Housing Survey. What Younger Renters Want and the Financial Constraints They See
Fannie Mae National Housing Survey What Younger Renters Want and the Financial Constraints They See Copyright 2014 by Fannie Mae May 2014 Table of Contents Research Methodology... 4 Executive Summary.....
More informationHomeownership. b y B R A D S H U ST E R
INDUSTRY TRENDS Millennials AND Homeownership b y B R A D S H U ST E R Homeownership is not as out of reach as millennials may think. Many misperceptions abound that the industry could help dispel. In
More informationSUSTAINABLE HOUSTON: DEMOGRAPHIC TRENDS, IMPACTS, AND FUTURE PLANS
SUSTAINABLE HOUSTON: DEMOGRAPHIC TRENDS, IMPACTS, AND FUTURE PLANS Dr. Philip Berke Professor, UNC Chapel Hill Department of City & Regional Planning Deputy Director, UNC Institute for the Environment
More informationNeighborhoods & Housing
Chapter 6 Neighborhoods & Housing Introduction A major goal of this plan is to improve the livability of the City s neighborhoods. For existing neighborhoods, this may be achieved through conservation,
More informationHOW MUCH HOUSE CAN YOU AFFORD?: STUDENT HANDOUT
INDIVIDUAL BORROWING LESSON: HOW MUCH HOUSE CAN YOU AFFORD?: STUDENT HANDOUT Congratulations! You were able to save and invest more than 10 percent of your budget over a few years, and you now have $10,000
More informationAppendix 11: AFFORDABLE HOUSING TERMS & CRITERIA
Appendix 11: AFFORDABLE HOUSING TERMS & CRITERIA (Provided by the Southampton Housing Authority March 18, 2013) What is Affordable Housing? There are a number of definitions of affordable housing as federal
More informationSan Antonio, Texas. Summary. Housing Market Area. Market Details. Economy. Rental Market. Sales Market
COMPREHENSIVE HOUSING MARKET ANALYSIS San Antonio, Texas U.S. Department of Housing and Urban Development Office of Policy Development and Research As of October 1, 2008 Summary Housing Market Area Kerr
More informationForsyth County Housing & Community Development Homeownership Program (FCHP) AHOP / HOME PROGRAM
Forsyth County Housing & Community Development Homeownership Program (FCHP) AHOP / HOME PROGRAM I. Program Purpose: The Forsyth County Homeownership Program (FCHP) provides funds to assist with the down
More informationIllinois Association of Realtors Housing Finance Panel
Illinois Association of Realtors Housing Finance Panel Mary Kenney IHDA Executive Director March 26, 2012 IHDA 101 Created in 1967 by state legislation to finance the creation and preservation of affordable
More informationTrends in Homeownership and Mortgage Debt among Older Americans Office for Older Americans
June 24, 2015 Trends in Homeownership and Mortgage Debt among Older Americans Office for Older Americans Presentation for MHA Trusted Advisors Note: This document was used in support of a live discussion.
More informationTable 1 Occupancy Status of Owner Occupied Single-Family Homes Vacated by Homeowner by Householder Age Group (Counts in parentheses) e
Table 1 Occupancy Status of Owner Occupied Single-Family Homes Vacated by Homeowner by Householder Age Group (Counts in parentheses) e Status 2 Years Later: New Household, Owner Occupied 69.8% (4,919)
More informationAFFORDABLE HOUSING POLICY Recommended July 23, 2013
AFFORDABLE HOUSING POLICY Recommended July 23, 2013 It shall be the policy of Albemarle County to promote a variety of housing choices for residents. Choice shall be defined by type, tenure, and price
More informationReal Estate Trends. in the Sacramento Region. Key Points
Real Estate Trends The opening of Golden 1 Center in the fall of 2016 will certainly be one of the most significant events in recent Sacramento history. Golden 1 Center Downtown Sacramento photo credit:
More informationSpotlight on the Housing Market in the Orlando-Kissimmee-Sanford, FL MSA
Spotlight on in Orlando-Kissimmee-Sanford, FL MSA The Orlando-Kissimmee-Sanford, FL Metropolitan Statistical Area (Orlando MSA) is located in central Florida and includes four counties: Lake, Orange, Osceola,
More informationAnalysis of the St. Cloud, Minnesota Housing Market
COMPREHENSIVE MARKET ANALYSIS REPORTS Policy Development & Research Analysis of the St. Cloud, Minnesota Housing Market As of January 1, 2004 ECONOMIC RESEARCH U.S. Department of Housing and Urban Development
More informationHUD PD&R Housing Market Profiles
Sacramento--Arden-Arcade--Roseville, California Quick Facts About Sacramento-Arden-Arcade--Roseville By Elaine Ng Current sales market conditions: slightly soft but improving. Current apartment market
More informationCHAPTER 2 - Population and Economy
CHAPTER 2 - Population and Economy Siler City is located in Western Chatham County West of Raleigh and the Triangle and South of Greensboro at the junction of US Highway 64 and US Highway 421. It was incorporated
More informationSECTION ONE CHAPTER 2: A LAND USE PROFILE OF MANCHESTER
SECTION ONE CHAPTER 2: A LAND USE PROFILE OF MANCHESTER Land use is the central element of a comprehensive plan because it establishes the overall physical configuration of the city, including the mix
More informationSTATEMENT. Linda Cheatham. Senior Vice President. Berkshire Mortgage Finance. FHA Multifamily Loan Limit Adjustment Act of 2003.
STATEMENT of Linda Cheatham Senior Vice President Berkshire Mortgage Finance On FHA Multifamily Loan Limit Adjustment Act of 2003 Before the Subcommittee on Housing and Community Opportunity Committee
More informationHousing Market and Mortgage Performance in North Carolina
QUARTERLY UPDATE Housing Market and Mortgage Performance in North Carolina 1st Quarter, 2013 Jamie Feik Lisa Hearl Karen Lyons An Update on Housing Market and Mortgage Performance in North Carolina 1 st
More informationCounty Demographics, Economy & Housing Market
County Demographics, Economy & Housing Market County Demographics Palm Beach County is Florida's third most populous county with 7% of Florida's population. The county's total estimated population for
More informationNorth Carolina Tax Law Update. Presented by The NC Department of Revenue 2013
North Carolina Tax Law Update Presented by The NC Department of Revenue 2013 Tax Simplification and Reduction Act House Bill 998 (S.L. 2013-316) reduces individual income and business tax rates. To help
More informationWho Can Afford To Live in a Home?: A look at data from the 2006 American Community Survey by Mary Schwartz and Ellen Wilson US Census Bureau
Who Can Afford To Live in a Home?: A look at data from the 2006 American Community Survey by Mary Schwartz and Ellen Wilson US Census Bureau With creative financing in the present day housing market, housing
More informationThe Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners March 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S
More informationNSP 3 Referenced Material
NSP 3 Referenced Material Home Mortgage Disclosure Act Information (Foreclosure -- Response.org): 2009 Geographic Identifier CT #49 CT #51 CT #52 CT #53 CT #12 CT #5* CT #16* Omaha Median Value of First
More informationPUBLIC DISCLOSURE. May 29, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION. Midland FS&LA Charter Number 704475
SMALL BANK Comptroller of the Currency Administrator of National Banks Washington, DC 20219 PUBLIC DISCLOSURE May 29, 2012 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Midland FS&LA Charter Number
More informationRochester, Minnesota. Summary. Housing Market Area. Market Details. Rental Market. Economy. Sales Market
Rice C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S Rochester, Minnesota U.S. Department of Housing and Urban Development Office of Policy Development and Research As of July 1, 2011
More informationVOIT REPORTS POSITIVE ABSORPTION FOR OFFICE AND LOW INDUSTRIAL VACANCY IN ORANGE COUNTY Q1 MARKET REPORTS
Contact: Jerry Holdner Voit Real Estate Services (949) 263-5371 Jholdner@voitco.com VOIT REPORTS POSITIVE ABSORPTION FOR OFFICE AND LOW INDUSTRIAL VACANCY IN ORANGE COUNTY Q1 MARKET REPORTS Orange County,
More informationSummary. Abbas P. Grammy 1 Professor of Economics California State University, Bakersfield
The State of the Economy: Kern County, California Summary Abbas P. Grammy 1 Professor of Economics California State University, Bakersfield Kern County households follow national trends. They turned less
More informationReport on Nevada s Housing Market
July Report on Nevada s Housing Market This series of reports on Nevada s Housing Market is co-presented by the Lied Institute for Real Estate Studies at the University of Nevada, Las Vegas and the State
More informationEconomic Impact and Development Analysis. Proposed Sports Entertainment District
THE LONDON GROUP Economic Impact and Development Analysis Proposed Sports Entertainment District Prepared For: The City of Escondido November 2010 The London Group 2010 Report Prepared by: Gary H. London,
More informationHUD PD&R Housing Market Profiles
Philadelphia, Pennsylvania Quick Facts About Philadelphia By Timothy D. McNally Current sales market conditions: slightly soft. Current apartment market conditions: balanced. Of the top 10 employers in
More informationTexas Homebuyers and Sellers Report 2015 Edition Release date: March 2, 2015
Texas Homebuyers and Sellers Report 2015 Edition Release date: March 2, 2015 Contact: Stacy Armijo Pierpont Communications 512-448-4950 sarmijo@piercom.com About the Texas Homebuyers and Sellers Report
More informationSHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP)
CITY OF OCALA SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS COVERED 2013/2014, 2014/2015 AND 2015/2016-1 - Table of Contents Title Page #. Section I. Program Description: 3 Section II. Strategies:
More informationLake County. Government Finance Study. Supplemental Material by Geography. Prepared by the Indiana Business Research Center
County Government Finance Study Supplemental Material by Geography Prepared by the Indiana Business Research www.ibrc.indiana.edu for Sustainable Regional Vitality www.iun.edu/~csrv/index.shtml west Indiana
More informationLents Town Center Mixed-Use Market Study Office Market Analysis Lents, Oregon
Lents Town Center Mixed-Use Market Study Office Market Analysis Lents, Oregon Portland Development Commission January 2008 Draft Copy 9220 SW Barbur Boulevard Portland, Oregon 97219 503.636.1659 www.marketekinc.com
More informationFederal Reserve Bank of Dallas A Banker s Quick Reference Guide to CRA
Federal Reserve Bank of Dallas A Banker s Quick Reference Guide to CRA This publication is a guide to the CRA regulation and examination procedures. It is intended for bank CEOs, presidents, and CRA and
More informationSINGLE FAMILY DEVELOPMENT
SINGLE FAMILY DEVELOPMENT Agenda April 1 Introductions Background of class participants Ground rules Course outline and objectives The single family crisis Single family versus multifamily development
More informationMODERATE INCOME HOUSING UNIT PROGRAM PRICE & RENT SUMMARY FOR LOW INCOME ALTERNATIVE January 1 through June 30, 2016*
MODERATE INCOME HOUSING UNIT PROGRAM PRICE & RENT SUMMARY FOR LOW INCOME ALTERNATIVE January 1 through June 30, 2016* For-Sale Pricing Unit Type Base House Price Maximum Rents Maximum Unit Size Rent One
More informationCITY OF CAMBRIDGE, MASSACHUSETTS. Housing Profile
CITY OF CAMBRIDGE, MASSACHUSETTS Housing Profile Cambridge Community Development Department August 2010 CAMBRIDGE HOUSING MARKET INFORMATION TABLE OF CONTENTS GENERAL INFORMATION 1. 2010 Cambridge Housing
More informationAnalysis of the Ventura, California Housing Market
COMPREHENSIVE MARKET ANALYSIS REPORTS Policy Development & Research Analysis of the Ventura, California Housing Market As of September 1, 2004 ECONOMIC RESEARCH U.S. Department of Housing and Urban Development
More informationComprehensive Housing Needs Assessment for Olmsted County, Minnesota
Comprehensive Housing Needs Assessment for Olmsted County, Minnesota 612.338.0012 1221 Nicollet Mall, Suite 218 Minneapolis, MN 55403 www.maxfieldresearch.com February 7, 2014 Mr. Paul Fleissner Director
More informationInvestment Property Offering
Investment Property Offering The Slope Apartments Stable market area with strong population and employment growth Value add opportunity with loss to lease below market rents Strong market demand with easy
More informationHUD PD&R Housing Market Profiles
Dayton, Ohio Quick Facts About Dayton By Felipe Chacon Current sales market conditions: soft. Current rental market conditions: soft. Current apartment market conditions: slightly soft. Tech Town, a 40-acre
More informationHabitat for Humanity of Charlotte Economic Impact Analysis 2013
Habitat for Humanity of Charlotte Economic Impact Analysis 2013 Prepared by Habitat for Humanity of Charlotte Reviewed by the Center for Real Estate Belk College of Business August 2013 Executive Summary
More informationAffordable Dwelling Unit Ordinance
Affordable Dwelling Unit Ordinance The following model ordinance establishes a voluntary program for encouraging supported affordable housing units through the review process of new developments. It is
More information2014 Individual Income Tax Changes. Individual Income Tax Law changes effective for tax years beginning on or after January 1, 2014
2014 Individual Income Tax Changes Individual Income Tax Law changes effective for tax years beginning on or after January 1, 2014 Revised 10/15/2014 The NC Department of Revenue provides this information
More informationMortgage Meltdown Is Every State Impacted?
Mortgage Meltdown Is Every State Impacted? Good morning and thank you for taking your valuable time to learn more about the current status of the mortgage lending industry. I am glad to have the opportunity
More informationFederal Home Loan Bank of Cincinnati Affordable Housing Program
Federal Home Loan Bank of Cincinnati Affordable Housing Program Damon V. Allen, Presenter 2014 National Community Land Trust Conference This presentation may contain forward-looking statements that are
More informationMinneapolis St. Paul Residential Real Estate Index
University of St. Thomas Minneapolis St. Paul Residential Real Estate Index Welcome to the latest edition of the UST Minneapolis St. Paul Residential Real Estate Index. The University of St Thomas Residential
More informationSan Antonio-New Braunfels, Texas
Goliad C O M P R E H E N S I V E H O U S I N G M A R K E T A N A L Y S I S San Antonio-New Braunfels, Texas U.S. Department of Housing and Urban Development Office of Policy Development and Research As
More informationUS HOUSING MARKET MONTHLY
US HOUSING MARKET MONTHLY th Oct. Editor: Ed Stansfield New build sales finally making some headway Overview: The drop in mortgage rates towards the end of September has given mortgage applications a boost,
More informationRFP for Construction/Rehabilitation/Permanent Financing for Multi-Family and Single Family Projects Located in the City of Miami Q&A
RFP for Construction/Rehabilitation/Permanent Financing for Multi-Family and Single Family Projects Located in the City of Miami Q&A Question 1 Page 6 of the RFP states that "Only Not-For Profit Applicants
More information2006 Denver Housing Market Analysis
2006 Denver Housing Market Analysis Final Report October 23, 2006 2006 Denver Housing Market Analysis Prepared for Denver Housing Plan Task Force City and County of Denver Enterprise Community Partners
More informationA Snapshot of Affordable Housing Need in Naperville
A Snapshot of Housing Need in Produced by: Business Professional People for the Public Interest (BPI) 25 East Washington, Suite 1515 Chicago, IL 60602 (312) 641-5570 December 2006 A Shifting Economy; A
More informationThe Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize the Housing Market and Help American Homeowners February 2015 U.S. Department of Housing and Urban Development Office of Policy Development and Research
More informationCOUNTY PROFILE tipton county
COUNTY PROFILE tipton county population households and housing economy education and poverty transporation data sources prepared by Memphis Area Association of Governments preface The purpose of the County
More informationVI. HOUSING ELEMENT PURPOSE STANDARDS EXISTING CONDITIONS. Comprehensive Plan City of New Smyrna Beach, Florida CURRENT HOUSEHOLDS
VI. HOUSING ELEMENT PURPOSE Comprehensive Plan The purpose of the is to provide guidance to the City to develop appropriate plans and policies to meet identified or projected deficits in the supply of
More informationWest Palm Beach-Boca Raton- Boynton Beach, Florida
COMPREHENSIVE HOUSING MARKET ANALYSIS West Palm Beach-Boca Raton- Boynton Beach, Florida U.S. Department of Housing and Urban Development Office of Policy Development and Research As of January 1, 2014
More informationThe Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners April 2014 U.S. Department U.S Department of Housing of Housing and Urban and Urban Development Development
More informationTexas Homebuyers and Sellers Report Release date: March 1, 2016
Texas Homebuyers and Sellers Report Release date: March 1, 2016 Contact: Danielle Urban Pierpont Communications 512-448-4950 durban@piercom.com About the Texas Homebuyers and Sellers Report The Texas Homebuyers
More informationU.S. Census Bureau News
U.S. Census Bureau News Robert R. Callis Melissa Kresin Social, Economic and Housing Statistics Division (301) 763-3199 U.S. Department of Commerce Washington, D.C. 20233 For Immediate Release Thursday,
More informationThe 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 informationNo Evidence of Disparate Impact in Texas Due to Use of Credit Information by Personal Lines Insurers
No Evidence of Disparate Impact in Texas Due to Use of Credit Information by Personal Lines Insurers January 2005 Robert P. Hartwig, Ph.D., CPCU, Senior Vice President & Chief Economist Insurance Information
More informationThe Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners
The Obama Administration s Efforts To Stabilize The Housing Market and Help American Homeowners July 2014 U.S. Department of Housing and Urban Development Office of Policy Development and Research U.S
More informationAustin Wilson, Agent awilson@realtylinkdev.com 864.263.5411 o 864.384.5892 c
Burlington NC - Midtowne Park - Available For Sale/Lease or Build To Suit +/- 1.78 Acres - +/- 4,560 SF University Drive and Rural Retreat Road, Burlington, NC 27215 For leasing information: Phil Wilson,
More informationA Banker s Quick Reference Guide to CRA
Federal Reserve Bank of Dallas A Banker s Quick Reference Guide to CRA As amended effective September 1, 2005 This publication is a guide to the CRA regulation and examination procedures. It is intended
More information