Mba Presentation

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Presentation tot he Metropolitan Builders Association looking at housing demand in Wisconsin and offering an analysis of new housing products in the Milwaukee and Denver markets.

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  • Demographics, Density, and Housing in Wisconsin November 2, 2006 Michael Stumpf, AICP, CEcD - R.A. Smith & Associates / National Survey & Engineering
  • Mba Presentation

    1. 1. Is there a deficiency or is there a demand? Demographics, density, & housing in Wisconsin (With a comparison of Milwaukee and other communities)
    2. 2. Wisconsin vs. United States <ul><li>2005 Population </li></ul><ul><ul><li>Wisconsin 5,536,201 (1.9%) </li></ul></ul><ul><ul><li>United States 296,410,404 </li></ul></ul><ul><li>Population Growth Rate </li></ul><ul><ul><li>Wisconsin 3.2% </li></ul></ul><ul><ul><li>United States 5.3% </li></ul></ul><ul><li>White Population </li></ul><ul><ul><li>Wisconsin 90.2% </li></ul></ul><ul><ul><li>United States 80.4% </li></ul></ul><ul><li>Hispanic Population </li></ul><ul><ul><li>Wisconsin 4.3% </li></ul></ul><ul><ul><li>United States 14.1% </li></ul></ul>
    3. 3. Wisconsin vs. United States <ul><li>Home Ownership </li></ul><ul><ul><li>Wisconsin 68.4% </li></ul></ul><ul><ul><li>United States 66.2% </li></ul></ul><ul><li>Housing in Multi-Unit Structures </li></ul><ul><ul><li>Wisconsin 26.2% </li></ul></ul><ul><ul><li>United States 26.4% </li></ul></ul><ul><li>Median Value (2000) </li></ul><ul><ul><li>Wisconsin $112,200 </li></ul></ul><ul><ul><li>United States $119,600 </li></ul></ul><ul><li>Median Household Income (2003) </li></ul><ul><ul><li>Wisconsin $46,538 </li></ul></ul><ul><ul><li>United States $43,318 </li></ul></ul>
    4. 4. Wisconsin’s Projected Growth <ul><li>Population </li></ul><ul><ul><li>5.56 million (2005) </li></ul></ul><ul><ul><li>6.42 million (2030) </li></ul></ul><ul><ul><li>850,000 increase </li></ul></ul><ul><ul><li>2/3 organic growth </li></ul></ul><ul><li>Households </li></ul><ul><ul><li>2.19 million (2005) </li></ul></ul><ul><ul><li>2.67 million (2030) </li></ul></ul><ul><ul><li>477,000 increase </li></ul></ul><ul><ul><li>19,100 annually </li></ul></ul>
    5. 5. Future Population Profile <ul><li>Older (and younger) </li></ul><ul><li>More racially diverse </li></ul><ul><ul><li>87.3% to 82.2% White, Non-Hispanic </li></ul></ul>
    6. 6. Wisconsin Building Permits <ul><li>2005 Statistics </li></ul><ul><ul><li>35,513 total units </li></ul></ul><ul><ul><li>73.6% single-family structures </li></ul></ul><ul><ul><li>4.8% two-unit structures </li></ul></ul><ul><ul><li>2.9% three- and four-unit structures </li></ul></ul><ul><ul><li>18.7% five or more unit structures </li></ul></ul>
    7. 7. Wisconsin Metropolitan Areas <ul><li>22,441 permits in metropolitan counties (63.2%) </li></ul><ul><li>13,072 permits in non-metropolitan counties (36.8%) </li></ul>
    8. 8. SE Wisconsin Building Permits <ul><li>Waukesha 14,220 </li></ul><ul><li>Milwaukee 11,287 </li></ul><ul><li>Kenosha 7,080 </li></ul><ul><li>Washington 6,629 </li></ul><ul><li>Racine 6,088 </li></ul><ul><li>Walworth 5,972 </li></ul><ul><li>Ozaukee 3,123 </li></ul>
    9. 9. 2007 Forecast (Money Magazine) <ul><li>All of the state’s metropolitan areas will continue to see an increase in home values </li></ul><ul><li>Growth is slowing </li></ul>
    10. 10. 2007 Forecast (Money Magazine) <ul><li>The slowdown is everywhere </li></ul><ul><li>Milwaukee is slower than most </li></ul><ul><li>US average forecast is 3.5% growth </li></ul>
    11. 11. Housing Affordability <ul><li>The Midwest is the most affordable region in the US </li></ul><ul><li>The Milwaukee market is still affordable </li></ul>
    12. 12. Population Density <ul><li>Density per square mile of land area </li></ul><ul><li>Based on county area measurement </li></ul><ul><li>More similar to older communities than to the recognized leaders in growth management </li></ul>
    13. 13. What have we built alike? <ul><li>Denver’s urban core </li></ul>
    14. 14. What have we built alike? <ul><li>Milwaukee’s urban core </li></ul>
    15. 15. What have we built alike? <ul><li>Denver suburbs </li></ul>
    16. 16. What have we built alike? <ul><li>Milwaukee suburbs </li></ul>
    17. 17. What might we build? <ul><li>Traditional Neighborhood Development </li></ul><ul><ul><li>Few examples in Wisconsin </li></ul></ul><ul><ul><li>Madison – Milwaukee </li></ul></ul>
    18. 18. Traditional Neighborhoods <ul><li>Compact </li></ul><ul><li>Mixed-use </li></ul><ul><li>Walkable </li></ul>
    19. 19. Conservation Development <ul><li>Preserve open space </li></ul><ul><li>Infrastructure costs </li></ul><ul><li>Sustainable practices </li></ul><ul><li>Density bonuses </li></ul>
    20. 20. Cottage Housing <ul><li>Small units </li></ul><ul><li>Green space </li></ul><ul><li>Good design </li></ul><ul><li>Young market </li></ul>
    21. 21. True Mixed Use <ul><li>Commercial – Residential – Industrial – Live/Work </li></ul>
    22. 22. Questions <ul><li>How will the demand for housing change as our population changes? </li></ul><ul><li>Are we offering the housing options desired by the market? </li></ul><ul><li>Are alternative approaches to housing not common because they are not wanted; or if they were built, would they sell? </li></ul><ul><li>Do we simply like our detached homes on large lots too much to change? </li></ul><ul><li>Do we need to change? </li></ul><ul><li>Are we creating workforce housing? </li></ul>

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