The Growing Cost of Place: Why Workforce Housing Matters in Austin

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Brian Kelsey's presentation at the 2010 Regional Forum on Workforce Housing in Austin, Texas, sponsored by the National Housing Conference and the National Association of REALTORS.

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The Growing Cost of Place: Why Workforce Housing Matters in Austin

  1. 1. The Growing Cost of Place:Why Workforce Housing Matters in Austin<br />Presenter: Brian Kelsey<br />2010 Regional Forum on Workforce Housing<br />August 12, 2010<br />Austin, TX<br />
  2. 2. Employment growth<br />Source: U.S. Bureau of Economic Analysis<br />
  3. 3. Population growth<br />Source: U.S. Bureau of Economic Analysis<br />
  4. 4. Income/wage stagnation<br />68% of jobs gained in Austin-Round Rock-San Marcos during 2002-2009 paid median wages below the overall median wage for the region ($18.27/hr). Comparable figure for the U.S. was 57% ($17.94/hr). <br />Source: U.S. Bureau of Economic Analysis, EMSI<br />
  5. 5. Housing: Live, work, and play?<br />Median multiple is the ratio of median residential sales price (YTD 2010) to median annual wage by zip code.<br />Source: EMSI, Decision Data Resources, Austin Board of REALTORS<br />
  6. 6. Brian Kelsey<br />512-731-7851<br />brian@civicanalytics.com<br />Special thanks to EMSI, Decision Data Resources, and Austin Board of REALTORS for making data available for this presentation.<br />http://civicanalytics.com<br />http://economicmodeling.com<br />@civicanalytics<br />facebook.com/brianjkelsey<br />http://www.decisiondata.net<br />linkedin.com/in/brianjkelsey<br />http://www.abor.com<br />

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