Columbus, Ohio 2011 Economic Forecast
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1 Columbus, Ohio 2011 Economic Forecast Building Industry Association Of Central Ohio March 9, 2011 The Danter Company Binns Real Estate Services Columbus Board of Realtors
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Columbus, Ohio 2011 Economic Forecast. Building Industry Association Of Central Ohio March 9, 2011 The Danter Company Binns Real Estate Services Columbus Board of Realtors. Thanks To Binns Real Estate Services for some of the data used in this presentation. - PowerPoint PPT Presentation
Transcript of Columbus, Ohio 2011 Economic Forecast
1
Columbus, Ohio2011 Economic
Forecast
Building Industry AssociationOf Central OhioMarch 9, 2011
The Danter Company Binns Real Estate ServicesColumbus Board of Realtors
2Thanks To Binns Real Estate Services for some of the data used in this presentation
NEW HOME CLOSINGS1998 - 2010
0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
3Thanks To Binns Real Estate Services for some of the data used in this presentation
CONDOMINIUM SALES BY YEAR COLUMBUS MSA
2002 - 2010
2034
2319
28922712
20551932
1225
865 800
0
500
1000
1500
2000
2500
3000
3500
2002 2003 2004 2005 2006 2007 2008 2009 2010
4Thanks To Binns Real Estate Services for some of the data used in this presentation
RESIDENTIAL RESALE TRENDS COLUM BUS M SA 2003 - 2008
2430526660 27493
2625124445
2115320235 19676
976011181
1399515644 16307
13533 1316214495
0
5000
10000
15000
20000
25000
30000
2003 2004 2005 2006 2007 2008 2009 2010
Source: Columbus Board of Realtors
SALES
LISTINGS
5Thanks To Binns Real Estate Services for some of the data used in this presentation
APARTMENT VACANCY RATES 1999 - 2010
6.2%6.7% 6.8%
8.1%8.9%
10.3%
12.4%11.8%
8.7%
7.4%
8.7%9.1%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
6Thanks To Binns Real Estate Services for some of the data used in this presentation
THE “TAKE HOME” MARKET “IN BALANCE” AND BEGINNING TO BUILD DEFICITS
2011 INFLUENCED BY:
PUBLIC POLICY
LENDING POLICY
CONSUMER CONFIDENCE
POTENTIAL FOR CATASTROPHIC EVENTS
MODEST INCREASES IN SALES IN 2011
STABILIZED PRODUCTION 3,600 UNITS PER YEAR
DEMOGRAPHIC TRENDS WILL INFLUENCE HOUSING INDUSTRY
7Thanks To Binns Real Estate Services for some of the data used in this presentation
8Thanks To Binns Real Estate Services for some of the data used in this presentation
9Thanks To Binns Real Estate Services for some of the data used in this presentation
10Thanks To Binns Real Estate Services for some of the data used in this presentation
11Thanks To Binns Real Estate Services for some of the data used in this presentation
