San Bernardino County<br />Economic Profile<br />June 2010<br />The copyright laws of the United States (Title 17 U.S. Cod...
San Bernardino County Profile<br />
Sales of Existing Detached Homes and Pacific West Consumer Confidence<br />San Bernardino County, May 2010: 545 Units, Dow...
Sales of Existing Detached Homes<br />San Bernardino County, 2009: 7,937 Units, Up 34.5% YTY<br />MONTHLY<br />ANNUAL<br /...
Median Price of Existing Detached Homes<br />San Bernardino County, May 2010: $153,770, Up 13.8% YTY<br />$400,000<br />$3...
Median Price Annual Comparison<br />San Bernardino County, 2009: $149,578, Down 31.9% YTY<br />MONTHLY<br />ANNUAL<br />$4...
Median Home Sales Price<br />San Bernardino County<br />Yearly %<br />	Change<br />May-10<br />May-09<br />San Bernardino ...
Median Home Sales Price<br />San Bernardino County<br />Yearly %<br />	Change<br />May-10<br />May-09<br />Lake Arrowhead<...
Unsold Inventory Index<br />Riverside and San Bernardino Counties, May 2010: 4.1 Months<br />MONTHS<br />30<br />Inland Em...
Median Time on the Market<br />Single-Family Homes – Riverside/San Bernardino, May 2010: 31.3 Days<br />160<br />140<br />...
Foreclosures<br />San Bernardino County<br />18000<br />16000<br />14000<br />12000<br />10000<br />8000<br />6000<br />40...
Ratio of Foreclosures to Home Sales<br />San Bernardino County<br />140%<br />120%<br />100%<br />80%<br />60%<br />40%<br...
Mortgage Rates<br />10%<br />	9%<br />	8%<br />	7%<br />	6%<br />	5%<br />FRM<br />ARM<br />Federal Funds<br />4%<br />3%<...
Housing Affordability Index<br />San Bernardino County, 1st Quarter 2010: 69%<br />% OF HOUSEHOLDS THAT CAN BUY<br />80%<b...
First-time Buyer Housing Affordability Index<br />San Bernardino County, 1st Quarter 2010: 81%<br />% OF HOUSEHOLDS THAT C...
Nonfarm Employment<br />Riverside/San Bernardino Metropolitan Area, May 2010: Down 3.1% YTY<br />Y-T-Y PERCENT CHANGE<br /...
Unemployment Rate<br />San Bernardino County, May 2010: 13.8%<br />16%<br />14%<br />12%<br />10%<br />8%<br />6%<br />4%<...
Unemployment Rate<br />San Bernardino County – May 2010<br />Area Name<br />San Bernardino County<br />Adelanto city<br />...
Unemployment Rate<br />San Bernardino County – May 2010<br />Area Name<br />Fontana city<br />Grand Terrace city<br />Hesp...
Unemployment Rate<br />San Bernardino County – May 2010<br />Area Name<br />Nebo Center CDP<br />Needles city<br />Ontario...
Unemployment Rate<br />San Bernardino County – May 2010<br />Area Name<br />Upland city<br />Victorville city<br />Wrightw...
Taxable Sales<br />San Bernardino County<br />ANNUAL PERCENT CHANGE<br />25%<br />20%<br />15%<br />10%<br />5%<br />0%<br...
New Housing Permits<br />San Bernardino County, April 2010: 84 Units, Up 6.0% YTD<br />3000<br />2500<br />Single Family<b...
Median Price for New Homes<br />San Bernardino County 1Q10 Detached: $305,000, Attached: $234,990<br />$500,000<br />	$450...
New Home Sales<br />San Bernardino County (Attached), 2010 Q1 Sales: 62 Units<br />600<br />500<br />400<br />300<br />200...
New Home Sales<br />San Bernardino County (Detached), 2010 Q1 Sales: 272 Units<br />4000<br />3500<br />3000<br />2500<br ...
Asking Rents for Class A&B Apartments<br />Inland Empire, 2010 Q1: $1,054 Down 5.2% YTY<br />$1,200<br />$1,000<br />$800<...
Vacancy Rates for Class A&B Apartments<br />Inland Empire, 2010 Q1: 7.2%<br />VACANCY RATE<br />9.0%<br />8.0%<br />7.0%<b...
Population Percent Changes<br />San Bernardino County (1971-2008)<br />8.0%<br />			San Bern County<br />7.0%<br />CA<br /...
Sources of Population Growth<br />San Bernardino County (1981-2008)<br />THOUSANDS<br />100<br />90<br />80<br />70<br />6...
Net Immigration Vs. Domestic Migration<br />San Bernardino County<br />THOUSANDS<br />40<br />Net Immigration<br />Domesti...
Household Relocations<br />San Bernardino County<br />County<br />Los Angeles County, CA<br />Riverside County, CA<br />Or...
Where are new San Bernardino County<br />	households coming from?<br />•<br />•<br />•<br />•<br />•<br />•<br />•<br />Lo...
Net Immigration by Ethnic Group<br />San Bernardino County (1990 Census to 2000 Census)<br />White, Non-Hispanic<br />				...
Number of Households by Ethnicity<br />San Bernardino County (1990 Census vs. 2000 Census)<br />White<br />			Hispanic<br ...
Top 10 Home Buyer Surnames<br />San Bernardino County<br />GARCIA<br />HERNANDEZ<br />			M ART INEZ<br />							LOPEZ<br /...
Population by Age Group<br />San Bernardino County (2000-2010)<br />Thousands<br />2000<br />500<br />2010<br />450<br />4...
Homeownership Rates<br />Riverside-San Bernardino Metropolitan Area, 2009: 65.9%<br />70%<br />65%<br />60%<br />55%<br />...
Homeownership Rates by Age<br />San Bernardino County (2000 Census)<br />100%<br />	80%<br />	60%<br />	40%<br />	20%<br /...
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San Bernardino Economic Report June 2010

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Economic report for San Bernardino County June 2010

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San Bernardino Economic Report June 2010

  1. 1. San Bernardino County<br />Economic Profile<br />June 2010<br />The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this report by any means,<br />including facsimile or computerized formats. Copyright © 2010, CALIFORNIA ASSOCIATION OF REALTORS®<br />
  2. 2. San Bernardino County Profile<br />
  3. 3. Sales of Existing Detached Homes and Pacific West Consumer Confidence<br />San Bernardino County, May 2010: 545 Units, Down 22.0% YTD, Down 20.7% YTY<br />UNITS<br />1000<br /> 900<br />INDEX<br />160<br /> 140<br />Sales<br />Consumer Confidence<br />800<br /> 120<br />700<br />100<br />80<br />60<br />600<br />500<br />400<br />300<br /> 40<br />200<br />20<br />0<br />100<br /> 0<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;<br />The Conference Board<br />Jul-90<br />Jul-91<br />Jul-92<br />Jul-93<br />Jul-94<br />Jul-95<br />Jul-96<br />Jul-97<br />Jul-98<br />Jul-99<br />Jul-00<br />Jul-01<br />Jul-02<br />Jul-03<br />Jul-04<br />Jul-05<br />Jul-06<br />Jul-07<br />Jul-08<br />Jul-09<br />Jan-90<br />Jan-91<br />Jan-92<br />Jan-93<br />Jan-94<br />Jan-95<br />Jan-96<br />Jan-97<br />Jan-98<br />Jan-99<br />Jan-00<br />Jan-01<br />Jan-02<br />Jan-03<br />Jan-04<br />Jan-05<br />Jan-06<br />Jan-07<br />Jan-08<br />Jan-09<br />Jan-10<br />
  4. 4. Sales of Existing Detached Homes<br />San Bernardino County, 2009: 7,937 Units, Up 34.5% YTY<br />MONTHLY<br />ANNUAL<br />UNITS<br />9,000<br />8,000<br />7,000<br />800<br />700<br />600<br />6,000<br />500<br />5,000<br />400<br />300<br />200<br />4,000<br />3,000<br />2,000<br />2006<br />2007<br />2008<br />2009<br />2010<br />1,000<br /> 0<br />100<br /> 0<br />1989<br />1992<br />1995<br />1998<br />2001<br />2004<br />2007<br />Jul<br />Apr<br />Oct<br />Jun<br />Jan<br />Aug<br />Feb<br />Mar<br />Dec<br />Nov<br />May<br />Sept<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®<br />
  5. 5. Median Price of Existing Detached Homes<br />San Bernardino County, May 2010: $153,770, Up 13.8% YTY<br />$400,000<br />$350,000<br />$300,000<br />$250,000<br />$200,000<br />$150,000<br />$100,000<br />$50,000<br />$0<br />Jul-90<br />Jul-91<br />Jul-92<br />Jul-93<br />Jul-94<br />Jul-95<br />Jul-96<br />Jul-97<br />Jul-98<br />Jul-99<br />Jul-00<br />Jul-01<br />Jul-02<br />Jul-03<br />Jul-04<br />Jul-05<br />Jul-06<br />Jul-07<br />Jul-08<br />Jul-09<br />Jan-90<br />Jan-91<br />Jan-92<br />Jan-93<br />Jan-94<br />Jan-95<br />Jan-96<br />Jan-97<br />Jan-98<br />Jan-99<br />Jan-00<br />Jan-01<br />Jan-02<br />Jan-03<br />Jan-04<br />Jan-05<br />Jan-06<br />Jan-07<br />Jan-08<br />Jan-09<br />Jan-10<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®<br />
  6. 6. Median Price Annual Comparison<br />San Bernardino County, 2009: $149,578, Down 31.9% YTY<br />MONTHLY<br />ANNUAL<br />$400,000<br />$350,000<br />$300,000<br />$250,000<br />$200,000<br />$150,000<br />$400,000<br />$350,000<br />$300,000<br />$250,000<br />$200,000<br />$150,000<br />$100,000<br /> $50,000<br /> $-<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®<br />2006<br />2007<br />2008<br />2009<br />2010<br />$100,000<br /> $50,000<br /> $-<br />1989<br />1992<br />1995<br />1998<br />2001<br />2004<br />2007<br />Jul<br />Oct<br />Apr<br />Jan<br />Jun<br />Feb<br />Mar<br />Aug<br />Dec<br />Nov<br />May<br />Sept<br />
  7. 7. Median Home Sales Price<br />San Bernardino County<br />Yearly %<br /> Change<br />May-10<br />May-09<br />San Bernardino County<br />Adelanto<br />Apple Valley<br />Barstow<br />Big Bear City<br />Big Bear Lake<br />Bloomington<br />Chino<br />Chino Hills<br />Colton<br />Crestline<br />Fontana<br />Hesperia<br />Highland<br />Joshua Tree<br />$160,000<br /> $90,000<br />$123,500<br /> $54,000<br />$140,500<br />$231,000<br />$160,000<br />$299,000<br />$437,750<br />$121,000<br />$102,500<br />$221,000<br />$115,500<br />$171,750<br /> $76,500<br />$137,750<br /> $75,000<br />$100,000<br /> $65,000<br />$217,500<br />$301,750<br />$100,000<br />$260,000<br />$405,000<br />$100,000<br />$138,500<br />$182,000<br />$122,000<br />$183,500<br /> $98,000<br />16.2%<br /> 20.0%<br /> 23.5%<br />-16.9%<br />-35.4%<br />-23.4%<br /> 60.0%<br /> 15.0%<br /> 8.1%<br /> 21.0%<br />-26.0%<br /> 21.4%<br /> -5.3%<br /> -6.4%<br />-21.9%<br />SOURCE: C.A.R.; DataQuick Information Systems. The<br />price statistics are derived from all types of home sales --<br />new and existing, condos and single-family.<br />
  8. 8. Median Home Sales Price<br />San Bernardino County<br />Yearly %<br /> Change<br />May-10<br />May-09<br />Lake Arrowhead<br />Loma Linda<br />Montclair<br />Ontario<br />Rancho Cucamonga<br />Redlands<br />Rialto<br />San Bernardino<br />Twentynine Palms<br />Upland<br />Victorville<br />Yucaipa<br />Yucca Valley<br />$402,500<br />$244,000<br />$259,500<br />$210,000<br />$307,500<br />$215,000<br />$165,000<br />$105,000<br /> $79,250<br />$344,000<br />$127,000<br />$205,000<br />$102,000<br />$321,500<br />$284,000<br />$221,500<br />$193,500<br />$287,500<br />$222,500<br />$130,000<br /> $70,000<br /> $70,750<br />$320,000<br />$109,500<br />$208,000<br />$109,250<br />25.2%<br />-14.1%<br /> 17.2%<br /> 8.5%<br /> 7.0%<br /> -3.4%<br /> 26.9%<br /> 50.0%<br /> 12.0%<br /> 7.5%<br /> 16.0%<br /> -1.4%<br /> -6.6%<br />SOURCE: C.A.R.; DataQuick Information Systems. The<br />price statistics are derived from all types of home sales --<br />new and existing, condos and single-family.<br />
  9. 9. Unsold Inventory Index<br />Riverside and San Bernardino Counties, May 2010: 4.1 Months<br />MONTHS<br />30<br />Inland Empire<br /> 25<br /> 20<br /> 15<br /> 10<br /> 5<br /> 0<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®<br />Riverside & San Bernardino<br />Jul-93<br />Jul-94<br />Jul-95<br />Jul-96<br />Jul-97<br />Jul-98<br />Jul-99<br />Jul-00<br />Jul-01<br />Jul-02<br />Jul-03<br />Jul-04<br />Jul-05<br />Jul-06<br />Jul-07<br />Jul-08<br />Jul-09<br />Jan-93<br />Jan-94<br />Jan-95<br />Jan-96<br />Jan-97<br />Jan-98<br />Jan-99<br />Jan-00<br />Jan-01<br />Jan-02<br />Jan-03<br />Jan-04<br />Jan-05<br />Jan-06<br />Jan-07<br />Jan-08<br />Jan-09<br />Jan-10<br />
  10. 10. Median Time on the Market<br />Single-Family Homes – Riverside/San Bernardino, May 2010: 31.3 Days<br />160<br />140<br />120<br />100<br />80<br />60<br />40<br />20<br />0<br />1/1/1989<br />1/1/1990<br />1/1/1991<br />1/1/1992<br />1/1/1993<br />1/1/1994<br />1/1/1995<br />1/1/1996<br />1/1/1997<br />1/1/1998<br />1/1/1999<br />1/1/2000<br />1/1/2001<br />1/1/2002<br />1/1/2003<br />1/1/2004<br />1/1/2005<br />1/1/2006<br />1/1/2007<br />1/1/2008<br />1/1/2009<br />1/1/2010<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®<br />
  11. 11. Foreclosures<br />San Bernardino County<br />18000<br />16000<br />14000<br />12000<br />10000<br />8000<br />6000<br />4000<br />2000<br />0<br />Q1/89<br />Q3/89<br />Q1/90<br />Q3/90<br />Q1/91<br />Q3/91<br />Q1/92<br />Q3/92<br />Q1/93<br />Q3/93<br />Q1/94<br />Q3/94<br />Q1/95<br />Q3/95<br />Q1/96<br />Q3/96<br />Q1/97<br />Q3/97<br />Q1/98<br />Q3/98<br />Q1/99<br />Q3/99<br />Q1/00<br />Q3/00<br />Q1/01<br />Q3/01<br />Q1/02<br />Q3/02<br />Q1/03<br />Q3/03<br />Q1/04<br />Q3/04<br />Q1/05<br />Q3/05<br />Q1/06<br />Q3/06<br />Q1/07<br />Q3/07<br />Q1/08<br />Q3/08<br />Q1/09<br />Q3/09<br />SOURCE: Real Estate Research Council<br />
  12. 12. Ratio of Foreclosures to Home Sales<br />San Bernardino County<br />140%<br />120%<br />100%<br />80%<br />60%<br />40%<br />20%<br />0%<br />1992<br />1993<br />1994<br />1995<br />1996<br />1997<br />1998<br />1999<br />2000<br />2001<br />2002<br />2003<br />2004<br />2005<br />2006<br />2007<br />2008<br />2009<br />SOURCE: Real Estate Research Council<br />
  13. 13. Mortgage Rates<br />10%<br /> 9%<br /> 8%<br /> 7%<br /> 6%<br /> 5%<br />FRM<br />ARM<br />Federal Funds<br />4%<br />3%<br />2%<br /> 1%<br /> 0%<br />SOURCE: Federal Home Loan Mortgage Corporation<br />Jul-91<br />Jul-92<br />Jul-93<br />Jul-94<br />Jul-95<br />Jul-96<br />Jul-97<br />Jul-98<br />Jul-99<br />Jul-00<br />Jul-01<br />Jul-02<br />Jul-03<br />Jul-04<br />Jul-05<br />Jul-06<br />Jul-07<br />Jul-08<br />Jul-09<br />Jan-91<br />Jan-92<br />Jan-93<br />Jan-94<br />Jan-95<br />Jan-96<br />Jan-97<br />Jan-98<br />Jan-99<br />Jan-00<br />Jan-01<br />Jan-02<br />Jan-03<br />Jan-04<br />Jan-05<br />Jan-06<br />Jan-07<br />Jan-08<br />Jan-09<br />Jan-10<br />
  14. 14. Housing Affordability Index<br />San Bernardino County, 1st Quarter 2010: 69%<br />% OF HOUSEHOLDS THAT CAN BUY<br />80%<br /> 70%<br /> 60%<br /> 50%<br /> 40%<br /> 30%<br /> 20%<br /> 10%<br /> 0%<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®<br />QTRLY<br />Monthly<br />----<br />Jul-90<br />Jul-91<br />Jul-92<br />Jul-93<br />Jul-94<br />Jul-95<br />Jul-96<br />Jul-97<br />Jul-98<br />Jul-99<br />Jul-00<br />Jul-01<br />Jul-02<br />Jul-03<br />Jul-04<br />Jul-05<br />2007.2<br />2008.4<br />Jan-90<br />Jan-91<br />Jan-92<br />Jan-93<br />Jan-94<br />Jan-95<br />Jan-96<br />Jan-97<br />Jan-98<br />Jan-99<br />Jan-00<br />Jan-01<br />Jan-02<br />Jan-03<br />Jan-04<br />Jan-05<br />
  15. 15. First-time Buyer Housing Affordability Index<br />San Bernardino County, 1st Quarter 2010: 81%<br />% OF HOUSEHOLDS THAT CAN BUY<br />100%<br />90%<br />80%<br />70%<br />60%<br />50%<br />40%<br />30%<br />20%<br />10%<br />0%<br />Q1/03<br />Q3/03<br />Q1/04<br />Q3/04<br />Q1/05<br />Q3/05<br />Q1/06<br />Q3/06<br />Q1/07<br />Q3/07<br />Q1/08<br />Q3/08<br />Q1/09<br />Q3/09<br />Q1/10<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®<br />
  16. 16. Nonfarm Employment<br />Riverside/San Bernardino Metropolitan Area, May 2010: Down 3.1% YTY<br />Y-T-Y PERCENT CHANGE<br />10%<br />8%<br />6%<br />4%<br />2%<br />0%<br />-2%<br />-4%<br />-6%<br />-8%<br />-10%<br />Jul-91<br />Jul-92<br />Jul-93<br />Jul-94<br />Jul-95<br />Jul-96<br />Jul-97<br />Jul-98<br />Jul-99<br />Jul-00<br />Jul-01<br />Jul-02<br />Jul-03<br />Jul-04<br />Jul-05<br />Jul-06<br />Jul-07<br />Jul-08<br />Jul-09<br />Jan-91<br />Jan-92<br />Jan-93<br />Jan-94<br />Jan-95<br />Jan-96<br />Jan-97<br />Jan-98<br />Jan-99<br />Jan-00<br />Jan-01<br />Jan-02<br />Jan-03<br />Jan-04<br />Jan-05<br />Jan-06<br />Jan-07<br />Jan-08<br />Jan-09<br />Jan-10<br />SOURCE: CA Employment Development Division<br />
  17. 17. Unemployment Rate<br />San Bernardino County, May 2010: 13.8%<br />16%<br />14%<br />12%<br />10%<br />8%<br />6%<br />4%<br />2%<br />0%<br />Jul-90<br />Jul-91<br />Jul-92<br />Jul-93<br />Jul-94<br />Jul-95<br />Jul-96<br />Jul-97<br />Jul-98<br />Jul-99<br />Jul-00<br />Jul-01<br />Jul-02<br />Jul-03<br />Jul-04<br />Jul-05<br />Jul-06<br />Jul-07<br />Jul-08<br />Jul-09<br />Jan-90<br />Jan-91<br />Jan-92<br />Jan-93<br />Jan-94<br />Jan-95<br />Jan-96<br />Jan-97<br />Jan-98<br />Jan-99<br />Jan-00<br />Jan-01<br />Jan-02<br />Jan-03<br />Jan-04<br />Jan-05<br />Jan-06<br />Jan-07<br />Jan-08<br />Jan-09<br />Jan-10<br />SOURCE: CA Employment Development Division<br />
  18. 18. Unemployment Rate<br />San Bernardino County – May 2010<br />Area Name<br />San Bernardino County<br />Adelanto city<br />Apple Valley town<br />Barstow city<br />Big Bear City CDP<br />Big Bear Lake city<br />Big River CDP<br />Bloomington CDP<br />Bluewater CDP<br />Chino city<br />Chino Hills city<br />Colton city<br />Crestline CDP<br />Labor Force<br />863,000<br /> 7,000<br /> 26,300<br /> 10,700<br /> 3,500<br /> 3,100<br /> 500<br /> 8,300<br /> 100<br /> 34,700<br /> 39,300<br /> 25,000<br /> 6,300<br />Rate<br />13.8%<br />20.9%<br />15.0%<br />17.1%<br /> 7.7%<br />10.2%<br />15.5%<br />18.2%<br />27.3%<br />12.3%<br /> 7.0%<br />14.8%<br />12.6%<br />CCD Census County Division<br /> CDP Census Designated Place<br />SOURCE: CA Employment Development Department<br />
  19. 19. Unemployment Rate<br />San Bernardino County – May 2010<br />Area Name<br />Fontana city<br />Grand Terrace city<br />Hesperia city<br />Highland city<br />Joshua Tree CDP<br />Lake Arrowhead CDP<br />Lenwood CDP<br />Loma Linda city<br />Mentone CDP<br />Montclair city<br />Morongo Valley CDP<br />Mountain View Acres CDP<br />Muscoy CDP<br />Labor Force<br />62,500<br /> 7,200<br /> 30,900<br /> 23,200<br /> 1,900<br /> 5,000<br /> 1,700<br /> 10,100<br /> 4,300<br /> 16,200<br /> 1,100<br /> 1,200<br /> 3,200<br />Rate<br />14.3%<br /> 7.2%<br />17.6%<br />17.2%<br />15.4%<br /> 7.0%<br />24.5%<br /> 8.4%<br />11.9%<br />13.2%<br /> 9.7%<br /> 5.0%<br />24.0%<br />CCD Census County Division<br /> CDP Census Designated Place<br />SOURCE: CA Employment Development Department<br />
  20. 20. Unemployment Rate<br />San Bernardino County – May 2010<br />Area Name<br />Nebo Center CDP<br />Needles city<br />Ontario city<br />Rancho Cucamonga cit<br />Redlands city<br />Rialto city<br />Running Springs CDP<br />San Antonio Heights CD<br />San Bernardino city<br />Searles Valley CDP<br />Twentynine Palms Base<br />Twentynine Palms city<br />Labor Force<br />400<br /> 2,200<br /> 82,300<br /> 76,600<br /> 36,700<br /> 44,300<br /> 3,000<br /> 1,800<br /> 85,500<br /> 900<br /> 600<br /> 6,200<br />Rate<br />28.6%<br />10.4%<br />14.6%<br /> 9.1%<br />10.1%<br />17.5%<br /> 5.4%<br /> 3.4%<br />18.3%<br />11.9%<br /> 9.9%<br />16.5%<br />CCD Census County Division<br /> CDP Census Designated Place<br />SOURCE: CA Employment Development Department<br />
  21. 21. Unemployment Rate<br />San Bernardino County – May 2010<br />Area Name<br />Upland city<br />Victorville city<br />Wrightwood CDP<br />Yucaipa city<br />Yucca Valley town<br />Labor Force<br />39,900<br /> 30,200<br /> 2,400<br /> 21,900<br /> 7,400<br />Rate<br />9.5%<br />16.5%<br /> 9.7%<br />11.1%<br />12.7%<br />CCD Census County Division<br /> CDP Census Designated Place<br />SOURCE: CA Employment Development Department<br />
  22. 22. Taxable Sales<br />San Bernardino County<br />ANNUAL PERCENT CHANGE<br />25%<br />20%<br />15%<br />10%<br />5%<br />0%<br />-5%<br />-10%<br />-15%<br />-20%<br />Q1/89<br />Q3/89<br />Q1/90<br />Q3/90<br />Q1/91<br />Q3/91<br />Q1/92<br />Q3/92<br />Q1/93<br />Q3/93<br />Q1/94<br />Q3/94<br />Q1/95<br />Q3/95<br />Q1/96<br />Q3/96<br />Q1/97<br />Q3/97<br />Q1/98<br />Q3/98<br />Q1/99<br />Q3/99<br />Q1/00<br />Q3/00<br />Q1/01<br />Q3/01<br />Q1/02<br />Q3/02<br />Q1/03<br />Q3/03<br />Q1/04<br />Q3/04<br />Q1/05<br />Q3/05<br />Q1/06<br />Q3/06<br />Q1/07<br />Q3/07<br />Q1/08<br />Q3/08<br />Q1/09<br />SOURCE: CA State Board of Equalization<br />
  23. 23. New Housing Permits<br />San Bernardino County, April 2010: 84 Units, Up 6.0% YTD<br />3000<br />2500<br />Single Family<br />Multi-Family<br />2000<br /> 1500<br /> 1000<br /> 500<br /> 0<br />SOURCE: Construction Industry Research Board<br />Jul-88<br />Jul-89<br />Jul-90<br />Jul-91<br />Jul-92<br />Jul-93<br />Jul-94<br />Jul-95<br />Jul-96<br />Jul-97<br />Jul-98<br />Jul-99<br />Jul-00<br />Jul-01<br />Jul-02<br />Jul-03<br />Jul-04<br />Jul-05<br />Jul-06<br />Jul-07<br />Jul-08<br />Jul-09<br />Jan-88<br />Jan-89<br />Jan-90<br />Jan-91<br />Jan-92<br />Jan-93<br />Jan-94<br />Jan-95<br />Jan-96<br />Jan-97<br />Jan-98<br />Jan-99<br />Jan-00<br />Jan-01<br />Jan-02<br />Jan-03<br />Jan-04<br />Jan-05<br />Jan-06<br />Jan-07<br />Jan-08<br />Jan-09<br />Jan-10<br />
  24. 24. Median Price for New Homes<br />San Bernardino County 1Q10 Detached: $305,000, Attached: $234,990<br />$500,000<br /> $450,000<br />Detached<br />Attached<br />$400,000<br /> $350,000<br /> $300,000<br /> $250,000<br /> $200,000<br /> $150,000<br /> $100,000<br /> $50,000<br /> $0<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;<br />Hanley Wood<br />Q1/88<br />Q1/89<br />Q1/90<br />Q1/91<br />Q1/92<br />Q1/93<br />Q1/94<br />Q1/95<br />Q1/96<br />Q1/97<br />Q1/98<br />Q1/99<br />Q1/00<br />Q1/01<br />Q1/02<br />Q1/03<br />Q1/04<br />Q1/05<br />Q1/06<br />Q1/07<br />Q1/08<br />Q1/09<br />Q1/10<br />
  25. 25. New Home Sales<br />San Bernardino County (Attached), 2010 Q1 Sales: 62 Units<br />600<br />500<br />400<br />300<br />200<br />100<br />0<br />Q1/88<br />Q1/89<br />Q1/90<br />Q1/91<br />Q1/92<br />Q1/93<br />Q1/94<br />Q1/95<br />Q1/96<br />Q1/97<br />Q1/98<br />Q1/99<br />Q1/00<br />Q1/01<br />Q1/02<br />Q1/03<br />Q1/04<br />Q1/05<br />Q1/06<br />Q1/07<br />Q1/08<br />Q1/09<br />Q1/10<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;<br />Hanley Wood<br />
  26. 26. New Home Sales<br />San Bernardino County (Detached), 2010 Q1 Sales: 272 Units<br />4000<br />3500<br />3000<br />2500<br />2000<br />1500<br />1000<br />500<br />0<br />Q1/88<br />Q1/89<br />Q1/90<br />Q1/91<br />Q1/92<br />Q1/93<br />Q1/94<br />Q1/95<br />Q1/96<br />Q1/97<br />Q1/98<br />Q1/99<br />Q1/00<br />Q1/01<br />Q1/02<br />Q1/03<br />Q1/04<br />Q1/05<br />Q1/06<br />Q1/07<br />Q1/08<br />Q1/09<br />Q1/10<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;<br />Hanley Wood<br />
  27. 27. Asking Rents for Class A&B Apartments<br />Inland Empire, 2010 Q1: $1,054 Down 5.2% YTY<br />$1,200<br />$1,000<br />$800<br />$600<br />$400<br />$200<br />$0<br />Q3/97<br />Q2/98<br />Q1/99<br />Q4/99<br />Q3/00<br />Q2/01<br />Q1/02<br />Q4/02<br />Q3/03<br />Q2/04<br />Q1/05<br />Q4/05<br />Q3/06<br />Q2/07<br />Q1/08<br />Q4/08<br />Q3/09<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;<br />REALFACTS<br />
  28. 28. Vacancy Rates for Class A&B Apartments<br />Inland Empire, 2010 Q1: 7.2%<br />VACANCY RATE<br />9.0%<br />8.0%<br />7.0%<br />6.0%<br />5.0%<br />4.0%<br />3.0%<br />2.0%<br />1.0%<br />0.0%<br />1990<br />1993<br />Q4/95<br />Q2/97<br />Q1/98<br />Q4/98<br />Q3/99<br />Q2/00<br />Q1/01<br />Q4/01<br />Q3/02<br />Q2/03<br />Q1/04<br />Q4/04<br />Q3/05<br />Q2/06<br />Q1/07<br />Q4/07<br />Q3/08<br />Q2/09<br />Q1/10<br />SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®;<br />REALFACTS<br />
  29. 29. Population Percent Changes<br />San Bernardino County (1971-2008)<br />8.0%<br /> San Bern County<br />7.0%<br />CA<br />Nation<br /> 6.0%<br /> 5.0%<br /> 4.0%<br /> 3.0%<br /> 2.0%<br /> 1.0%<br /> 0.0%<br /> -1.0%<br />SOURCE:U.S. Census Bureau; California Department of Finance;<br />CALIFORNIA ASSOCIATION OF REALTORS®<br />1971<br />1972<br />1973<br />1974<br />1975<br />1976<br />1977<br />1978<br />1979<br />1980<br />1981<br />1982<br />1983<br />1984<br />1985<br />1986<br />1987<br />1988<br />1989<br />1990<br />1991<br />1992<br />1993<br />1994<br />1995<br />1996<br />1997<br />1998<br />1999<br />2000<br />2001<br />2002<br />2003<br />2004<br />2005<br />2006<br />2007<br />2008<br />
  30. 30. Sources of Population Growth<br />San Bernardino County (1981-2008)<br />THOUSANDS<br />100<br />90<br />80<br />70<br />60<br />50<br />40<br />30<br />20<br />10<br />0<br />-10<br />-20<br />07<br />01<br />81<br />85<br />83<br />87<br />03<br />99<br />97<br />95<br />05<br />93<br />89<br />91<br />20<br />19<br />19<br />20<br />19<br />20<br />20<br />19<br />19<br />19<br />19<br />19<br />19<br />19<br />SOURCE: CA Department of Finance<br />
  31. 31. Net Immigration Vs. Domestic Migration<br />San Bernardino County<br />THOUSANDS<br />40<br />Net Immigration<br />Domestic Migration<br />35<br /> 30<br /> 25<br /> 20<br /> 15<br /> 10<br /> 5<br /> 0<br /> -5<br />-10<br />-15<br />-20<br />1991<br />1993<br />1995<br />1997<br />1999<br />2001<br />2003<br />2005<br />2007<br />SOURCE: CA Department of Finance<br />
  32. 32. Household Relocations<br />San Bernardino County<br />County<br />Los Angeles County, CA<br />Riverside County, CA<br />Orange County County, CA<br />San Diego County, CA<br />Clark County, NV<br />Maricopa County, AZ<br />Mohave County, AZ<br />Kern County, CA<br />Harris County, TX<br />Ventura County, CA<br />Total-Top 10<br />All Migration<br />Outflow<br />10,853<br /> 9,914<br /> 3,067<br /> 1,693<br /> 1,255<br /> 928<br /> 427<br /> 374<br /> 286<br /> 279<br /> 29,076<br /> 45,084<br />Inflow<br />15,428<br /> 7,330<br /> 3,108<br /> 1,285<br /> 787<br /> 476<br /> 235<br /> 302<br /> 129<br /> 248<br />29,328<br />40,543<br />Net Outflow<br />(4,575)<br /> 2,584<br /> (41)<br /> 408<br /> 468<br /> 452<br /> 192<br /> 72<br /> 157<br /> 31<br /> (252)<br /> 4,541<br />596,852<br /> 0.0%<br /> 0.8%<br />Total Number of Households<br /> Top 10 as % of All Households<br /> All Net Mig as % of All Households<br />Source: NAR Relocation Report 2008 – IRS Data; Item 187-06071, US Census Bureau<br />
  33. 33. Where are new San Bernardino County<br /> households coming from?<br />•<br />•<br />•<br />•<br />•<br />•<br />•<br />Los Angeles (15,428)<br />Riverside (7,330)<br />Orange County (3,108)<br />San Diego (1,285)<br />Clark (787)<br />Total incoming for 2008: 40,543<br />Total outgoing for 2008: 45,084<br />Source: NAR Relocation Report 2008 – IRS Data; Item 187-06071<br />
  34. 34. Net Immigration by Ethnic Group<br />San Bernardino County (1990 Census to 2000 Census)<br />White, Non-Hispanic<br /> Hispanic<br />Asian/Pacific Islander<br /> Black or Afr. Amer.,<br /> Non-Hisp.<br />Amer. Indian & Alaska<br /> Native, Non-Hisp.<br />-200<br />-150<br />-100<br />-50<br />0<br />50<br />100<br />150<br />200<br />Thousands<br />SOURCE: CA Dept. of Finance<br />
  35. 35. Number of Households by Ethnicity<br />San Bernardino County (1990 Census vs. 2000 Census)<br />White<br /> Hispanic<br />Asian/Pacific Islander<br />1990<br />2000<br />Black<br />0<br />SOURCE: U.S. Census Bureau<br />50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000<br />
  36. 36. Top 10 Home Buyer Surnames<br />San Bernardino County<br />GARCIA<br />HERNANDEZ<br /> M ART INEZ<br /> LOPEZ<br /> RODRIGUEZ<br /> GONZALEZ<br /> SANCHEZ<br /> RAM IREZ<br /> PEREZ<br /> SM IT H<br />0<br />50<br />100<br />150<br />200<br />250<br />Number of Buyers<br />Note: Data is based on 2007 data.<br />SOURCE: DataQuick Information Systems<br />
  37. 37. Population by Age Group<br />San Bernardino County (2000-2010)<br />Thousands<br />2000<br />500<br />2010<br />450<br />400<br />350<br />300<br />250<br />200<br />150<br />100<br /> 50<br /> 0<br />0-14<br />15-24<br />25-34<br />35-44<br />45-54<br />55-64<br />65-74<br />75+<br />SOURCE: California Department of Finance;<br />CALIFORNIA ASSOCIATION OF REALTORS®<br />
  38. 38. Homeownership Rates<br />Riverside-San Bernardino Metropolitan Area, 2009: 65.9%<br />70%<br />65%<br />60%<br />55%<br />50%<br />45%<br />40%<br />35%<br />30%<br />25%<br />20%<br />15%<br />10%<br />5%<br />0%<br />6<br />7<br />8<br />9<br />0<br />1<br />2<br />3<br />4<br />5<br />6<br />7<br />8<br />9<br />0<br />1<br />2<br />3<br />4<br />5<br />6<br />7<br />8<br />9<br />198<br />198<br />198<br />198<br />199<br />199<br />199<br />199<br />199<br />199<br />199<br />199<br />199<br />199<br />200<br />200<br />200<br />200<br />200<br />200<br />200<br />200<br />200<br />200<br />SOURCE: U.S. Census Bureau<br />
  39. 39. Homeownership Rates by Age<br />San Bernardino County (2000 Census)<br />100%<br /> 80%<br /> 60%<br /> 40%<br /> 20%<br /> 0%<br />15-24<br />25-34<br />35-44<br />45-54<br />55-64<br />65-74<br />75-84<br />85+<br />SOURCE: California Department of Finance;<br />CALIFORNIA ASSOCIATION OF REALTORS®<br />

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