WHERE ARE ARIZONA DEMOGRAPHICS TAKING US? HOW GROWING SLOWER, OLDER AND MORE DIVERSE AFFECTS REAL ESTATE
|
|
- Nathaniel Paul
- 5 years ago
- Views:
Transcription
1 WHERE ARE ARIZONA DEMOGRAPHICS TAKING US? HOW GROWING SLOWER, OLDER AND MORE DIVERSE AFFECTS REAL ESTATE March 2017 Tom Rex Office of the University Economist and Center for Competitiveness and Prosperity Research, L. William Seidman Research Institute
2 OVERALL POPULATION Annual population estimates are expressed as of July 1. Estimates for Arizona and its counties are available back to 1929 from the U.S. Department of Commerce, Census Bureau. In addition, the Arizona Office of Employment and Population Statistics (OEPS) has produced annual estimates since The 2016 population of Arizona was million according to the OEPS and million according to the Census Bureau. Using OEPS estimates, two thirds of the population lived in the metro Phoenix area (Maricopa and Pinal counties), less than 15% in the Tucson area (Pima County), and less than 19% in the balance of the state (the other 12 counties).
3 Annual Population Change, United States (Census Bureau) 3,600,000 3,000,000 2,400,000 1,800,000 1,200, ,
4 Annual Population Change, Arizona (Census Bureau) 200, , , , , ,000 80,000 60,000 40,000 20,
5 Annual Population Change, Arizona 200, , , , , ,000 80,000 60,000 40,000 20, OEPS Census Bureau
6 Annual Population Change Within Arizona (Census Bureau) 140, , ,000 80,000 60,000 40,000 20, Metro Phoenix Metro Tucson Balance of State
7 Annual Population Change Within Arizona (OEPS) 150, , ,000 75,000 50,000 25, , Metro Phoenix Metro Tucson Balance of State
8 Annual Average Population Change by Economic Cycle, Arizona (Census Bureau Through 2000, OEPS Since) 160, , , ,000 80,000 60,000 40,000 20,
9 Annual Average Population Change by Economic Cycle Within Arizona (Census Bureau Through 2000, OEPS Since) 120, ,000 80,000 60,000 40,000 20, Metro Phoenix Metro Tucson Balance of State
10 Arizona s Share of the National Population (Census Bureau for Nation) 2.25% 2.00% 1.75% 1.50% 1.25% 1.00% 0.75% Census Bureau Estimates OEPS Estimates
11 Annual Population Percent Change, Arizona (Census Bureau Through 2000, OEPS Since) 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0%
12 COMPONENTS OF POPULATION CHANGE Population change consists of the sum of: Net natural change (births minus deaths) Net migration (in-migration minus out-migration) When possible, net migration is split into two pieces: Net domestic migration Net international migration
13 Births and Deaths
14 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, ,000 Net Natural Change, United States (National Center for Health Statistics) Births Deaths Net Natural Change
15 Net Natural Change, Arizona (Arizona Department of Health Services) 120, ,000 80,000 60,000 40,000 20, Births Deaths Net Natural Change
16 Crude Rates of Net Natural Change, Arizona (Arizona Department of Health Services) Births Deaths Net Natural Change
17 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 Births by Race/Ethnicity of Mother, Arizona (Arizona Department of Health Services) 5, White non-hispanic Hispanic or Latino Other
18 Total Fertility Rate (Arizona Department of Health Services and World Bank) 3,400 3,200 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1, Arizona Replacement Rate United States
19 Total Fertility Rate by Race/Ethnicity, Arizona (Arizona Department of Health Services) 3,400 3,200 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1, Hispanic NH Black NH Asian NH White NH Native American
20 Migration Net international migration as a share of the nation s population change since 1970 has averaged 38.5%, but has varied from less than 20% to more than 50%. Net migration international and domestic as a share of Arizona s population change has averaged 66.7% since 1970, but has varied from negative to 80%.
21 Components of Population Change, United States (Census Bureau and National Center for Health Statistics) 2,100,000 1,800,000 1,500,000 1,200, , , , Net Natural Change Net International Migration
22 Components of Population Change, Arizona (Census Bureau, OEPS, and Arizona Department of Health Services) 160, , , ,000 80,000 60,000 40,000 20, ,000-40, Net Natural Change Net Migration
23 Components of Population Change, Arizona (Decennial Census Counts and Vital Records) 1,600,000 1,400,000 1,200,000 1,000, , , , , Population Change Net Migration Net Natural Change
24 Components of Population Change, Arizona, 2010 Through 2016 (Census Bureau Estimates) Population Change Net Migration Net Natural Change Births Deaths Net International Migration Net Domestic Migration -400, , , , ,000
25 Migration From Another State or From Abroad, United States (Census Bureau) 12,000 10,000 8,000 6,000 4,000 2, % 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Number in Thousands (left axis) Percent (right axis)
26 Percentage of the U.S. Population Moving in a Year (Census Bureau) 25% 20% 15% 10% 5% 0%
27 Net Migration Rate, Arizona (University of Wisconsin)
28 Net Domestic Migration, Arizona (Internal Revenue Service) 250, , , , , , ,000 75,000 50,000 25, , In-Migration Out-Migration Net Migration
29 DEMOGRAPHIC CHARACTERISTICS OF THE POPULATION Characteristics of the population include race/ethnicity, age, homeownership, etc. The decennial census was the primary source of this information through The American Community Survey (ACS) has provided such information annually since 2005, but survey error is a concern.
30 Race/Ethnicity
31 Race/Ethnicity, Share of Population, Arizona (Decennial Census) 80% 70% 60% 50% 40% 30% 20% 10% 0% Hispanic origin NH Black NH Asian or Pacific Islander NH White NH Native American NH Other race
32 Race/Ethnic Distribution, Arizona Less United States, 2015 (American Community Survey) Hispanic NH White NH Black NH Native American NH Asian NH Other -10% -5% 0% 5% 10% 15%
33 Race/Ethnicity, Percentage Point Change in Share, Arizona (Census Bureau) NH Other/Multiple Race NH Asian or Pacific Islander NH Native American NH Black NH White Hispanic origin
34 Race/Ethnicity, Projected Share of Population, Arizona (OEPS) 60% 50% 40% 30% 20% 10% 0% Hispanic origin NH Black NH Asian or Pacific Islander NH White NH Native American NH Other race
35 Per Capita Income by Race/Ethnicity, Arizona, 2015 (American Community Survey) Hispanic Asian Native American Black NH White TOTAL $0 $7,500 $15,000 $22,500 $30,000 $37,500
36 Age As defined by generation birth dates: G.I. Generation ( Greatest Generation ): roughly (ages 90 and older) Silent Generation : roughly (ages 71-89) Baby-Boom Generation : (ages 52-70) Baby-Bust Generation ( Generation X ): 1965-roughly 1980 (ages 36-51) Millennial Generation ( Generation Y or Baby-Boom Echo ): roughly (ages 16-35) Post-Millennial Generation ( Generation Z ): roughly since 2001 (younger than 16)
37 Number of Births in United States and Generations 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000, G.I. Silent Baby Boom Baby Bust Millennial Post-Millenial
38 Age Distribution, Arizona Less United States, 2015 (American Community Survey) <5-0.8% -0.6% -0.4% -0.2% 0.0% 0.2% 0.4% 0.6% 0.8%
39 Change in Population by Age Group, Arizona, 2010-to-2015 (American Community Survey) 105,000 90,000 75,000 60,000 45,000 30,000 15, ,000-30,000 < % 30% 25% 20% 15% 10% 5% 0% -5% -10% Numeric Change (left axis) Percent Change (right axis)
40 Percent Change in Population by Age Group, 2010 to 2015, Arizona Less United States (American Community Survey) 20% 15% 10% 5% 0% -5% < Age Group Overall
41 8% 7% 6% 5% 4% 3% 2% Share of Population by Age Group, Arizona (Census Bureau and OEPS Projections) 1% < Age Group
42 Change in Share of Population by Age Group, Arizona (Census Bureau and OEPS Projections) 4% 3% 2% 1% 0% -1% -2% -3% -4% Age Group
43 Share of Population by Age Group and Race/Ethnicity, Arizona, 2015 (American Community Survey) 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% < NH White Hispanic Other
44 Share of Age-Group Population by Race/Ethnicity, Arizona (American Community Survey, 2015) 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Total < Age Group NH White Hispanic Other
45 Migration Rate by Age Group, Arizona (University of Wisconsin) Age Group
46 Migration From Another State or From Abroad, United States, , by Age Group (Census Bureau) 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% <
47 Percentage of the U.S. Population Who Moved in , by Age Group (Census Bureau) 25% 20% 15% 10% 5% 0% <
48 Educational Attainment of Workers, Ages 25 to 64, in % 35% 30% 25% 20% 15% 10% 5% 0% Less than high school graduate High school graduate Some college or associate's degree Bachelor's degree or higher United States Arizona
49 Educational Attainment, Age 25 and Older High School Graduate or More Bachelor s Degree or More 90% 35% 80% 30% 70% 25% 60% 20% 50% 15% 40% 10% 30% 5% 20% % United States Arizona United States Arizona
50 Homeownership
51 69% 67% 65% 63% 61% 59% 57% Homeownership (American Community Survey) 55% Arizona United States
52 Homeownership by Race/Ethnicity of Householder, Arizona, 2015 (American Community Survey) Hispanic Asian Native American Black NH White TOTAL 0% 10% 20% 30% 40% 50% 60% 70%
53 Homeownership by Age of Householder, Arizona (American Community Survey) 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% < Age Group
54 Homeownership by Educational Attainment of Householder, Arizona, 2015 (American Community Survey) Bachelor's degree or higher Some college or associate's degree High school graduate (including equivalency) Less than high school graduate TOTAL 0% 25% 50% 75%
55 Summary of Demographic Effects on Real Estate Slower: Lesser population and economic growth than what has been experienced historically lesser demand for all types of real estate. Older: As people age, they move less frequently, resulting in fewer home sales. An aging population also purchases smaller homes with smaller yards. Health-related businesses and the real estate supporting them experience greater demand. More Diverse: As the population composition shifts from non- Hispanic whites to Hispanics, residential real estate is affected. The lower incomes of Hispanics means lower homeownership and a higher proportion of lower-priced homes being sold. Demand increases for moderate-priced apartments and rental single-family homes.
56 Why Has the Growth Rate in Arizona in This Cycle Been So Slow? Elliott Pollack cited two factors: The subnormal national economic recovery. The slowdown in population flows nationally and locally, which has the following effects: Lower job creation in population-support activities. Slower absorption of excess inventory. Even after controlling for the national growth rate, aggregate growth rates in Arizona still are far below the historical norm. Lesser net immigration and lower domestic migration rates nationally contribute to, but do not fully explain, Arizona s much slower growth.
57 Annual Average Real Percent Change, Arizona Difference From U.S. Average 5% 4% 3% 2% 1% 0% -1% -2% Economic Cycle, Peak to Peak Employment Per Capita Earnings Per Worker Earnings
58 Percent Change, Arizona Less United States, Current Cycle Recession: Per Worker GDP Per Worker Earnings Per Capita GDP Per Capita Personal Income Gross Domestic Product Employment Expansion: Per Worker GDP Per Worker Earnings Per Capita GDP Per Capita Personal Income Gross Domestic Product Employment -10% -8% -6% -4% -2% 0% 2%
59 Economic Dichotomy Base (traded-sector) economic activities drive regional economies, but account for only about 30 percent of total employment. Traded economic activities are those that sell their goods and services to customers outside the region. Importing money into the region is necessary since leakages of money are inevitable no region produces all of the goods and services desired by its residents. Most traded activities can locate anywhere, since their customers are spread out across the country or the world. Economic development focuses on attracting, growing, and retaining traded activities.
60 Economic Dichotomy (cont d) Local (nontraded) economic activities are location specific since they sell their goods and services to customers within the region. Local activities do not display geographic concentrations across the country. Their presence is largely proportional to a region s size, as defined by purchasing power. While an integral part of a regional economy, nontraded activities do not import money into the region. Their presence is due to the traded activities. Traded activities drive the economy while nontraded activities respond to growth in the traded activities.
61 Economic Development Economic development focuses on base activities. Success is dependent on an area s business climate/competitiveness. The most important site selection factors are 1. Workforce quality and availability: largely dependent on education achievement and attainment and workforce training. 2. Physical infrastructure quality and availability: transportation, utilities, telecommunications, etc. 3. Costs: particularly labor, but also taxes (evaluated in relation to the availability and quality of public services), real estate, and energy.
62 Arizona s Business Climate Arizona generally compares favorably on cost measures. Arizona is in the middle of the states on the physical infrastructure. On workforce quality the most important factor Arizona compares unfavorably. Its evaluation on workforce quality has declined over time. Overall, Arizona ranks in the middle of the states on the most reliable studies of business climate: #27 according to the Beacon Hill Institute and #26 according to Forbes.
Demographic Change in North Carolina
Demographic Change in North Carolina 5 Trends to Watch North Carolina Aggregates Association June 29, 2017 Rebecca Tippett, PhD Director, Carolina Demography July 1 Population (Millions) North Carolina
More informationTexas Housing Markets: Metropolitan vs. Border Communities. September 22, 2014
Texas Housing Markets: Metropolitan vs. Border Communities Luis Bernardo Torres Ruiz, Ph.D. Research Economist El Paso Branch Dallas Federal Rio Grande Economic Association September 22, 2014 Contents
More informationNebraska s Population and Economic Trends
Nebraska s Population and Economic Trends Jerry Deichert, David Drozd UNO Center for Public Affairs Research Twenty-first Annual Nebraska State Data Center Summer Conference August 17, 2010 CPACS Collaborating
More informationWenlin Liu, Senior Economist. Stateof Wyoming. Economic Analysis Division State of Wyoming 1
WYOMING DEMOGRAPHIC AND ECONOMIC TREND LCCC LIFE Program April 7, 2012 Cheyenne, Wyoming Wenlin Liu, Senior Economist Economic Analysis Division Stateof Wyoming Economic Analysis Division State of Wyoming
More informationMichigan Population Trends: The School Age Population
Michigan Population Trends: The School Age Population Eric Guthrie Michigan s State Demographer January 16, 2018 State Demographer Michigan s liaison with the U.S. Census Bureau for most programs including
More informationThe Wisconsin and Minnesota Economies: What can we learn from each other? Noah Williams
The Economies: What can we learn from each other? Noah University of Wisconsin - Madison Future Wisconsin Summit 2016 Economies Location, size, demographics, and history make Wisconsin and Minnesota natural
More informationLarry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee
Larry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee The U.S. economy has now enjoyed 7 years of economic growth since the Great Recession Real GDP grew by 1.2% in
More informationDemographic Characteristics and Trends of Bexar County and San Antonio, TX
Demographic Characteristics and Trends of Bexar County and San Antonio, TX Leadership San Antonio Understand Infrastructure. Prepare for Growth. May 2, 2012 San Antonio, TX Select Growing States, 2000-2010
More informationThe Outlook for Real Estate and Residential Construction. Patrick M. Barkey, Director Bureau of Business and Economic Research University of Montana
The Outlook for Real Estate and Residential Construction Patrick M. Barkey, Director Bureau of Business and Economic Research University of Montana Montana s Real Estate Performance: Getting Back to Boom
More informationNC Demographic Trends Through 2035
NC Demographic Trends Through 2035 House Select Committee on Strategic Transportation Planning and Long Term Funding Solutions February 22, 2016 Rebecca Tippett, University of North Carolina July 1 Population
More informationSpring Time for Housing
Spring Time for Housing Arizona State University December 2 nd, 2015 Presented By: Elliott D. Pollack CEO, IN PHOENIX 1 2 The World has Changed Pre-2007 Post-2007 3 Employment Growth From Bottom of Recession
More information2016 Texas Prosperity Conference The Barnhill Center Brenham, Texas August 26, Dr. James P. Gaines Chief Economist. recenter.tamu.
2016 Texas Prosperity Conference The Barnhill Center Brenham, Texas August 26, 2016 Dr. James P. Gaines Chief Economist recenter.tamu.edu Housing and People 2 Texas Population 1910-2050 60,000,000 50,000,000
More informationNC Demographic Trends Through 2035
NC Demographic Trends Through 2035 Joint Appropriation Committee on Transportation February 21, 2017 Rebecca Tippett, PhD Director, Carolina Demography July 1 Population (Millions) North Carolina s Total
More informationMore of the Same; Or now for Something Completely Different?
More of the Same; Or now for Something Completely Different? C2ER Place cover image here Richard Wobbekind Chief Economist and Associate Dean for Business and Government Relations June 14, 2017 Real GDP
More informationAn American Profile: The United States and Its People
An American Profile: The United States and Its People 1 153641_EM_AmPro.indd 1 12/16/8 11:1:32 PM An American Profile: The United States and Its People 3 Table 1 Population, Percentage Change, and Racial
More informationUtah s Demographic Transformation
Utah s Demographic Transformation A View into the Future Pamela S. Perlich, Ph.D. University Of Utah December 3, 2009 Based on a paper with the same title, available on-line: www.bebr.utah.edu Utah: Trend
More informationNot For Sale. An American Profile: The United States and Its People
An American Profile: The United States and Its People Not For Sale 1 759_EM_AmPro_ptg1.indd 1 Not For Sale 759_EM_AmPro_ptg1.indd 2 An American Profile: The United States and Its People 3 Table 1 Population,
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Update.
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Update February 26, 2013 The Worst Recession Since the Great Depression 0% Loss from Peak
More informationNebraska Births Report: A look at births, fertility rates, and natural change
University of Nebraska Omaha DigitalCommons@UNO Publications since 2000 Center for Public Affairs Research 7-2008 Nebraska Births Report: A look at births, fertility rates, and natural change David J.
More informationColorado Economic Update
Colorado Economic Update Steamboat Economic Summit Place cover image here Brian Lewandowski Associate Director, Business Research Division October 21, 2016 Recession 8 Months Recession 18 Months Real GDP
More informationUnderstanding the. Dr. Christopher Waller. Federal Reserve Bank of St. Louis
Understanding the Unemployment Picture Dr. Christopher Waller Senior Vice President and Director of fresearch Federal Reserve Bank of St. Louis By David Andolfatto and Marcela Williams A Look at Unemployment
More informationTelling Canada s story in numbers Elizabeth Richards Analytical Studies Branch April 20, 2017
Recent Developments in the Canadian Economy: How have the decline in oil prices and a weaker Canadian dollar affected Canada s economy? www.statcan.gc.ca Telling Canada s story in numbers Elizabeth Richards
More informationSmall Business Dynamics and Job Creation. Small Business Numbers, Pretty Pictures and Not So Pretty Pictures
Small Business Dynamics and Job Creation Or Small Business Numbers, Pretty Pictures and Not So Pretty Pictures Brian Headd Office of Advocacy U.S. Small Business Administration Employers 8,000,000 7,500,000
More informationA Threatened Bay: Challenges to the Future of the Penobscot Bay Region and its Communities
A Threatened Bay: Challenges to the Future of the Penobscot Bay Region and its Communities 1 A A Threatened Bay: Challenges to the Future of the Penobscot Bay Region and its Communities In 1996 the Island
More informationEconomic Growth in the Trump Economy
Economic Growth in the Trump Economy Presented to State Data Center Conference William F. Fox, Director November 18, 2016 GDP Grows, Though Slowly 10.0 8.0 Percentage Change, Previous Qtr, SAAR 6.0 4.0
More informationThe Auction Market In 2015 & 2016 Review & Forecast. Dr. Ira Silver NAAA Economist
The Auction Market In 2015 & 2016 Review & Forecast Dr. Ira Silver NAAA Economist silver@naaa.com Agenda Economic conditions Economic outlook Light vehicle sales Light vehicle sales outlook NAAA 2015 Annual
More informationFuture of Housing Trends and the Housing Market Demographic Waves in the Region and Future of Housing. Illinois Finance Forum January 25, 2019
Future of Housing Trends and the Housing Market Demographic Waves in the Region and Future of Housing Illinois Finance Forum January 25, 2019 Millions OUR STATE S POPULATION 2000-2017 13.0 12.4 M 12.9
More informationEconomic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
Economic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business January 3, 2019 The forecasts and commentary do not constitute
More informationPopulation & Demographics
Population & Demographics Conditions and Trends When looking at trends in the total number of people living in Windham (population) and at the characteristics of the people who live here by factors such
More informationEducation Committee Economic Background and Issue Review
Education Committee Economic Background and Issue Review Montpelier, Vermont January 22, 2014 Thomas E. Kavet State Economist and Principal Economic Advisor to the Vermont State Legislature Since 1996
More information2017 Nebraska Profile
2017 Nebraska Profile State, 9 NEW Regions, 93 Counties, plus 31 Cities Three Volumes Demographic Change in the State Economic Influences at Work Housing Statistics and Trends Summary of Findings Discuss
More informationAlaska s Economic Climate
Alaska s Economic Climate Alaska PTAC Statewide Procurement Conference April 2nd, 2015 Alaska Department of Labor and Workforce Development, Research Section, Neal Fried, Economist Alaska--Boom, Bust
More information2014 Economic Indicators, Trends & Observations. 51 South Main Street Janesville, WI P F RockCountyAlliance.
2014 Economic Indicators, Trends & Observations 51 South Main Street Janesville, WI 53545 P.608.757.5598 F.608.757.5586 RockCountyAlliance.com Indicators, Trends & Observations National Level State of
More informationHEALTH INSURANCE COVERAGE STATUS American Community Survey 1-Year Estimates
S2701 HEALTH INSURANCE COVERAGE STATUS 2014 American Community Survey 1-Year Estimates Supporting documentation on code lists, subject definitions, data accuracy, and statistical testing can be found on
More informationThe Virginia Economy: Labor Markets and Workforce
The Virginia Economy: Labor Markets and Workforce April 4, 2017 Sonya Ravindranath Waddell Regional Economist Research Department The views and opinions expressed herein are those of the author. They do
More informationGrowth, Innovation, and the Future of the Arizona Economy. Michael Crow Arizona State University December 21, 2016
Growth, Innovation, and the Future of the Arizona Economy Michael Crow Arizona State University December 21, 2016 Billions Arizona Gross Domestic Product, 2005-2016 $280 $275 $270 $265 $260 $255 $250 $245
More informationNevada County Population Projections 2015 to 2034
Nevada County Population Projections 2015 to 2034 Prepared By: Jeff Hardcastle, AICP Nevada State Demographer Nevada Department of Taxation Reno Office: 4600 Kietzke Lane, Building L Suite 235 Reno, NV
More informationCommunity & Transportation Preferences Survey
Community & Transportation Preferences Survey Webinar: August 5, 2015 Hugh Morris, AICP, LEED Realtor.org Jennifer Dill, Ph.D. trec.pdx.edu 1 Introduction National Association of Realtors Over 1,000,000
More informationZions Bank Economic Overview
Zions Bank Economic Overview Kenworth National Dealers Conference November 8, 2018 1 National Economic Conditions 2 Volatility Returns to the Stock Market 27,000 Dow Jones Industrial Average October 10,
More informationFrom Recession to Recovery
From Recession to Recovery Monday, April 26, 2010 8:00 AM - 9:15 AM Moderator Michael Klowden, President and CEO, Milken Institute Speakers Mohamed El-Erian, CEO and Co-Chief Investment Officer, Pacific
More informationNet Migration to Montana Growth in the Gallatin. Net Migration to Eastern/Northern Montana. Resident Population July 1, 2006 (in 1000s)
Growth in the Gallatin Douglas J. Young Professor of Economics Montana State University January 16, 28 2, 15, 1, 5, -5, -1, Net Migration to Montana 199-2 1-19 2-29 3-39 4-49 5-59 6-69 7-79 Census 199
More informationDeveloping Regional Solutions In Southeast Michigan
Developing Regional Solutions In Southeast Michigan Presentation to Metropolitan Detroit Medical Library Group March 15, 2018 Membership Map 171 Total Members Including education members: Livingston Educational
More informationMARKET AND CAPACITY UPDATE. Matthew Marsh September 2016
MARKET AND CAPACITY UPDATE Matthew Marsh September 2016 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
More informationU.S. and Colorado Economic Outlook National Association of Industrial and Office Parks. Business Research Division Leeds School of Business
U.S. and Colorado Economic Outlook National Association of Industrial and Office Parks Presented by the Business Research Division Leeds School of Business University of Colorado at Boulder U.S. Economic
More informationBig Changes, Unknown Impacts
Big Changes, Unknown Impacts Boulder Economic Forecast Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January 17, 2018 Real GDP Growth
More informationBoulder Economic Summit The Future of the Talent-Driven Economy
Boulder Economic Summit The Future of the Talent-Driven Economy Richard Wobbekind Executive Director Business Research Division & Senior Associate Dean Leeds School of Business National Employment Thousands,
More informationDemographic and Economic Trends in the Tri-State Region
Demographic and Economic Trends in the Tri-State Region James Gillard FEDERAL RESERVE BANK OF PHILADELPHIA Talk Outline Demographic Trends in the Region Economic Trends in the Region Regional Resources
More informationMonthly Indicators - 6.4% + 8.0% - 5.3% Market Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 The booming U.S. economy continues to prop up home sales and new listings in much of the nation, although housing affordability remains a concern. Historically, housing is still
More informationHouston and Tomball Economic and. Housing Outlook. recenter.tamu.edu. Dr. James P. Gaines Research Economist
Houston and Tomball Economic and Dr. James P. Gaines Research Economist Housing Outlook recenter.tamu.edu THE CURRENT SITUATION The Future Just Ain t What It Used to Be! Yogi Berra National Economic Recovery
More informationParticipation. Workers Compensation Insurance Seminar. May 22, Nick Beleiciks
Oregon s Falling Labor Force Participation Workers Compensation Insurance Seminar May 22, 2013 Nick Beleiciks Let s start with a simple graph. Oregon Employment Loss by Recession 0% % Job Loss from Peak
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic
More informationOld Dominion University 2017 Regional Economic Forecast. Strome College of Business
Old Dominion University 2017 Regional Economic Forecast January 25, 2017 Professor Vinod Agarwal Director, Economic Forecasting Project Strome College of Business www.odu.edu/forecasting The views expressed
More informationU.S. AUTO INDUSTRY UPDATE Federal Reserve Bank of Chicago Automotive Outlook Symposium. Emily Kolinski Morris Chief Economist May 2015
U.S. AUTO INDUSTRY UPDATE Federal Reserve Bank of Chicago Automotive Outlook Symposium Emily Kolinski Morris Chief Economist May 2015 NORTH AMERICA INDUSTRY VOLUME SUMMARY 13.1 Total North America* (Mils.)
More informationYour Texas Economy. Current through: Tuesday, Nov 20, 2018
Your Texas Economy Current through: Tuesday, Nov 20, 2018 Overview of Texas Economy The Texas economy is growing robustly in 2018 2018 job growth through October is 2.9 percent annualized compared to 2.1
More informationChanging Demographics in the U.S. and the Impact on Congress
Changing Demographics in the U.S. and the Impact on Congress Richard Fry, PhD Prepared for presentation to the HACU 16 th Annual National Capitol Forum on Hispanic Higher Education, Washington, DC April
More informationCharting a Path to Lift Off? Understanding the Shifting Economic Winds
Charting a Path to Lift Off? Understanding the Shifting Economic Winds Thomas F. Siems, Ph.D. Assistant Vice President and Senior Economist Federal Reserve Bank of Dallas Government Finance Officers Arlington,
More informationIssues in the Long-Term Economic Outlook for Canada
Policy and Economic Analysis Program Rotman School of Management University of Toronto Issues in the Long-Term Economic Outlook for Canada Office of the Chief Actuary Canada Pension Plan Seminar September
More informationNorthwest Economic Research Center College of Urban and Public Affairs Forecast Breakfast Economic Outlook
Northwest Economic Research Center College of Urban and Public Affairs 2019 Forecast Breakfast Economic Outlook 1/10/2019 2 U.S. ECONOMY 1/10/2019 3 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000
More information2018 Economic Outlook Forum Daraius Irani, Ph.D. Chief Economist, Regional Economic Studies Institute VP, Division of Strategic Partnerships and
2018 Economic Outlook Forum Daraius Irani, Ph.D. Chief Economist, Regional Economic Studies Institute VP, Division of Strategic Partnerships and Applied Research Towson University November 29, 2018 $19,000
More informationStuck in Neutral, Demographics, and A Sustainable Future?
to raise new ideas and improve policy debates through quality information and analysis on issues shaping New Hampshire s future. Stuck in Neutral, Demographics, and A Sustainable Future? New Hampshire
More informationrecenter.tamu.edu Dr. James P. Gaines Research Economist Real Estate Center at Texas A&M University
recenter.tamu.edu Dr. James P. Gaines Research Economist Real Estate Center at Texas A&M University Area Market Reports RECENTER.TAMU.EDU Tierra Grande Economic Review Videos, Audios & Presentations Data,
More informationcolorado.edu/business/brd
colorado.edu/business/brd Big Changes, Unknown Impacts Southwest Business Forum Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January
More informationDr. James P. Gaines Research Economist. recenter.tamu.edu
Dr. James P. Gaines Research Economist recenter.tamu.edu National Economic Recovery still Going 2 National Issues Expected GDP growth still modest: 2015 2.5%; personal consumption 2.5% Inflation not worrisome:
More informationZions Bank Economic Overview
Zions Bank Economic Overview Intermountain Credit Education League May 10, 2018 Dow Tops 26,000 Up 48% Since 2016 Election Jan 26, 2018 26,616 Oct 30, 2016 17,888 Source: Wall Street Journal Dow Around
More informationFixed Guideway Transit Outcomes on Rents, Jobs, and People and Housing
Fixed Guideway Transit Outcomes on Rents, Jobs, and People and Housing Arthur C. Nelson, Ph.D., ASCE, FAICP Professor of Planning and Real Estate Development University of Arizona 1 Changing Transportation
More informationEconomic and Real Estate Outlook
Economic and Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Charlottesville Area Association of REALTORS October 13, 2016 1990 1991 1992 1993
More informationDr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder Member FDIC VectraBank.com Economic Outlook 2015 Richard
More informationLocation Matters: Where America Is Moving
Location Matters: Where America Is Moving Nearly half of all American households plan to move at some point in the future. While some will move for a larger or nicer home, or perhaps to purchase a home
More informationCOOPERATIVE EXTENSION Bringing the University to You
COOPERATIVE EXTENSION Bringing the University to You Special Publication - 06-16 ECONOMIC IMPACT OF TOURISM ON COLORADO RIVER COMMUNITIES INCLUDING: LAUGHLIN BULLHEAD CITY FORT MOHAVE MOHAVE VALLEY GOLDEN
More informationThe University of Georgia
The University of Georgia Center for Agribusiness and Economic Development College of Agricultural and Environmental Sciences Economic Impacts of Alabama Quail Hunting Prepared by: Archie Flanders and
More informationNorth Carolina Competitiveness
ted@econleadership.com North Carolina Competitiveness NC 200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 The Punch Job Change 1990 to 2012 182,905 The loss of about 8 of our
More informationOakmont: Who are we?
Oakmont: Who are we? A Snapshot of our community from the April 2010 US Census Contents Age and Gender... 1 Marital Status... 2 Home Ownership and Tenure... 3 Past Demographic Characteristics... 5 Income
More informationWebinar: The Association Between Light Rail Transit, Streetcars and Bus Rapid Transit on Jobs, People and Rents
Portland State University PDXScholar TREC Webinar Series Transportation Research and Education Center (TREC) 11-15-2016 Webinar: The Association Between Light Rail Transit, Streetcars and Bus Rapid Transit
More informationMANITOBA'S ABORIGINAL COMMUNITY: A 2001 TO 2026 POPULATION & DEMOGRAPHIC PROFILE
MANITOBA'S ABORIGINAL COMMUNITY: A 2001 TO 2026 POPULATION & DEMOGRAPHIC PROFILE MBS 2005-4 JULY 2005 TABLE OF CONTENTS I. Executive Summary 3 II. Introduction.. 9 PAGE III. IV. Projected Aboriginal Identity
More informationCanadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
More informationPercent of Brokerages by Size
Percent of Brokerages by Size 80% 70% 60% 58.4% 50% 40% 30% 28.7% 20% 10% 0% #: +23.6% -7.3% +9.9% 0.1% 0.1% 0.2% 0.5% 0.6% 1.8% 2.6% 1,000+ 500-999 300-499 100-299 50-99 20-49 10-19 5-9 2-4 Single Brokers
More informationDeficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM
Deficit Reduction and Economic Growth: Are They Mutually Exclusive Goals? Tuesday, May 1, 2012; 2:30 PM - 3:45 PM Moderator: Gillian Tett, U.S. Managing Editor, Financial Times Speakers: Jared Bernstein,
More informationYour Texas Economy. Last updated: January 30, 2018
Your Texas Economy Last updated: January 30, 2018 Texas economy strong in 2017 2017 job growth was 2.4% Overview 2015/2016 job growth was much weaker due to the oil bust (1.3% and 1.2%, respectively) 2014
More informationWill 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services
Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services Rising Uncertainty Creating Headwinds for Commercial Real Estate
More informationFULL PROFILE Census, 2018 Estimates with 2023 Projections Calculated using Weighted Block Centroid from Block Groups Realm Realty Lat/Lon: 3
FULL PROFILE 2000-2010 Census, 2018 Estimates with 2023 Projections Calculated using Weighted Block Centroid from Block Groups Realm Realty Lat/Lon: 30.0027/-90.1613 RF1 Lakeside Shopping Center Metairie,
More informationThe Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017
The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/
More informationREPORT OF THE ENGINEERING & PLANNING DEPARTMENT PLANNING DIVISION
REPORT OF THE ENGINEERING & PLANNING DEPARTMENT PLANNING DIVISION 2008 09 22 TO: Mayor John Rowswell and Members of City Council SUBJECT: Official Plan Review 2008 Part 1 - Population and Household Projections
More informationnipigon.net Township of Nipigon 2018 Community Profile
nipigon.net Township of Nipigon V 1.0 February 2018 2018 Nipigon nipigon.net nipigon.net Township of Nipigon nipigon.net Township of Nipigon nipigon.net Township of Nipigon nipigon.net Township of Nipigon
More informationUniversity Of Maryland
2000 Census Census Data 200 Census Change 2000 to 200 SUBJECT Number Percent SUBJECT Number Percent Number Percent TOTAL POPULATION 437 TOTAL POPULATION 246-9 -43.7 White 283 64.8 White 65 67. -8-4.7 Black
More informationRISI Housing Report An Update on the Housing Market
RISI Housing Report An Update on the Housing Market North American Conference October 2018 Jennifer Coskren Senior Economist Agenda Current housing demand and demographic conditions Supply and impediments
More informationThe TRUTH IN NUMBERS Rennie Group 1 November 2017 Andrew Ramlo, VP Market Intelligence
The TRUTH IN NUMBERS Rennie Group 1 November 2017 Andrew Ramlo, VP Market Intelligence aramlo@rennie.com Ryan Berlin, Senior Economist rberlin@rennie.com Demographic 2016 The People Growth & Change 100
More information2014 Economic Forecast: Boulder & Beyond. Keynote Presentation
2014 Economic Forecast: Boulder & Beyond Keynote Presentation Business Research Division Richard Wobbekind Executive Director Business Research Division & Senior Associate Dean Leeds School of Business
More informationDr. James P. Gaines Research Economist recenter.tamu.edu
Texas Uncertain Economy in a World of Uncertain Oil Prices Dr. James P. Gaines Research Economist recenter.tamu.edu National Economic Recovery still Going 2 U.S. Outlook Expected GDP growth still modest:
More informationThe Economic Status of Women in the U.S. What Has Changed in the Last Years
The Economic Status of Women in the U.S. What Has Changed in the Last 20 40 Years March 28, 2018 Heidi Hartmann, Ph.D. President, IWPR Scholar in Residence, American University Editor, Journal of Women,
More informationU.S. Property Market Outlook, 2013Q1. Jim Costello, Managing Director CBRE Americas Research Investment Research
U.S. Property Market Outlook, 2013Q1 Jim Costello, Managing Director CBRE Americas Research Investment Research CBRE Page 2 Outlook for the Real Side of the Economy Operationally, what do Research Teams
More informationMUSTAFA MOHATAREM Chief Economist, General Motors
MUSTAFA MOHATAREM Chief Economist, General Motors INTRODUCTION The U.S. economy continues to grow at a gradual but also erratic pace The current recovery is one of the slowest in the post-wwii U.S. history.
More informationMonthly Indicators - 5.2% % % Activity Overview New Listings Pending Sales. Closed Sales. Days on Market Until Sale. Median Sales Price
Monthly Indicators 2018 Sales and new listings continue to perform well throughout the state of New York largely due to a booming U.S. economy that has increased listing and purchasing confidence. Housing
More informationAs Good as it Gets. The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International
As Good as it Gets The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International #NMHCstudent @ApartmentWire Ten Years After: A Full if Imperfect
More information2018 Investment Symposium
2018 Investment Symposium Opening General Session: How Will the Demographic Numbers Affect Your Numbers? Moderator: Jeffrey G. Passmore, FSA, EA, FCA Keynote Speaker: Richard F. Hokenson, Economist SOA
More informationFederal Reserve Bank of Dallas, FIRM (Financial Institution Relationship Management)
The Economic Roller Coaster: Where Have We Been? And Where Are We Going? Thomas F. Siems, Ph.D. Senior Economist and Director of Economic Outreach Federal Reserve Bank of Dallas Economic Summit Dallas
More informationZions Bank Economic Overview
Zions Bank Economic Overview WIB Education Summit September 19, 2017 National Economic Conditions Dow Breaks 22,000 The Trump Bump Dow Reaches New Heights Following U.S. Presidential Election Source: Federal
More informationThe World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review
The World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review Michael Keenan Harbor Planning and Economic Analyst Port of Los Angeles October 5, 2009 Review of 2007 Container Trade
More informationPartnerships with Purpose: Housing for Texans
Partnerships with Purpose: Housing for Texans 25th Annual TALHFA Educational Conference October 25-27, 2017 Fort Worth, Texas Dr. James P. Gaines Chief Economist 2 Outlook Since November 10, 2017: Rising
More informationTHE 2010 MSP REGION TRAVEL BEHAVIOR INVENTORY (TBI) REPORT HOME INTERVIEW SURVEY. A Summary of Resident Travel in the Twin Cities Region
THE 2010 MSP REGION TRAVEL BEHAVIOR INVENTORY (TBI) REPORT HOME INTERVIEW SURVEY A Summary of Resident Travel in the Twin Cities Region October 2013 WHAT IS THE TBI? The Travel Behavior Inventory (TBI)
More informationThe End of Hyper growth: Political and Economic Responses to a Slowing China
The End of Hyper growth: Political and Economic Responses to a Slowing China Barry Naughton IR/PS, UC San Diego 5 th Annual G2 at GW Conference October 12, 2012 Conclusions (Seriously) Forces that are
More information