Demographics, migration and growth in...

Growth and Housing in Washington and Jefferson County

Michael Luis

September 29, 2011

Growth and Migration

A Sound Investment

Affordability

Re-thinking Growth Management

Michael Luis & Associates

Growth and Migration


Washington is growing


Jefferson County is really growing


Jefferson County is aging


. . . Far faster than the state


Migration has dominated growth


Migration really dominates Jefferson growth


Migration to the Sunbelt in the 2000s


Then the crash


In-migration remains strong in Jefferson Co.


Where are they coming from?


Who are they?


Why do they come here?


Implications for Realtors


Continued growth in Washington

Disconnect between incomes and house prices

Pent up demand

A Sound Investment


Washington homes are a good investment


A nation of renters?


1990 2000 2010 1990 2000 2010

Owner occupied 66.0% 67.6% 66.3% 73.9% 76.1% 74.3%

Renter occupied 34.0% 32.4% 33.7% 26.1% 23.9% 25.7%

Washington Jefferson County

Affordability


Re-thinking growth management


Twenty years is enough to see trends

Two key indicators

Single family and multi-family housing

Commute mode splits

No shift in housing type


Minor shift in commute mode


Time to reexamine GMA


Persistence of settlement patterns

Concentrate on jobs-housing balance

New policy drivers will be energy and climate change


Thank You!

Demographics, migration and growth in...

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