This document provides an overview of the Boise, Idaho real estate market. It discusses Boise's strong population and job growth, low cost of living, and high quality of life. Some key points:
- Boise has experienced rapid population growth, with a 3.6% increase in the last year. Domestic migration to the area increased 304% in recent years.
- The local economy is also strong, with 2.5% unemployment and 4.5% annual job growth. Major local employers include Micron, hospitals, and universities.
- Housing demand has outpaced supply, keeping apartment vacancy low at 2.2% and fueling price increases. The median home price in Ada County
Extra innings or game over? The outlook for the local and regional economies ...Shay Moser
Lee McPheters, director of the JPMorgan Chase Economic Outlook Center, examined the local and regional economies for 2020.
He's a research Professor of Economics in the W. P. Carey School of Business at Arizona State University and Director of the school’s JPMorgan Chase Economic Outlook Center. The Center maintains the Western Blue Chip Economic Forecast and Greater Phoenix Economic Forecast websites. McPheters also oversees the Job Growth USA website that tracks employment for all industries in the U.S. states and metropolitan areas. The website is frequently used by economists, financial analysts, economic development specialists, and, during election season, fact-checking organizations to evaluate claims by candidates regarding job creation statistics and policies. His writings on the Western region have been quoted in the Wall Street Journal, USA Today, The Economist, Business Week, The New York Times, and Newsweek as well as major metropolitan area newspapers throughout the nation. He has appeared nationally on Good Morning America, Fox News, Marketplace on NPR, and CNN commenting on the economic outlook. As director of the Economic Outlook Center, since 1987 McPheters has delivered a cumulative total of more than 500 speeches and presentations to various public and private audiences at business and academic conferences in Arizona and across the nation.
McPheters has published numerous articles in books and professional journals on various topics, including immigration, executive compensation, monetary policy, international business cycles, and issues in law and economics. At the federal level, his work has been supported by the United States departments of Justice, Transportation, Agriculture, and the Treasury. In Arizona, he has completed research projects for the Arizona Department of Transportation, Sky Harbor International Airport, Boeing, and many other public and corporate sponsors.
McPheters completed his undergraduate studies at San Francisco State University and received his Ph.D. in economics from Virginia Polytechnic Institute. He has been at ASU since 1976, teaching courses at the undergraduate and graduate level in monetary and regional economics. In addition, has held various administrative positions at ASU including Senior Associate Dean for Graduate Programs in the W. P. Carey School of Business from 1991 – 2008.
This document summarizes recent population trends in Illinois based on Census Bureau data. It finds that:
- Illinois has experienced a net population loss over the last decade, losing over 159,000 residents between 2010-2019, while neighboring states like Indiana and Minnesota have grown.
- Both rural and urban areas of Illinois have seen population declines, with the Chicago metro area losing over 94,000 residents between 2013-2018, an unprecedented loss.
- Only 7 of Illinois' 102 counties grew between 2018-2019, and few have seen gains this decade, putting Illinois at risk of losing a congressional seat after the 2020 Census if trends continue.
The document provides demographic, economic, and labor market data and analysis for Lake County. It shows that between 2000-2012 the population grew modestly due to natural increase, though many young people moved out. The population is aging and becoming more diverse. The number of establishments doubled from 2000-2011 primarily through new business formation. Health care and social assistance is the largest industry, providing the most jobs. Office and administrative support and sales are the top occupations. Educational attainment among residents has increased.
The document provides data on demographics, economic, and labor market conditions in Lake County from 2000-2012. Some key findings include:
- The population grew 2% to nearly 507,000, primarily through natural increase as out-migration exceeded in-migration. The population is aging as those under 50 declined.
- The number of establishments doubled to over 32,000, mostly through new startups. Most establishments have 1-9 employees.
- The largest industry is health care/social assistance, employing 34,000. Manufacturing and retail also employ over 25,000 each.
U.S. employment update and outlook: October 2014JLL
Unemployment dips to 5.9 percent in September—its first time below 6.0 percent during the recovery.
The U.S. economy got back on track in September, bouncing back from a sluggish August with 248,000 net new jobs. Growth occurred across sectors and geographies, with office-using industries in particular benefiting from improved corporate confidence leading to permanent hiring.
Total unemployment, which includes discouraged and marginally detached workers, also declined slightly to 11.8 percent, bringing it below the 10-year average.
With numerous other employment metrics all pointing up—including job openings, voluntary quits and CEO confidence—sentiment will only become more optimistic over the coming months.
See more real estate and economic research at: http://bit.ly/1vIGt6m
The document discusses demographic trends in rural Ontario that make rural development more difficult. Specifically:
- There are now fewer potential labour market entrants than potential retirees, implying that population growth must come from migration rather than natural increases.
- Four of 14 Eastern Ontario census divisions saw population declines from 2012-2013, while nine had more deaths than births. However, 11 had more in-migrants than out-migrants.
- Employment has been flat or declining in Eastern Ontario economic regions like Ottawa and Kingston-Pembroke since the mid-2000s, signifying challenges to economic growth.
U.S. employment update and outlook: January 2015 JLL
The U.S. labor market added 252,000 net new jobs in December, bringing total job gains in 2014 to 3.0 million. The unemployment rate declined to 5.6% as consistent job growth outpaced labor force growth. Several industries like construction, education, health and leisure saw strong job additions that offset slower growth in the office-using sector. Overall the report indicates the labor market recovery continued in December with widespread job gains across most states and metropolitan areas.
Saratoga County Manufacturing Economic Index 4.17.19JenniferKelley47
Takeaways from the Saratoga County Manufacturing Index include:
• Manufacturing is the fourth-largest private-sector employer in Saratoga County, representing 11 percent of total employment.
• The semiconductor industry (2,599 jobs) is the leading manufacturing employer, followed by chemicals (1,278), printing (890), paper (518) and fabricated metals (501)
• Nearly half of manufacturing jobs in Saratoga County – 3,678 – are directly supported by exports
• Statewide, the biggest exported NY products by percentage are miscellaneous manufactured commodities (39), followed by semiconductor (12), primary metals (9) and chemicals (9)
• Statewide, the leading foreign countries that receive exported NY products by percentage are Canada (14), Hong Kong (12), Israel (8), the United Kingdom (7) and Switzerland (7)
Extra innings or game over? The outlook for the local and regional economies ...Shay Moser
Lee McPheters, director of the JPMorgan Chase Economic Outlook Center, examined the local and regional economies for 2020.
He's a research Professor of Economics in the W. P. Carey School of Business at Arizona State University and Director of the school’s JPMorgan Chase Economic Outlook Center. The Center maintains the Western Blue Chip Economic Forecast and Greater Phoenix Economic Forecast websites. McPheters also oversees the Job Growth USA website that tracks employment for all industries in the U.S. states and metropolitan areas. The website is frequently used by economists, financial analysts, economic development specialists, and, during election season, fact-checking organizations to evaluate claims by candidates regarding job creation statistics and policies. His writings on the Western region have been quoted in the Wall Street Journal, USA Today, The Economist, Business Week, The New York Times, and Newsweek as well as major metropolitan area newspapers throughout the nation. He has appeared nationally on Good Morning America, Fox News, Marketplace on NPR, and CNN commenting on the economic outlook. As director of the Economic Outlook Center, since 1987 McPheters has delivered a cumulative total of more than 500 speeches and presentations to various public and private audiences at business and academic conferences in Arizona and across the nation.
McPheters has published numerous articles in books and professional journals on various topics, including immigration, executive compensation, monetary policy, international business cycles, and issues in law and economics. At the federal level, his work has been supported by the United States departments of Justice, Transportation, Agriculture, and the Treasury. In Arizona, he has completed research projects for the Arizona Department of Transportation, Sky Harbor International Airport, Boeing, and many other public and corporate sponsors.
McPheters completed his undergraduate studies at San Francisco State University and received his Ph.D. in economics from Virginia Polytechnic Institute. He has been at ASU since 1976, teaching courses at the undergraduate and graduate level in monetary and regional economics. In addition, has held various administrative positions at ASU including Senior Associate Dean for Graduate Programs in the W. P. Carey School of Business from 1991 – 2008.
This document summarizes recent population trends in Illinois based on Census Bureau data. It finds that:
- Illinois has experienced a net population loss over the last decade, losing over 159,000 residents between 2010-2019, while neighboring states like Indiana and Minnesota have grown.
- Both rural and urban areas of Illinois have seen population declines, with the Chicago metro area losing over 94,000 residents between 2013-2018, an unprecedented loss.
- Only 7 of Illinois' 102 counties grew between 2018-2019, and few have seen gains this decade, putting Illinois at risk of losing a congressional seat after the 2020 Census if trends continue.
The document provides demographic, economic, and labor market data and analysis for Lake County. It shows that between 2000-2012 the population grew modestly due to natural increase, though many young people moved out. The population is aging and becoming more diverse. The number of establishments doubled from 2000-2011 primarily through new business formation. Health care and social assistance is the largest industry, providing the most jobs. Office and administrative support and sales are the top occupations. Educational attainment among residents has increased.
The document provides data on demographics, economic, and labor market conditions in Lake County from 2000-2012. Some key findings include:
- The population grew 2% to nearly 507,000, primarily through natural increase as out-migration exceeded in-migration. The population is aging as those under 50 declined.
- The number of establishments doubled to over 32,000, mostly through new startups. Most establishments have 1-9 employees.
- The largest industry is health care/social assistance, employing 34,000. Manufacturing and retail also employ over 25,000 each.
U.S. employment update and outlook: October 2014JLL
Unemployment dips to 5.9 percent in September—its first time below 6.0 percent during the recovery.
The U.S. economy got back on track in September, bouncing back from a sluggish August with 248,000 net new jobs. Growth occurred across sectors and geographies, with office-using industries in particular benefiting from improved corporate confidence leading to permanent hiring.
Total unemployment, which includes discouraged and marginally detached workers, also declined slightly to 11.8 percent, bringing it below the 10-year average.
With numerous other employment metrics all pointing up—including job openings, voluntary quits and CEO confidence—sentiment will only become more optimistic over the coming months.
See more real estate and economic research at: http://bit.ly/1vIGt6m
The document discusses demographic trends in rural Ontario that make rural development more difficult. Specifically:
- There are now fewer potential labour market entrants than potential retirees, implying that population growth must come from migration rather than natural increases.
- Four of 14 Eastern Ontario census divisions saw population declines from 2012-2013, while nine had more deaths than births. However, 11 had more in-migrants than out-migrants.
- Employment has been flat or declining in Eastern Ontario economic regions like Ottawa and Kingston-Pembroke since the mid-2000s, signifying challenges to economic growth.
U.S. employment update and outlook: January 2015 JLL
The U.S. labor market added 252,000 net new jobs in December, bringing total job gains in 2014 to 3.0 million. The unemployment rate declined to 5.6% as consistent job growth outpaced labor force growth. Several industries like construction, education, health and leisure saw strong job additions that offset slower growth in the office-using sector. Overall the report indicates the labor market recovery continued in December with widespread job gains across most states and metropolitan areas.
Saratoga County Manufacturing Economic Index 4.17.19JenniferKelley47
Takeaways from the Saratoga County Manufacturing Index include:
• Manufacturing is the fourth-largest private-sector employer in Saratoga County, representing 11 percent of total employment.
• The semiconductor industry (2,599 jobs) is the leading manufacturing employer, followed by chemicals (1,278), printing (890), paper (518) and fabricated metals (501)
• Nearly half of manufacturing jobs in Saratoga County – 3,678 – are directly supported by exports
• Statewide, the biggest exported NY products by percentage are miscellaneous manufactured commodities (39), followed by semiconductor (12), primary metals (9) and chemicals (9)
• Statewide, the leading foreign countries that receive exported NY products by percentage are Canada (14), Hong Kong (12), Israel (8), the United Kingdom (7) and Switzerland (7)
The national economy has finally gained back all jobs lost during recession, 79 months after the recession began. Not only are we back to the pre-recession employment peak—we’re 98,000 jobs above it.
The 217,000 new jobs created in May represent the fourth consecutive month of more than 200,000 payroll additions, the first time that this has happened during the recovery of late. Unemployment held steady at 6.3 percent, as did the labor force participation rate at its low of 62.8 percent.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
The following slides provide the background data and information that have informed the future trends identified under the population theme. This presentation should be viewed alongside those for the other themes in order for the wider picture to be understood.
U.S. employment update and outlook: December 2014JLL
November gain of 321,000 jobs confirms the strength of the recovery
The U.S. economy saw the growth of an additional 321,000 net new jobs in November. With revisions of earlier months' data, makes November the ninth consecutive month with gains surpassing 200,000 jobs.
Unemployment remained steady from the previous month at 5.8 percent. Total unemployment—which includes detached workers—dropped by 10 basis points to a recovery low of 11.4 percent, as the number of marginally detached workers slowly declines.
See more economic, office and real estate research at http://bit.ly/1s2tk4M
The unemployment rate dropped yet again in June, to 6.1 percent. However, total unemployment, which dropped only 10 basis points in June to 12.1 percent, is still double that official rate.
Total non-farm employment increased by 288,000 jobs, making June the fifth consecutive month of growth over 200,000 net new jobs. And, this growth was diverse, with the top three industry markets contributing only one-half of new jobs, and all but two subsectors showing net growth.
See more employment data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
Additional office market research at: http://bit.ly/1znn4KF
The document provides an overview and analysis of demographic and economic indicators for the River Hills region in Indiana. It finds that from 2002 to 2013, the region's population grew at a faster rate than the rest of the state, driven primarily by domestic migration and natural increase. The population is slightly older than the state overall. Educational attainment levels are lower in the region compared to the state, though high school graduation rates increased and surpassed the state by 2013. The region also has lower rates of bachelor's degree attainment. Income inequality appears to be rising as median incomes decreased while per capita incomes and poverty increased from 2002 to 2013.
April 2011 Index Highlights:
• Annual growth rate at 9 percent in April, marking the 15th consecutive month of year-over year growth
• Index climbs 7 percent (9 points) month-over-month
• 27 of the 28 metro markets showed positive annual growth in April
• Mining, quarrying, oil and gas extraction continues to lead the Index on an annual basis;
manufacturing reaches highest levels of demand since late 2008, driving growth in
manufacturing hubs such as Detroit and Cleveland
The Monster Employment Index is a monthly gauge of U.S. online job demand based on a realtime review of millions of employer job opportunities culled from a large representative selection of career Web sites and online job listings.
The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
The following slides provide the background data and information that have informed the future trends identified under the society and culture theme. This presentation should be viewed alongside those for the other themes in order for the wider picture to be understood.
The October 2019 Ipsos MORI Issues Index confirms that Brexit remains the biggest concern facing Britain in the eyes of the public. Two thirds of Britons mention Britain’s exit from the EU as a big issue (63%), similar to the September score of 65 per cent, while just over half see it as the single biggest worry (52%). Fieldwork was carried out while MPs were voting on Boris Johnson’s Brexit deal but prior to decision to call a General Election.
The following slides provide the background data and information that have informed the future trends identified under the economy and infrastructure theme. This presentation should be viewed alongside those for the other themes in order for the wider picture to be understood.
Gold Hill Socio Economic Analysis Memo_FinalRoss Peizer
This memo analyzes the socioeconomic and demographic characteristics of Gold Hill, Oregon to inform the community's parks master plan. It finds that Gold Hill's population grew slightly faster than the state and county between 2000-2010. The median age increased from 36.7 to 43.9 years, indicating more adults and seniors. Population is projected to increase 76% by 2040, requiring parks that serve all ages and abilities. The memo provides details on population trends, age distribution, ethnicity, and recommendations to ensure parks meet community needs.
The document provides demographic, economic, and labor market data and analysis for Lake County. It shows that between 2000-2012 the population grew modestly due to natural increase, though many young people moved away. The population became more diverse and better educated. The economy saw strong growth in establishments, especially small businesses. Top industries like healthcare and manufacturing declined slightly while others like construction grew. Office and administrative jobs make up the largest occupation.
A brief presentation of recent population trends in Illinois from 2010 to 2017 along with related commentary. This is part of an ongoing series of presentations on topics relevant to Illinois and the U.S. midwest.
The document provides an overview of the Chicago multifamily real estate market. Key points include:
- The economy is cooling as the Federal Reserve raises interest rates aggressively, which is slowing inflation but may cause a recession.
- Job growth in Chicago is strongest in the education/health services and professional/business services sectors.
- Multifamily construction levels in Chicago remain high but absorption continues to outpace deliveries, keeping vacancy low relative to the national average.
- Rent growth in Chicago is expected to moderate in 2023 but remain positive, with the strongest growth in suburban submarkets. Concessions are rising in the downtown area.
The document provides information about micro-housing and the need for smaller housing units in the Greater Boston area. It notes that housing costs have risen significantly while incomes have stagnated, leading to affordability issues. Many residents are single or older adults who would benefit from compact housing options. The document outlines examples of micro-housing projects in Boston consisting of studios and small one-bedroom units ranging from 300-700 square feet to address this need. It suggests ways city planning could support increasing the supply of smaller affordable units.
Lee McPheters, director of the JPMorgan Chase Economic Outlook Center at the W. P. Carey School of Business at Arizona State University, shares the 2019 outlook for Arizona at the 55th Annual Economic Forecast Luncheon on Nov. 28, 2018.
The State of Erie County and the City of SanduskyGSPAdmin
The document provides an overview of national, regional, and local economic indicators to analyze the state of Erie County and the City of Sandusky, Ohio. At the national level, it shows the U.S. has recovered from the COVID-19 pandemic, with record low unemployment but declining workforce participation. For Erie County and Sandusky specifically, it highlights population declines, an aging population, lower educational attainment compared to peer communities, and industries like manufacturing and tourism. Benchmarking against similar peer communities finds Erie County and Sandusky lag in areas like population and workforce growth.
The document summarizes statistics about Austin, Texas that show the city has experienced significant population and job growth over the past decade and a half. However, it also notes that most of the new jobs created require only a high school diploma or less and do not pay enough to afford median rents in Austin. Additionally, there are disparities in educational attainment between racial/ethnic groups that are limiting access to well-paying jobs for many Austin residents. Unless these gaps are addressed, socioeconomic segregation is likely to increase as the cost of living rises.
2015 was a banner year for the Greater San Marcos region with major new announcements and jobs. What will the next year bring for our region as we work to grow by design rather than by default? Hear from business leaders and industry experts about new developments and opportunities for the most dynamic corridor in the U.S.!
Keynote Speaker: Critically Acclaimed Global Urban Studies Thought-Leader and "America's Uber-Geographer" by the New York Times - Mr. Joel Kotkin
Panel Presentation: "Deal of the Year" - [Project Endurance] Amazon.com, Inc. - Fulfillment Center (video link available here: https://vimeo.com/165896341)
Sustainable Coastal Development: Finding Certainty in Uncertain TimesOregon Sea Grant
The document discusses key trends and challenges facing cities including globalization, climate change, technological innovation, aging infrastructure, and changing demographics. It analyzes population and employment changes in various cities between 1970-2020 and investment in areas like venture capital and university research. Quality of life factors like parks, culture and education are also examined. Lessons for cities include the need for leadership, a clear vision and goals, institutional capacity, transparency, appropriate financing, land control, design excellence, and public trust in development partnerships.
Overview of income trends in the state of Oregon. Comparing total personal income, wages, transfer payments over time and across regions within Oregon. Assessing the Great Recession's impact on median family incomes in the Portland and Salem regions. Also showing how to apply Census and BEA income data to similar topics and pair with other data sources, like housing costs, household debt, and job polarization.
The national economy has finally gained back all jobs lost during recession, 79 months after the recession began. Not only are we back to the pre-recession employment peak—we’re 98,000 jobs above it.
The 217,000 new jobs created in May represent the fourth consecutive month of more than 200,000 payroll additions, the first time that this has happened during the recovery of late. Unemployment held steady at 6.3 percent, as did the labor force participation rate at its low of 62.8 percent.
See details on the data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
The following slides provide the background data and information that have informed the future trends identified under the population theme. This presentation should be viewed alongside those for the other themes in order for the wider picture to be understood.
U.S. employment update and outlook: December 2014JLL
November gain of 321,000 jobs confirms the strength of the recovery
The U.S. economy saw the growth of an additional 321,000 net new jobs in November. With revisions of earlier months' data, makes November the ninth consecutive month with gains surpassing 200,000 jobs.
Unemployment remained steady from the previous month at 5.8 percent. Total unemployment—which includes detached workers—dropped by 10 basis points to a recovery low of 11.4 percent, as the number of marginally detached workers slowly declines.
See more economic, office and real estate research at http://bit.ly/1s2tk4M
The unemployment rate dropped yet again in June, to 6.1 percent. However, total unemployment, which dropped only 10 basis points in June to 12.1 percent, is still double that official rate.
Total non-farm employment increased by 288,000 jobs, making June the fifth consecutive month of growth over 200,000 net new jobs. And, this growth was diverse, with the top three industry markets contributing only one-half of new jobs, and all but two subsectors showing net growth.
See more employment data, including demographic, geographic and industry breakdowns, in this report featuring research from the Bureau of Labor Statistics and JLL.
Additional office market research at: http://bit.ly/1znn4KF
The document provides an overview and analysis of demographic and economic indicators for the River Hills region in Indiana. It finds that from 2002 to 2013, the region's population grew at a faster rate than the rest of the state, driven primarily by domestic migration and natural increase. The population is slightly older than the state overall. Educational attainment levels are lower in the region compared to the state, though high school graduation rates increased and surpassed the state by 2013. The region also has lower rates of bachelor's degree attainment. Income inequality appears to be rising as median incomes decreased while per capita incomes and poverty increased from 2002 to 2013.
April 2011 Index Highlights:
• Annual growth rate at 9 percent in April, marking the 15th consecutive month of year-over year growth
• Index climbs 7 percent (9 points) month-over-month
• 27 of the 28 metro markets showed positive annual growth in April
• Mining, quarrying, oil and gas extraction continues to lead the Index on an annual basis;
manufacturing reaches highest levels of demand since late 2008, driving growth in
manufacturing hubs such as Detroit and Cleveland
The Monster Employment Index is a monthly gauge of U.S. online job demand based on a realtime review of millions of employer job opportunities culled from a large representative selection of career Web sites and online job listings.
The Index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.
The following slides provide the background data and information that have informed the future trends identified under the society and culture theme. This presentation should be viewed alongside those for the other themes in order for the wider picture to be understood.
The October 2019 Ipsos MORI Issues Index confirms that Brexit remains the biggest concern facing Britain in the eyes of the public. Two thirds of Britons mention Britain’s exit from the EU as a big issue (63%), similar to the September score of 65 per cent, while just over half see it as the single biggest worry (52%). Fieldwork was carried out while MPs were voting on Boris Johnson’s Brexit deal but prior to decision to call a General Election.
The following slides provide the background data and information that have informed the future trends identified under the economy and infrastructure theme. This presentation should be viewed alongside those for the other themes in order for the wider picture to be understood.
Gold Hill Socio Economic Analysis Memo_FinalRoss Peizer
This memo analyzes the socioeconomic and demographic characteristics of Gold Hill, Oregon to inform the community's parks master plan. It finds that Gold Hill's population grew slightly faster than the state and county between 2000-2010. The median age increased from 36.7 to 43.9 years, indicating more adults and seniors. Population is projected to increase 76% by 2040, requiring parks that serve all ages and abilities. The memo provides details on population trends, age distribution, ethnicity, and recommendations to ensure parks meet community needs.
The document provides demographic, economic, and labor market data and analysis for Lake County. It shows that between 2000-2012 the population grew modestly due to natural increase, though many young people moved away. The population became more diverse and better educated. The economy saw strong growth in establishments, especially small businesses. Top industries like healthcare and manufacturing declined slightly while others like construction grew. Office and administrative jobs make up the largest occupation.
A brief presentation of recent population trends in Illinois from 2010 to 2017 along with related commentary. This is part of an ongoing series of presentations on topics relevant to Illinois and the U.S. midwest.
The document provides an overview of the Chicago multifamily real estate market. Key points include:
- The economy is cooling as the Federal Reserve raises interest rates aggressively, which is slowing inflation but may cause a recession.
- Job growth in Chicago is strongest in the education/health services and professional/business services sectors.
- Multifamily construction levels in Chicago remain high but absorption continues to outpace deliveries, keeping vacancy low relative to the national average.
- Rent growth in Chicago is expected to moderate in 2023 but remain positive, with the strongest growth in suburban submarkets. Concessions are rising in the downtown area.
The document provides information about micro-housing and the need for smaller housing units in the Greater Boston area. It notes that housing costs have risen significantly while incomes have stagnated, leading to affordability issues. Many residents are single or older adults who would benefit from compact housing options. The document outlines examples of micro-housing projects in Boston consisting of studios and small one-bedroom units ranging from 300-700 square feet to address this need. It suggests ways city planning could support increasing the supply of smaller affordable units.
Lee McPheters, director of the JPMorgan Chase Economic Outlook Center at the W. P. Carey School of Business at Arizona State University, shares the 2019 outlook for Arizona at the 55th Annual Economic Forecast Luncheon on Nov. 28, 2018.
The State of Erie County and the City of SanduskyGSPAdmin
The document provides an overview of national, regional, and local economic indicators to analyze the state of Erie County and the City of Sandusky, Ohio. At the national level, it shows the U.S. has recovered from the COVID-19 pandemic, with record low unemployment but declining workforce participation. For Erie County and Sandusky specifically, it highlights population declines, an aging population, lower educational attainment compared to peer communities, and industries like manufacturing and tourism. Benchmarking against similar peer communities finds Erie County and Sandusky lag in areas like population and workforce growth.
The document summarizes statistics about Austin, Texas that show the city has experienced significant population and job growth over the past decade and a half. However, it also notes that most of the new jobs created require only a high school diploma or less and do not pay enough to afford median rents in Austin. Additionally, there are disparities in educational attainment between racial/ethnic groups that are limiting access to well-paying jobs for many Austin residents. Unless these gaps are addressed, socioeconomic segregation is likely to increase as the cost of living rises.
2015 was a banner year for the Greater San Marcos region with major new announcements and jobs. What will the next year bring for our region as we work to grow by design rather than by default? Hear from business leaders and industry experts about new developments and opportunities for the most dynamic corridor in the U.S.!
Keynote Speaker: Critically Acclaimed Global Urban Studies Thought-Leader and "America's Uber-Geographer" by the New York Times - Mr. Joel Kotkin
Panel Presentation: "Deal of the Year" - [Project Endurance] Amazon.com, Inc. - Fulfillment Center (video link available here: https://vimeo.com/165896341)
Sustainable Coastal Development: Finding Certainty in Uncertain TimesOregon Sea Grant
The document discusses key trends and challenges facing cities including globalization, climate change, technological innovation, aging infrastructure, and changing demographics. It analyzes population and employment changes in various cities between 1970-2020 and investment in areas like venture capital and university research. Quality of life factors like parks, culture and education are also examined. Lessons for cities include the need for leadership, a clear vision and goals, institutional capacity, transparency, appropriate financing, land control, design excellence, and public trust in development partnerships.
Overview of income trends in the state of Oregon. Comparing total personal income, wages, transfer payments over time and across regions within Oregon. Assessing the Great Recession's impact on median family incomes in the Portland and Salem regions. Also showing how to apply Census and BEA income data to similar topics and pair with other data sources, like housing costs, household debt, and job polarization.
The document provides an overview of demographic, housing market, and economic trends in Lake Elsinore, California. It notes that Lake Elsinore has experienced population growth and shifts towards younger residents in recent years. Housing demand has remained strong, with home sales down slightly in 2020 but prices continuing to rise. The forecast predicts a bounce back in home sales in 2021 while prices continue a slow climb. Remote work is changing housing preferences, with more demand for homes further from urban centers that allow larger spaces for both living and working. Retail and office spaces struggling due to COVID-19 may be converted to residential units. The document also briefly discusses state policies from the 2020 legislative session.
Current overview and outlook of the Portland, Oregon housing market. Details recent affordability trends in addition to new construction, demand, demographics, remodeling work and the continued impact of the housing bubble aftermath. Forecasts provided for population growth, new construction and prices.
Changing Rockford Demographics 2011: The Meaning for Advertising and MarketingAAF Northern Illinois
The document summarizes demographic and economic trends in Rockford, Illinois and Winnebago County based on Census data and other sources. Population growth from 2000-2010 was driven primarily by increases among minority groups, especially Hispanics. Median income and per capita income have risen slowly compared to national levels. Poverty rates are high and unemployment was severely impacted by loss of manufacturing jobs. Educational attainment levels trail state and national rates.
Update and outlook: Arizona and metro PhoenixShay Moser
1) Arizona ranked 4th in the US for job growth in 2018, adding over 78,000 new jobs. The top 5 growing industries - construction, healthcare, professional services, manufacturing, and transportation - accounted for two-thirds of new jobs in Q1 2019.
2) Arizona is forecast to add over 77,000 new jobs in 2019, with population growth exceeding 100,000 new residents for the 4th consecutive year. Home prices are rising faster than wages in metro Phoenix.
3) While Arizona and metro Phoenix continue to see strong economic expansion in 2019, growth may slow from recent highs as the national economy poses risks. Key industry drivers remain construction, healthcare, and domestic in-migration.
Changing Demographics: The Meaning for Advertising and MarketingAAF Northern Illinois
Joel Cowen, Health Systems Research, offers a review of demographic, social and economic trends in the Rockford area focused on the growth of the "underclass" with discussion of the meaning for retailing, advertising and marketing.
The population in the Western Chester County region grew 25% between 2000 and 2010, faster than Chester County as a whole. This was due in part to new housing and transportation improvements like the Route 30 bypass and SEPTA service. Median household incomes rose significantly during this period as well. Over 60% of the workforce is in white collar jobs and educational attainment exceeds surrounding areas. While there are perceptions of crime and poor schools, reality shows lower crime rates, all schools exceeding state standards, and a comparable workforce to other regions. The study will analyze trends and issues to develop recommendations for the future of Western Chester County.
Williamson County, Texas: Changing Demographics and Implications of GrowthCivic Analytics LLC
Williamson County is growing rapidly due to migration from other areas, especially Travis County. The population is becoming more diverse, with the Hispanic population projected to be over half of new residents in the next 20 years. This presents challenges around education and income inequality but also opportunities if inclusive economic development policies are pursued. Growth represents both challenges and opportunities for Williamson County to leverage as it takes on a more prominent role in the Austin region.
Economic Growth in Central Texas: The Promise and Reality of Prosperity in ou...Civic Analytics LLC
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2. BOISE AREA PROFILE
• Key Metrics
• Idaho Jobs Profile
• Why Idaho
• Education Emphasis
• National Scene
• Cost of Living
• Major Employers
• Business and
Technology
• Higher Education
• Healthcare
• Public Safety and
Quality
• Transportation
• Population
• Population Growth
• Demographics
• Net Migration
• Household Formation
• Corridors of Growth
01
Why Idaho
02
Boise Area Profile
03
Population Growth
04
Jobs and Housing
• Access to Capital
• Idaho Tax Climate
• Job Growth
• Absorption Rate
• Trends
• Rent Comparisons
Pages 3-14 Pages 16-21 Pages 23-28 Pages 30-35
3. BOISE AREA KEY METRICS
2.2% Vacancy
2.5% Unemployment
4.5% Job Growth
Average Commute
17.2 Minutes
1.2 Months Home
Inventory Supply
304% Increase in
Domestic Migration
3
Bureau of Labor Statistics, Oct 2018
4. IDAHO JOB
PROFILE
#1
Nation's
Fastest-Growing State
#2
Best State to Land
Your Dream Job
#8
Best State for Future
Job Growth
#1
Best Places in US
to Live
#6 Public Safety and
Quality
#7 Economic and
Fiscal Stability
#12 Overall
Best State
2018
2019
2018
20192018
4
2019
5. WHY BOISE IDAHO
Spirit of Boise Balloon Classic
#1
Nation's Fastest-
Growing State
2018
2019
#8
Best State For
Future Job
Growth
2018
#1
Fastest Growing
Software
Industries
2018
#2
Best State to
Land Dream Job
2018
#1
State for
Wage Growth
MAR
2018
Commerce
Department
#2
Top Growth
Cities
JAN
2018
Top 20
Best Cities for
Young
Professionals
May
2017
Top 25
Best US Towns
"Best Rocky
Mountain Secret"
JUN
2017
Top 20
North America's
Coolest
Downtowns
APR
2017
Top 9
9 Best Places
to Live Now
2019
#1
Best Places
to Live
2019
#1
Fastest Rate
of Job Growth
2018
Top 10
Best Cities for
Recreation
JUL
2018
#12
Best
Performing
Cities
JAN
2019
#2
Best State Capitals
to Live in
FEB
2019
#1
Top
Performing
Economy
AUG
2017
#1
Best
Hot Springs In
America
FEB
2019
#1
The Best,
Affordable Places
To Live
MAR
2019
6. WHY IDAHO
One of the nation's highest %
of residence participating in
outdoor recreation
-Outdoor Industry July 2017 Report
photo by Jackson Hole Traveler
6
7. WHY IDAHO
Metrics include:
• Protected land
• Campgrounds per 1,000 people
• Outdoor recreation spending
• Outdoor jobs
• Trails per 1,000 people
• Air pollution
• Number of bike shops
• Number of running clubs
Idaho is the 3rd best
outdoor state in America
Island Park
World's largest caldera extending 58 x 40 miles
photo by islandparkidaho.com
7
8. WHY IDAHO
Journeys of a Lifetime
Middle Fork Salmon River
World's Top 10 Best White-Water
Rafting Destinations
photo by visitidaho.org
8
9. WHY IDAHO
Sun Valley is one of the
country’s best ski resorts, and
it is probably the most
distinctive.
World's Best Ski Resorts, 2016
photo by visitsunvalley.com
9
10. EDUCATIONAL EMPHASIS
Almost every city in Idaho
with a population over
20,000 has a college or
university.
87%
Graduation Rate
10
50,000+
Students Enrolled
In the Boise Metro, over
50,000 students are enrolled
in higher education
institutions
13. IDAHO'S
COST OF LIVING
Cost of Housing
87.9%
Cost of Living
92.5% *US Average
13
14. MAJOR EMPLOYERS
Micron Technology
St Lukes Regional Medical Center
St Alphonsus Regional Medical Center
Boise State University
WinCo Foods
J.R. Simplot
Lamb Weston
Boise Cascade
Hewlett-Packard
Trus Joist Corp
Plexus
14
15. BOISE AREA PROFILE
• Key Metrics
• Idaho Jobs Profile
• Why Idaho
• Education Emphasis
• National Scene
• Cost of Living
• Major Employers
• Business and
Technology
• Higher Education
• Healthcare
• Public Safety and
Quality
• Transportation
• Population
• Population Growth
• Demographics
• Net Migration
• Household Formation
• Corridors of Growth
01
Why Idaho
02
Boise Area Profile
03
Population Growth
04
Jobs and Housing
• Access to Capital
• Idaho Tax Climate
• Job Growth
• Absorption Rate
• Trends
• Rent Comparisons
Pages 3-14 Pages 16-20 Pages 22-27 Pages 29-34
21. BOISE AREA PROFILE
• Key Metrics
• Idaho Jobs Profile
• Why Idaho
• Education Emphasis
• National Scene
• Cost of Living
• Major Employers
• Business and
Technology
• Higher Education
• Healthcare
• Public Safety and
Quality
• Transportation
• Population
• Population Growth
• Demographics
• Net Migration
• Household Formation
• Corridors of Growth
01
Why Idaho
02
Boise Area Profile
03
Population Growth
04
Jobs and Housing
• Access to Capital
• Idaho Tax Climate
• Job Growth
• Absorption Rate
• Trends
• Rent Comparisons
Pages 3-14 Pages 16-20 Pages 22-27 Pages 29-34
23. 3.6% Population
Increase over
the last year
POPULATION GROWTH
23
Kensington at North Pointe Apartments, apartments.com
#1
Fastest Growing
City in America
FEB
2018
#1
Best Places
to Live
2019
Ada County Commission, Mar 2019
25. NET MIGRATION
304% Increase in
Annual Net Migration
Annual net domestic migration has
steadily grown from 6,500 in 2015
to 26,246 in 2018
Other
36%
Arizona
4%
Asia
4%
Texas
4%
Nevada
4%
Washington
7%
Utah
9%
Oregon
9%
California
23%
Source of In-Migration
83% In-Migration
Came From Out-of-State
78% Were People Under 50
25
28. BOISE AREA PROFILE
• Key Metrics
• Idaho Jobs Profile
• Why Idaho
• Education Emphasis
• National Scene
• Cost of Living
• Major Employers
• Business and
Technology
• Higher Education
• Healthcare
• Public Safety and
Quality
• Transportation
• Population
• Population Growth
• Demographics
• Net Migration
• Household Formation
• Corridors of Growth
01
Why Idaho
02
Boise Area Profile
03
Population Growth
04
Jobs and Housing
• Access to Capital
• Idaho Tax Climate
• Job Growth
• Absorption Rate
• Trends
• Rent Comparisons
Pages 3-14 Pages 16-20 Pages 22-27 Pages 29-34
29. ACCESS
TO CAPITAL
$2.4B invested in Idaho
companies through mergers,
acquisitions, private placement,
and public offers in 2017.
61%
in technology
companies.
photo by TSheets
29
30. IDAHO TAX CLIMATE
7% Corporate
Income Tax
6% Sales Tax
1.4% Average
Property Tax
As high as 30%
tax credit on income,
payroll, and sales tax for
up to 15 years
Qualifying
Corporations
30
31. JOB GROWTH
Photo: Jack's Urban Meeting Place, Boise, Wikimedia Commons31
2.5% Unemployment
4.5% Job Growth
#2
Best State to Land
Your Dream Job
#8
Best State for Future
Job Growth
2018 2019
Ada County had an employment increase of 4.5%
from March 2017 to March 2018
Bureau of Labor Statistics, Oct 2018
32. STRONG ABSORPTION
40% Increase
Average rent/sf over the
last 5 years
Red Tail Apartments, apartments.com
32
2.2% Vacancy
2018 Q4
Apartment Deliveries
2008-2012: 1,000
2013-2018: 7,500
650% Increase
Apartments delivered
over last 5 years
33. 0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
Jan 2010 Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Aug 2018
2.2%
2.8%
3.2%
2.6%2.7%
2.3%
4.0%
4.5%
5.7%
9.4%
Average
Ada Real Estate Surveys
VACANCY OVERVIEW
Valbridge Report Oct 2018
34. Units
Surveyed
Reported
Vacancy
Bed Count Vacancy
1BR 2BR 3BR
Aug 2018 17,421 2.2% 2.3% 2.1% 2.1%
Jan 2018 17,085 2.8% 2.8% 3.0% 2.3%
Jan 2017 16,515 3.2% 2.7% 3.7% 2.9%
Jan 2016 15,324 2.6% 1.8% 3.1% 2.8%
Jan 2015 14,434 2.7% 2.7% 2.7% 2.5%
Jan 2014 13,933 2.3% 1.6% 2.9% 2.6%
Jan 2013 13,788 4.0% 3.6% 4.1% 6.0%
Jan 2012 13,689 4.5% 4.0% 4.6% 6.3%
Jan 2011 13,689 5.7% 5.6% 5.9% 5.8%
Jan 2010 13,294 9.4% 7.3% 10.5% 13.6%
Ada Real Estate Surveys
VACANCY OVERVIEW
Valbridge Report Oct 2018
35. JOB GROWTH
0.0%
1.3%
2.5%
3.8%
5.0%
Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Aug 2018 Oct 2018
4.5%
3.4%
3.8%
4.2%
2.5%
3.5%
2.3%
3.2%
2.4%
Average
Ada and Canyon Counties Combined Year over Year Job Growth
Idaho Department of Employment, Bureau of Labor Statistics
36. INVENTORY VS MEDIAN PRICES
Single Family Existing / Resale
Ada County
MedianPrice
$0
$80,000
$160,000
$240,000
$320,000
Inventory
0
1000
2000
3000
4000
Mar 2008 Mar 2011 Mar 2014 Mar 2019
$309,900
$180,000
$130,000
$195,000
3,300
2,000
1,500
590
1.3
Months
Supply
38. EXISTING / RESALE INVENTORY
Single Family
Ada County
High: $309,900 in Mar 2019 | Low $126,500 in Jan 2011 | April 2019 $309,900
39. INVENTORY VS MEDIAN PRICES
Single Family New Construction
Ada County
MedianPrice
$0
$95,000
$190,000
$285,000
$380,000
Inventory
0
325
650
975
1300
Mar 2008 Mar 2011 Mar 2014 Mar 2019
$377,000
$310,000
185,000
215,000
1,250
590
720 760
2.6
Months
Supply