This document summarizes a presentation by Situs, a commercial real estate services firm. It discusses the history of land development in Houston from the postwar period to today. It describes how the population rapidly suburbanized from 1946-1980 as people moved to new subdivisions outside the city. It then details how Houston experienced a boom and bust in the 1980s, with a surge in suburban development in the early part of the decade followed by the oil bust and S&L crisis. Finally, it notes that distressed land sales by government agencies in the 1990s fueled new development after a period of slow growth.
The document discusses population trends in Michigan from 2000 to 2010. It shows that Michigan experienced slow population growth during this period, with a net loss due to domestic migration out of the state and relatively low birth rates. As a result, Michigan lost political representation and economic stimulus from population growth. The aging population profile and decline in manufacturing jobs also reshaped Michigan's demographics during this period.
The document summarizes research from the Centre for Management Buyout Research on the impact of private equity investors on portfolio companies. Some key findings include:
1) Buyouts generally improve operating profitability and productivity compared to non-buyouts in the first few years. However, more recent public-to-private deals have not shown as high returns.
2) Private equity backing leads to refocusing, divestment, and higher entrepreneurial actions like new product development compared to non-buyouts. This drives improved growth and investment.
3) Active private equity firm monitoring and experienced industry-focused boards play an important role in creating value through strategy development and timely restructuring of distressed firms.
Shelub cdc health care professional travel lectureAaron Shelub
This document discusses key aspects of travel medicine and the pre-travel consultation. It outlines topics to cover in the consultation including assessing the traveler's health risks based on their medical history, itinerary, destinations and activities. Common health risks and diseases of concern for travelers are reviewed, such as malaria, travelers' diarrhea, hepatitis A, typhoid and yellow fever. The importance of vaccinations for adult travelers is emphasized. The document provides guidance on travel health resources and disease specific information to discuss with patients during the pre-travel consultation.
1. The US mortgage market has grown significantly over time, with mortgage debt outstanding growing to over $8 trillion as of 2004, roughly doubling as a percentage of disposable personal income since 1980.
2. Mortgages are originated by a variety of retail institutions and are often sold on the secondary market, with government sponsored entities like Fannie Mae and Freddie Mac securitizing lower risk mortgages that meet certain criteria.
3. The aggregate loan-to-value ratio for owner-occupied housing has increased less sharply than other debt measures and has not increased much since the mid-1990s.
Shelub cdc health care professional travel lectureAaron Shelub
This document provides an overview of travel medicine and the pre-travel consultation process. It discusses key topics including travelers' health epidemiology, assessing the traveler, reviewing the travel itinerary, common travel health risks such as malaria, hepatitis A, typhoid fever and travelers' diarrhea. It also reviews important travel vaccines including hepatitis A and B, typhoid, yellow fever and malaria chemoprophylaxis. The document is intended as an educational reference for healthcare professionals conducting pre-travel health consultations.
Us Commercial Real Estate The Next Drag Aug12futlus
This document summarizes the state of the US real estate markets, including both housing and commercial real estate. While the housing market is showing some signs of improvement with rising home sales and prices, there are still concerns around potential additional foreclosures and difficulties for builders and buyers to obtain financing. The commercial real estate market is seen as the next potential drag, with continued declines in property prices, rising foreclosures, and risks that a large portion of loans from 2006-07 will not qualify for refinancing. Losses in commercial real estate could negatively impact US banks and increase risks of further bank failures.
Nigeria’S Economic Competitiveness In The African Contexticgfmconference
This paper addresses two key issues. First, we provide a set of basic facts on the current state of Nigeria’s economic competitiveness. Using the World Economic Forum’s Global Competitiveness Index, we identify Nigeria’s main competitive strengths and weaknesses. Comparisons with selected African and other countries provide an idea of Nigeria’s economic preparedness to move to a more advanced stage of development. Second, the paper focuses on the fact that in spite of huge oil resources, the nation’s economic competitiveness remains very low. We note the role of expenditure policy in managing the volatility of oil revenue/wealth, which has implications for economic development in Nigeria. We then highlight the areas on which the country should focus in order to achieve higher economic competitiveness, sustainable growth and enduring prosperity for its citizens. These include measures at the macro, micro, state, and regional levels, in addition to adopting sound and prudent fiscal policy, productive investments (especially on infrastructure and human capital), and diversification of the economy.
The document discusses the impacts of the global economic crisis following the financial crisis of 2008. It notes that many developing countries were innocent victims despite not being involved in subprime lending. The crisis led to a collapse in asset prices, economic recession, and declining growth rates around the world. Commodity prices and capital flows also reversed, straining the finances of developing nations. The document advocates for improved international cooperation and policy responses to mitigate the crisis impacts.
The document discusses population trends in Michigan from 2000 to 2010. It shows that Michigan experienced slow population growth during this period, with a net loss due to domestic migration out of the state and relatively low birth rates. As a result, Michigan lost political representation and economic stimulus from population growth. The aging population profile and decline in manufacturing jobs also reshaped Michigan's demographics during this period.
The document summarizes research from the Centre for Management Buyout Research on the impact of private equity investors on portfolio companies. Some key findings include:
1) Buyouts generally improve operating profitability and productivity compared to non-buyouts in the first few years. However, more recent public-to-private deals have not shown as high returns.
2) Private equity backing leads to refocusing, divestment, and higher entrepreneurial actions like new product development compared to non-buyouts. This drives improved growth and investment.
3) Active private equity firm monitoring and experienced industry-focused boards play an important role in creating value through strategy development and timely restructuring of distressed firms.
Shelub cdc health care professional travel lectureAaron Shelub
This document discusses key aspects of travel medicine and the pre-travel consultation. It outlines topics to cover in the consultation including assessing the traveler's health risks based on their medical history, itinerary, destinations and activities. Common health risks and diseases of concern for travelers are reviewed, such as malaria, travelers' diarrhea, hepatitis A, typhoid and yellow fever. The importance of vaccinations for adult travelers is emphasized. The document provides guidance on travel health resources and disease specific information to discuss with patients during the pre-travel consultation.
1. The US mortgage market has grown significantly over time, with mortgage debt outstanding growing to over $8 trillion as of 2004, roughly doubling as a percentage of disposable personal income since 1980.
2. Mortgages are originated by a variety of retail institutions and are often sold on the secondary market, with government sponsored entities like Fannie Mae and Freddie Mac securitizing lower risk mortgages that meet certain criteria.
3. The aggregate loan-to-value ratio for owner-occupied housing has increased less sharply than other debt measures and has not increased much since the mid-1990s.
Shelub cdc health care professional travel lectureAaron Shelub
This document provides an overview of travel medicine and the pre-travel consultation process. It discusses key topics including travelers' health epidemiology, assessing the traveler, reviewing the travel itinerary, common travel health risks such as malaria, hepatitis A, typhoid fever and travelers' diarrhea. It also reviews important travel vaccines including hepatitis A and B, typhoid, yellow fever and malaria chemoprophylaxis. The document is intended as an educational reference for healthcare professionals conducting pre-travel health consultations.
Us Commercial Real Estate The Next Drag Aug12futlus
This document summarizes the state of the US real estate markets, including both housing and commercial real estate. While the housing market is showing some signs of improvement with rising home sales and prices, there are still concerns around potential additional foreclosures and difficulties for builders and buyers to obtain financing. The commercial real estate market is seen as the next potential drag, with continued declines in property prices, rising foreclosures, and risks that a large portion of loans from 2006-07 will not qualify for refinancing. Losses in commercial real estate could negatively impact US banks and increase risks of further bank failures.
Nigeria’S Economic Competitiveness In The African Contexticgfmconference
This paper addresses two key issues. First, we provide a set of basic facts on the current state of Nigeria’s economic competitiveness. Using the World Economic Forum’s Global Competitiveness Index, we identify Nigeria’s main competitive strengths and weaknesses. Comparisons with selected African and other countries provide an idea of Nigeria’s economic preparedness to move to a more advanced stage of development. Second, the paper focuses on the fact that in spite of huge oil resources, the nation’s economic competitiveness remains very low. We note the role of expenditure policy in managing the volatility of oil revenue/wealth, which has implications for economic development in Nigeria. We then highlight the areas on which the country should focus in order to achieve higher economic competitiveness, sustainable growth and enduring prosperity for its citizens. These include measures at the macro, micro, state, and regional levels, in addition to adopting sound and prudent fiscal policy, productive investments (especially on infrastructure and human capital), and diversification of the economy.
The document discusses the impacts of the global economic crisis following the financial crisis of 2008. It notes that many developing countries were innocent victims despite not being involved in subprime lending. The crisis led to a collapse in asset prices, economic recession, and declining growth rates around the world. Commodity prices and capital flows also reversed, straining the finances of developing nations. The document advocates for improved international cooperation and policy responses to mitigate the crisis impacts.
pulte homes 91DC7C77-0015-45F1-A981-8387FF35D0E1_phm_InvestorPresentation200812finance42
The document provides an investor presentation by Pulte Homes covering the current state of the homebuilding industry and Pulte's strategies. It notes that (1) excess inventory and low buyer demand continue to plague the industry, (2) Pulte is focusing on generating cash, reducing inventory and costs, and maintaining financial discipline to weather the downturn, and (3) Pulte's long-term strategic focus on product segmentation, quality, and operational excellence positions it for future growth as the industry recovers and long-term demographic trends remain positive.
The 2003 annual report summarizes Fiserv's financial performance for the year. Some key highlights include:
- Processing and services revenues increased 22% to $2.7 billion.
- Net income grew 18% to $315 million.
- Diluted earnings per share rose 18% to $1.61.
- Cash flow from operations increased 16% to $598.1 million.
- The number of employees grew 12% to 21,700 and number of clients increased 15% to 15,000.
Trends of Formal and Informal Livestock Marketing in Ethiopiaessp2
The document discusses trends in formal and informal livestock marketing in Ethiopia, noting that while livestock exports contribute significantly to Ethiopia's economy, most trade is done informally due to issues like licensing requirements and costs. It also outlines major routes for cross-border livestock trade and recommends improving infrastructure, establishing cooperative links between producers and traders, and addressing power imbalances to formalize the livestock sector.
The document summarizes an open house for a commercial redevelopment study in Midtown Fort Collins. It provides information on the project team from Fregonese Associates and Economic & Planning Systems. It analyzes retail and housing demand, opportunity sites, conceptual plans including prototypes, and discusses redevelopment of Foothills Mall. Next steps outlined include evaluating feasibility, financing options, recommendations, and an implementation action plan.
Northern Virginia Fairfax County Housing MarketBetty Plashal
In December 2010:
- Total housing units sold in Fairfax County increased 9% compared to the previous month but decreased 2% compared to December 2009.
- Active housing inventory decreased 16% from December 2009 and 19% from the previous month.
- The median home sale price rose 8% compared to December 2009 to $390,000, and increased 4% from the previous month.
Foreign Investment and Land Acquisitions in
Eastern Europe: Implications for Africa
Presented by Jo Swinnen at the AGRODEP Workshop on Foreign Direct Investment and Land Markets: Challenges and Opportunities for Africa
June 8, 2011 • Dakar, Senegal
For more information on the workshop or to see the latest version of this presentation visit: http://www.agrodep.org/first-annual-workshop
1) Gold prices rose slightly on weak US jobs data supporting its safe haven status, while European leaders made no progress on debt crisis or Greece's position in the EU.
2) Gold imports to India are expected to fall 50% in May due to a weaker rupee and higher import duties increasing gold's price in India.
3) Pepper prices in India have risen over 14% in two weeks due to lower supplies and strong demand, while other spices have fallen with lower demand. Pepper is currently overbought but expected to trade between Rs. 34,000-44,000.
This document discusses the changing relationship between venture capital and angel investors in funding startups. It notes that due to downturns in the venture capital market, there has been a shift away from VC backing toward more funding from angel investors and self-funding. Certain industries like life sciences and software continue to attract strong VC interest, while telecom and networking see less. Outsourcing is becoming an increasingly important strategy for startups to attract funding and leverage resources. Tough economic conditions have also led to more restrictive funding terms from venture capitalists.
- PRT Growing Services Ltd. is the largest producer of container grown forest seedlings in North America, with 13 nursery sites and over 425 employees.
- The presentation discusses PRT's competitive position, contracted revenue stream, forest seedling market drivers including the housing market and export markets, and the impact of the US housing market downturn on PRT's financial performance between 2008-2011.
- Looking ahead, PRT's growth strategies include leveraging an expected housing market recovery, expanding into regional forestry markets, diversifying into non-forestry starter plants and hardwood seedlings.
Pascal Hartmann is a German sociologist and an experienced strategy executive and theory designer. He is also the Director of the R & D Department at Logon Architecture. With an eye to the future, his work embraces the architectural heritage of the city in a sustainable fashion.
“Sustainable communities” has as much meaning for rural and tribal communities as it does in urban and suburban areas. Come learn what this term and livability principles mean in a nonmetro context. Learn from HUD, USDA, and rural/tribal communities that have planned and implemented effective strategies. Key topics include economic opportunity, transportation, housing, communications, public engagement, and broadband.
This document summarizes key trends and opportunities for developers in the post-recession real estate market:
1) Changing demographics, including large generations of millennials and women outpacing men in education and earnings, will create demand for new types of housing and walkable communities.
2) "Green" features are increasingly important to buyers, especially when marketed for energy savings and health benefits rather than solely environmental impacts.
3) Case studies of two suburban developments, one traditional and one new urbanist, found the new urbanist development was significantly outperforming in home sales during the recession.
4) Empirical evidence suggests the traditional suburban development model is broken and there is an opportunity for scalable
The document summarizes the key aspects of globalization, including the globalization of markets and production. It provides an example of a Vizio TV being designed in California but assembled in Mexico using parts from various countries. It discusses how commodities markets have become more globalized. It also outlines some of the main drivers of globalization like declining trade barriers and technological advances like the internet that have facilitated the global flow of goods, services, and information. However, it also notes some of the criticisms of globalization like its impacts on jobs and wages in advanced countries.
ACFTA Trickle Down Effect: ICT Education Roles on Human Resources Readiness...Djadja Sardjana
• The knowledge-driven economy continues to be
characterized by a rapidly changing and pervasive characterized by a rapidly changing and pervasive
information infrastructure.
• The Internet and its accompanying applications # e-
Business platforms, interactive experiences with new forms of content, sophisticated consumer devices, leading-edge information technology # are all elements of the digital economy.
==> Heavily supported by prominent
ICT Education Institution
The document discusses the fiscal challenges facing policymakers at the end of 2012, known as the "fiscal cliff." It notes that major tax increases and spending cuts are scheduled to take effect simultaneously, which could significantly harm the short-term economy. However, continuing current policies would add substantially to the debt over the long run. The document analyzes the various expiring policies and estimates their costs. It concludes that policymakers should enact a gradual plan to stabilize the debt and strengthen the economy, rather than allowing the abrupt changes or continuing current unsustainable policies. Failing to act could damage confidence and the economy.
This document discusses citizen science projects focused on biodiversity in Europe. It provides background on citizen science, describing it as scientific research conducted in whole or in part by amateur or nonprofessional scientists. It then highlights several examples of biodiversity monitoring projects in Europe, including waarnemingen.be, waarneming.nl, observado.org, artportalen.se, and naturgucker.de. These projects engage citizens to record and report observations of taxa in nature. The document compares the scale of these projects in terms of numbers of observations, users, and other collected data.
Weather Outlook - Dr. Elwynn Taylor, Climatologist, Ag Meteorologist, Iowa State University, from the 2012 World Pork Expo, June 6-8, Des Moines, Iowa, USA.
The document discusses how social change influences population health. It states that social change occurs over time in response to various environmental, political, and social factors. Demographic factors like population size, distribution, structure, fertility rates, mortality rates, and migration patterns are important to estimate current and future social needs. The document also examines differences between traditional and modern cultures, looking at things like relationships, knowledge, religion, and lifestyle. It discusses how values, customs, and traditions are shared within a cultural group and how contact between cultures can lead to acculturation and integration.
The document discusses how social change influences population health. It states that social change occurs over time in response to various environmental, political, and social factors. Demographic factors like population size, distribution, structure, fertility rates, mortality rates, and migration patterns are important to estimate current and future social needs. The document also examines differences between traditional and modern cultures, looking at things like relationships, knowledge, religion, and lifestyle. It discusses how values, customs, and traditions are shared within a community and influence things like why and how people live their lives. Finally, it introduces the concept of acculturation and the factors that influence a culture's resistance or receptiveness to changes, like duration of contact, intensity of contact, and cultural
The document is a 2007 housing report for Missoula, Montana that was produced by a coordinating committee of real estate, banking, and economic experts. It provides demographic data and discusses trends of population growth in Missoula County through migration and natural increase. The report aims to establish common facts for housing and land use discussions to contribute to a shared community vision.
The Great Depression was the worst economic disaster of the 20th century. Real GDP fell 29% from 1929 to 1933 and unemployment rose to 25% of the labor force. Several factors contributed to the Depression, including the stock market crash, collapse of world trade, thousands of bank failures, and monetary collapse as the money supply contracted sharply. Recovery began in the mid-1930s as money supply growth resumed, prices rose, real interest rates fell, and spending increased. World War II helped end the Depression by boosting production and reducing unemployment.
pulte homes 91DC7C77-0015-45F1-A981-8387FF35D0E1_phm_InvestorPresentation200812finance42
The document provides an investor presentation by Pulte Homes covering the current state of the homebuilding industry and Pulte's strategies. It notes that (1) excess inventory and low buyer demand continue to plague the industry, (2) Pulte is focusing on generating cash, reducing inventory and costs, and maintaining financial discipline to weather the downturn, and (3) Pulte's long-term strategic focus on product segmentation, quality, and operational excellence positions it for future growth as the industry recovers and long-term demographic trends remain positive.
The 2003 annual report summarizes Fiserv's financial performance for the year. Some key highlights include:
- Processing and services revenues increased 22% to $2.7 billion.
- Net income grew 18% to $315 million.
- Diluted earnings per share rose 18% to $1.61.
- Cash flow from operations increased 16% to $598.1 million.
- The number of employees grew 12% to 21,700 and number of clients increased 15% to 15,000.
Trends of Formal and Informal Livestock Marketing in Ethiopiaessp2
The document discusses trends in formal and informal livestock marketing in Ethiopia, noting that while livestock exports contribute significantly to Ethiopia's economy, most trade is done informally due to issues like licensing requirements and costs. It also outlines major routes for cross-border livestock trade and recommends improving infrastructure, establishing cooperative links between producers and traders, and addressing power imbalances to formalize the livestock sector.
The document summarizes an open house for a commercial redevelopment study in Midtown Fort Collins. It provides information on the project team from Fregonese Associates and Economic & Planning Systems. It analyzes retail and housing demand, opportunity sites, conceptual plans including prototypes, and discusses redevelopment of Foothills Mall. Next steps outlined include evaluating feasibility, financing options, recommendations, and an implementation action plan.
Northern Virginia Fairfax County Housing MarketBetty Plashal
In December 2010:
- Total housing units sold in Fairfax County increased 9% compared to the previous month but decreased 2% compared to December 2009.
- Active housing inventory decreased 16% from December 2009 and 19% from the previous month.
- The median home sale price rose 8% compared to December 2009 to $390,000, and increased 4% from the previous month.
Foreign Investment and Land Acquisitions in
Eastern Europe: Implications for Africa
Presented by Jo Swinnen at the AGRODEP Workshop on Foreign Direct Investment and Land Markets: Challenges and Opportunities for Africa
June 8, 2011 • Dakar, Senegal
For more information on the workshop or to see the latest version of this presentation visit: http://www.agrodep.org/first-annual-workshop
1) Gold prices rose slightly on weak US jobs data supporting its safe haven status, while European leaders made no progress on debt crisis or Greece's position in the EU.
2) Gold imports to India are expected to fall 50% in May due to a weaker rupee and higher import duties increasing gold's price in India.
3) Pepper prices in India have risen over 14% in two weeks due to lower supplies and strong demand, while other spices have fallen with lower demand. Pepper is currently overbought but expected to trade between Rs. 34,000-44,000.
This document discusses the changing relationship between venture capital and angel investors in funding startups. It notes that due to downturns in the venture capital market, there has been a shift away from VC backing toward more funding from angel investors and self-funding. Certain industries like life sciences and software continue to attract strong VC interest, while telecom and networking see less. Outsourcing is becoming an increasingly important strategy for startups to attract funding and leverage resources. Tough economic conditions have also led to more restrictive funding terms from venture capitalists.
- PRT Growing Services Ltd. is the largest producer of container grown forest seedlings in North America, with 13 nursery sites and over 425 employees.
- The presentation discusses PRT's competitive position, contracted revenue stream, forest seedling market drivers including the housing market and export markets, and the impact of the US housing market downturn on PRT's financial performance between 2008-2011.
- Looking ahead, PRT's growth strategies include leveraging an expected housing market recovery, expanding into regional forestry markets, diversifying into non-forestry starter plants and hardwood seedlings.
Pascal Hartmann is a German sociologist and an experienced strategy executive and theory designer. He is also the Director of the R & D Department at Logon Architecture. With an eye to the future, his work embraces the architectural heritage of the city in a sustainable fashion.
“Sustainable communities” has as much meaning for rural and tribal communities as it does in urban and suburban areas. Come learn what this term and livability principles mean in a nonmetro context. Learn from HUD, USDA, and rural/tribal communities that have planned and implemented effective strategies. Key topics include economic opportunity, transportation, housing, communications, public engagement, and broadband.
This document summarizes key trends and opportunities for developers in the post-recession real estate market:
1) Changing demographics, including large generations of millennials and women outpacing men in education and earnings, will create demand for new types of housing and walkable communities.
2) "Green" features are increasingly important to buyers, especially when marketed for energy savings and health benefits rather than solely environmental impacts.
3) Case studies of two suburban developments, one traditional and one new urbanist, found the new urbanist development was significantly outperforming in home sales during the recession.
4) Empirical evidence suggests the traditional suburban development model is broken and there is an opportunity for scalable
The document summarizes the key aspects of globalization, including the globalization of markets and production. It provides an example of a Vizio TV being designed in California but assembled in Mexico using parts from various countries. It discusses how commodities markets have become more globalized. It also outlines some of the main drivers of globalization like declining trade barriers and technological advances like the internet that have facilitated the global flow of goods, services, and information. However, it also notes some of the criticisms of globalization like its impacts on jobs and wages in advanced countries.
ACFTA Trickle Down Effect: ICT Education Roles on Human Resources Readiness...Djadja Sardjana
• The knowledge-driven economy continues to be
characterized by a rapidly changing and pervasive characterized by a rapidly changing and pervasive
information infrastructure.
• The Internet and its accompanying applications # e-
Business platforms, interactive experiences with new forms of content, sophisticated consumer devices, leading-edge information technology # are all elements of the digital economy.
==> Heavily supported by prominent
ICT Education Institution
The document discusses the fiscal challenges facing policymakers at the end of 2012, known as the "fiscal cliff." It notes that major tax increases and spending cuts are scheduled to take effect simultaneously, which could significantly harm the short-term economy. However, continuing current policies would add substantially to the debt over the long run. The document analyzes the various expiring policies and estimates their costs. It concludes that policymakers should enact a gradual plan to stabilize the debt and strengthen the economy, rather than allowing the abrupt changes or continuing current unsustainable policies. Failing to act could damage confidence and the economy.
This document discusses citizen science projects focused on biodiversity in Europe. It provides background on citizen science, describing it as scientific research conducted in whole or in part by amateur or nonprofessional scientists. It then highlights several examples of biodiversity monitoring projects in Europe, including waarnemingen.be, waarneming.nl, observado.org, artportalen.se, and naturgucker.de. These projects engage citizens to record and report observations of taxa in nature. The document compares the scale of these projects in terms of numbers of observations, users, and other collected data.
Weather Outlook - Dr. Elwynn Taylor, Climatologist, Ag Meteorologist, Iowa State University, from the 2012 World Pork Expo, June 6-8, Des Moines, Iowa, USA.
The document discusses how social change influences population health. It states that social change occurs over time in response to various environmental, political, and social factors. Demographic factors like population size, distribution, structure, fertility rates, mortality rates, and migration patterns are important to estimate current and future social needs. The document also examines differences between traditional and modern cultures, looking at things like relationships, knowledge, religion, and lifestyle. It discusses how values, customs, and traditions are shared within a cultural group and how contact between cultures can lead to acculturation and integration.
The document discusses how social change influences population health. It states that social change occurs over time in response to various environmental, political, and social factors. Demographic factors like population size, distribution, structure, fertility rates, mortality rates, and migration patterns are important to estimate current and future social needs. The document also examines differences between traditional and modern cultures, looking at things like relationships, knowledge, religion, and lifestyle. It discusses how values, customs, and traditions are shared within a community and influence things like why and how people live their lives. Finally, it introduces the concept of acculturation and the factors that influence a culture's resistance or receptiveness to changes, like duration of contact, intensity of contact, and cultural
The document is a 2007 housing report for Missoula, Montana that was produced by a coordinating committee of real estate, banking, and economic experts. It provides demographic data and discusses trends of population growth in Missoula County through migration and natural increase. The report aims to establish common facts for housing and land use discussions to contribute to a shared community vision.
The Great Depression was the worst economic disaster of the 20th century. Real GDP fell 29% from 1929 to 1933 and unemployment rose to 25% of the labor force. Several factors contributed to the Depression, including the stock market crash, collapse of world trade, thousands of bank failures, and monetary collapse as the money supply contracted sharply. Recovery began in the mid-1930s as money supply growth resumed, prices rose, real interest rates fell, and spending increased. World War II helped end the Depression by boosting production and reducing unemployment.
An nfpSynergy presentation on how advice charities are affected by the recession, and how they can combat the effects of the credit crunch. Includes data on how the recession is affecting charity income.
The document discusses Brazil's import and export economy from 1990 to 2007. It shows that Brazil's imports have steadily increased while exports have fluctuated. Several charts and graphs depict the countries that are Brazil's main trading partners and suppliers. The document also examines brand awareness of electric guitar brands in Brazil according to a survey of music store owners. It shows awareness and market share categorized by brand and price point. Finally, it provides advice on how international brands can increase their market share in Brazil by acting locally, focusing on brand value rather than just products, and thinking long-term about their brand's future.
The document summarizes population trends in Pakistan from 1950 to 2030. It shows that the urban population has steadily increased over time, growing from 6.5 million in 1950 to an projected 49.8% of the total population by 2030. Meanwhile, the rural population and total population have also increased overall. The urbanization rate increased significantly from 22.1% in 1950 to a projected 49.8% in 2030, with the largest cities like Karachi experiencing the most growth.
The document analyzes population trends in Pakistan from 1950 to 2030, showing that the urban population has increased dramatically from 6.5 million in 1950 to an estimated 125 million in 2030, while the rural population has remained relatively steady. It also examines the percentage of the total population living in urban areas, which has grown from 22.1% in 1950 to an estimated 49.8% in 2030, as well as the average annual growth rates of the urban population in different time periods. Major urban centers like Karachi, Lahore, and Faisalabad have also increased their share of the total urban population over time.
Housing Market Outlook and Affordable Housing in the Twin Cities Metrosotatodd
The document summarizes the Twin Cities housing market outlook and recent affordable housing production. It found that since the 2007 housing collapse, the region has seen a slow recovery in homebuilding and shifting locations toward urban cores. The metro is projected to gain over 800,000 new residents by 2040, with most new households consisting of single adults and seniors. Assessing future affordable housing needs will require balancing policy goals with market realities to ensure adequate affordable options near jobs and transit.
Us Commercial Real Estate The Next Drag Aug12futlus
This document summarizes the state of the US real estate markets, including both housing and commercial real estate. While the housing market is showing some signs of improvement with rising home sales and prices, there are still concerns around potential additional foreclosures and difficulties for builders and buyers to obtain financing. The commercial real estate market is seen as the next potential drag, with continued declines in property prices, rising foreclosures, and risks that a large portion of loans from 2006-07 will not qualify for refinancing. Losses in commercial real estate could negatively impact US banks and increase risks of further bank failures.
2012 the year we changed banking by resurgent performanceNatalie Hall
This document discusses the need for banks to change their strategies and business models in 2012. It notes that past years have not been outstanding for banks and that change is required to improve performance. Banks are encouraged to find niche markets, improve customer profitability modeling, differentiate themselves from large banks, cut costs deeper, and optimize their branch networks. The realities of further industry consolidation, the importance of scale, rising regulatory costs, and narrow margins are also addressed. Banks are urged to think differently and adopt new strategies to become more relevant.
Similar to Situs - O\'Connor Land Forecast (Oct 2008) (20)
2. Services Offered
Situs provides a wide range of commercial real estate
services, including the following brokerage services
• Represent individuals, institutions, and public companies buying,
selling, leasing and repositioning commercial properties
– Land Brokerage
– Investment Sales
– Project Leasing Rated as a Special and Primary
Rated as a Special and Primary
– Tenant Representation Servicer by
Servicer by
– Asset Repositioning / Dispositions
– Entitlement & Development
Approved by
Approved by
– Sealed Bid Sales
– Note Sales
– Highest & Best Use Analysis
– Asset Management
2
3. Desired Outcome of Today’s Discussion
• Review the dynamics of activity in Houston from
the 1980s through today
• Discuss role of land and land development in
Houston’s future
Note: This presentation has been modified slightly
from the version presented at the O’Connor
luncheon to include new text slides that provide
additional color on the charts
3
4. Flight to the Suburbs (1946 – 1980)
The suburban transformation began in 1946 when the
GIs returned home from World War II
• Prior to this time, people lived, worked and played in the inner
city
• First people, then retail, then jobs moved out of the city and
into new subdivisions, malls, and office parks in suburban
areas
• As families moved to the suburbs, they left behind out-of-
fashion real estate, a poorer residential base, and rising crime
• Once-thriving central-city retail districts were decimated by
the regional suburban malls
• By the mid-1970s, Houston newcomers generally had little
alternative but to locate in the suburbs for desirable
neighborhoods and quality public schools
4
5. Houston Population
Since 1950, Houston’s* population has increased an
average of 33% per decade, resulting in explosive
growth
2% growth
in 1980s 4
2,200
4
2,000
Population (1,000)
1,800 4
5
1,600
1,400 Rank among 6
1,200 largest US
7
1,000 cities
800 14
600 21
400 26
68 45
200 85
0
00
10
20
30
40
50
60
70
80
90
00
e
06
19
19
19
19
19
19
19
19
19
19
20
20
* Figures represent the City of Houston and not the MSA
Source: U.S. Census Bureau (2007) 5
6. A Tale of Two Cities (1980 – 1990)
The 1980s offered Houston the best and worst of
times – a boom and a bust
• Early-1980s saw a significant level of suburban
residential development
Boom • Suburban retail and office development followed
• A major catalyst was unrealistic optimism that the
oil boom would continue – oil bust began in 1982
• 1985 was the beginning of the S&L crisis that led
to creation of FADA & RTC
Bust
• Real estate industry was further exacerbated by
the Tax Reform Act of 1986 and national recession
in the early-1990s
6
7. Housing Starts
Relatively speaking, there was little new residential land
development in the early-to-mid 1990s
Peak reflected artificial
60 demand from
Number of Units (1,000)
subprime lending
Steep decline in
50 housing starts
began in 1984
40
30
Steepest drop
20 since 1985
10
Higher levels than 1980s or 1990s
0
83
85
87
89
91
93
95
97
99
01
03
05
07
19
19
19
19
19
19
19
19
19
20
20
20
20
Single Family Units Multifamily Units
Source: Texas RECenter (2008) 7
8. Distressed Land Sales (1990 - 1995)
Distressed asset sales by RTC, FDIC, etc. were the
catalyst for much of the activity during this time frame
• RTC, created in 1989, began mass liquidation of assets taken back
from failed thrifts through sealed bid sales and auctions
• Many properties, including commercial and residential land, were
acquired at distressed prices that were significantly below the cost
of developing new raw land
– Finished lots
– Partially developed subdivisions
– Commercial reserves
• Commercially, there was not a lot of significant construction as the
market was absorbing existing office and retail
• Many out of state buyers that were new to Houston
8
9. Distressed Land Sales (1990 - 1995)
[continued]
The sheer volume of land sold during this period had
an effect in subsequent years
• Many raw tracts of land acquired during the early-1990s were
later developed in the late-1990s and early-2000s
• As pressure increased on homebuilders to produce more lots
in the early 2000s, residential builders entered land
development business
• From 2001-2006, homebuilders drove up the price for
residential land
9
10. Houston MLS Residential Housing
Activity
As a result of the rising costs related to land,
infrastructure, and construction, the average home
sales price has continued to increase
First decline
90 $250
since 1992
80
Average Price ($1,000)
$200
70
60
Sales (1,000)
Declining $150
50 prices
40
$100
30 Minimal
growth
20 $50
10
0 $0
79
81
83
85
87
89
91
93
95
97
99
01
03
05
07
19
19
19
19
19
19
19
19
19
19
19
20
20
20
20
Sales Average Price
Source: Texas RECenter (2008) 10
11. The Inner City’s Comeback (1995 – 2007)
Residential Commercial
• Many residents – old and • Pent-up demand for urban
new Houstonians – have property is evident in
moved to the core pricing
• Reasons for moving • Inner loop commercial land
include traffic issues, has been selling for 6 to 10
proximity to work, and a times more per square foot
desire for diverse culture than similar suburban sites
• Tremendous price • Many older properties have
appreciation in “older” been purchased at land
neighborhoods value for redevelopment as
higher-density commercial
and residential
11
12. Still Moving to the Suburbs (1995 – 2007)
Residential Commercial
• Affordability enables • The residential growth in
people to buy bigger the suburbs has resulted in
homes on larger lots significant commercial
growth
• Many suburbanites prefer
to live in new homes in • Desire for suburban living
master-planned has increased due to the
communities existence of suburban
employment centers
• Desire for quality public
schools • Prevalent trend of locating
companies closer to
• Proximity to employment employees
centers
12
13. Surging Commercial Land Prices (2000 –
2007)
Commercial land prices were driven up over the past
several years
• Competition for prime corners and sites significantly drove up
prices
• Pricing was no longer based on comparables; rather, it was
based on planned use
• Flow of information (transparency) has impacted how
business is done
• Expectations among buyers and sellers have risen
13
14. Cost of Living Index for US Metro Areas
(Q2 2008)
Houston’s overall after-taxes cost of living is 11%
below the national average, largely due to housing
costs that are 23% below the average
Houston
Dallas
Atlanta
Phoenix
National Average of 318 urban areas
Denver
Miami
Boston
Washington
New York
San Francisco
15 0 15 30 45 60
Source: ACCRA (2008 Q2 ) 14
15. Houston MSA Residential Population
Growth (1996–2006)
Houston has experienced steady growth over the past
decade, with the largest one-year surge occurring in
2006
5,600
5,400
Annual Average Growth: 120,500 residents
Population (1,000)
5,200 Total Growth: 27.8% 259.9K
103.4K
5,000 102.5K
106.1K
4,800 5.54
123.0K
MM
4,600 129.7K
70.9K
109.6K
4,400
107.6K
4,200 4.33 93.4K
MM
4,000
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2006
Population Population
Source: U.S. Census Bureau (2007)
15
16. Houston MSA Employment Growth
(1996–2006)
Houston’s residential growth correlates directly to its
strong employment growth over the same period
2,500
Annual Average Growth: 46,400 jobs
Population (1,000)
2,400
Total Growth: 23.4%
2,300 95.8K
-5.1K -14.3K 15.6K 60.4K
39.0K
2,200 2.45
52.6K MM
34.5K
2,100
103.0K
2,000
1.98 82.7K
MM
1,900
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2006
Jobs Jobs
Source: Texas Workforce Commission and Real Estate Center at Texas A&M University (2007)
16
17. How Long Will This Last? (2008 – ?)
We expect some commercial real estate trends to
continue for an unknown period of time
Trends Impact
• Risk being re-priced • Land prices decreasing
• Cap rates increasing • Contract terms softening
• "Easy" financing no longer • Sales activity slowing
available
• Development activity decelerating
• Financing only available for strong
and experienced borrowers • Transactions being re-traded
• Retailers slowing growth with • Owner financing on horizon
some closing stores • Investors with cash on sidelines,
• Banks and drug stores pulling waiting to see how far prices drop
back
• Housing starts slowing
• Foreclosures / REO properties
increasing
17
19. Job Growth by State
Over the past year, Texas has led the nation in highest
job growth among states
Texas
Texas
Strong Oklahoma
energy
industry Colorado
employment
Louisiana Texas
Maryland accounted for
Washington 52.6% of all
Utah new jobs
North Carolina created
New York nationally
Massachussetts
National Average
-0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5%
% Growth
Source: Texas State Data Center (2007)
19
20. Job Growth by MSA & Best Cities to Buy
a Home (2007)
Over the past year, Houston was among 4 Texas cities
to rank in the top 10 nationally in job growth and to
make Forbe’s list of the 10 Best Cities to Buy a Home
Forbe’s 10 Best Cities to
USA Total Buy a Home (Rank)
Dallas-Fort Worth 6
Houston
Houston 1
Seattle
Washington, D.C.
New York City
Atlanta 10
Charlotte 7
San Antonio 5
Austin 2
Raleigh
170,000 130,000 90,000 50,000 10,000 30,000 70,000
Number of Jobs Added
Source: Texas State Data Center (2007)
20
21. Houston MSA Projected Residential
Population Growth (2006–2015)
Growth is expected to continue with solid population
increases forecasted
6,400
Annual Average Growth: 92,800 residents
6,200 97.3K
Population (1,000)
Total Growth: 15.1% 95.8K
6,000 94.4K
92.9K
5,800 91.5K
93.0K 6.38
91.5K
5,600 MM
90.1K
88.6K
5,400
5.54
5,200 MM
5,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2015
Population Population
Source: Texas State Data Center (2007)
21
22. Diversification
• Since 1981, the percentage of local economy tied
Energy to energy has dropped from 84% to 48%
• Grown to encompass:
Texas – 73,600 employees
Medical – 37 million sq. ft. of physical space (including
Center construction)
– $2 billion of construction underway
• 10th in the world in total tonnage
• 60 million people live within 700 miles
Port of
Houston • Intermodal transportation - ample truck, rail and air
connections
• Weak dollar has bolstered exports
22
23. Houston’s Glass is Half Full
Key Employment Centers Affordability
• Enabled by relatively short land
• World center of oil & gas industry entitlement process
• World’s largest medical center • Key driver of population growth
• One of world’s largest ports • Housing affordability is attractive
to major employers
Great Place for Business Resources
• Home to second largest number
of Fortune 500 companies • Proximity to oil & gas wells and
refineries
• Taxes are relatively low to other
• Access to water
parts of country
• International & domestic • Texas' electricity grid has limited
interconnection with other states
relocation destination
23
24. Thank You
Trusted InSight into Global Real Estate
4665 Southwest Freeway
Maury Bronstein Houston, Texas 77027
Martin Bronstein 713-328-4400
Randall Tuller brokerage@situscompanies.com
www.situscompanies.com
24
26. Residential Construction Permits for Top
10 US Metro Areas (2006)
In 2006, Houston issued over twice as many
construction permits than the average issued by the
other top 10 US metro areas
Houston (4)
Houston (4) 71,719
New York (1) 60,987
City (Population Rank)
Dallas (9) 56,514
Chicago (3) 46,722
Phoenix (6) 44,280
Los Angeles (2) 33,505
San Antonio (7) 19,761
Philadelphia (5) 17,212
Average: 32,702
San Diego (8) 9,191
(excludes Houston)
San Jose (10) 6,150
5,000 20,000 35,000 50,000 65,000 80,000
Source: U.S. Census Bureau (2007)
26
27. Median Home Prices for Top 10 US Metro
Areas ($1,000)
Median home prices in Houston are less than half of
the average median cost for homes in other large US
metro areas
San Jose (10) $775
City (Population Rank)
San Diego (8) $602
Los Angeles (2) $585
New York (1) $469
Chicago (3) $274
Phoenix (6) $268
Philadelphia (5) $230
Average: $388
Dallas (9) $150 (excludes Houston)
Houston (4)
Houston (4) $149
San Antonio (7) $142
$100 $200 $300 $400 $500 $600 $700 $800
Source: U.S. Census Bureau (2007)
27
28. Cost of Living Index for Top US Metro
Areas (2005)
Low home prices are a key factor in Houston’s
favorable Cost of Living Index
New York (1) 213
San Francisco (14) 177
City (Population Rank)
Los Angeles (2) 153
San Diego (8) 141
Chicago (3) 129
Average of Top Metro Areas:
Philadelphia (5) 119 136 (excludes Houston)
Phoenix (6) 98
Dallas (9) 95
US Average: 100
San Antonio (7) 94
Houston (4)
Houston (4) 88
80 100 120 140 160 180 200 220
Source: ACCOR (2006) 28
30. Energy Industry
While Houston’s dependence on energy has decreased
since the 1980s, the city’s prospects are still closely
tied to the industry’s health
84 In 1981, percentage of local economy tied to energy
48 Today, percentage of local economy that is related to energy
Number of energy-related establishments that are located within the
3,000+ Houston MSA, including more than 500 E&P firms and 150 pipeline
transportation companies
Number of publicly traded oil and gas E&P firms (out of 144 total) with a
43 presence in Houston, including 10 of the top 25
Percentage of the nation’s jobs in crude petroleum and natural gas
29 extraction
Number of the nation's top 20 natural gas transmission companies with
15 corporate or divisional headquarters in Houston
Number of the nation’s top 20 oil pipelines that have corporate or
12 divisional headquarters or ownership interests in Houston
30
31. Texas Medical Center
The Texas Medical Center is a hub of activity
5.5 million Approximate patient visits per year
10,000+ Number of international patients
6,500 Number of beds
10,000+ Number of MDs, PhDs and other doctorates
Number of RNs, LVNs, clinical caregivers, technicians, and medical support
26,000+ staff
73,600 Number of employees
13,500 Number of volunteers
108,150 Number of full-time (33,150) and part-time (75,000) students
Number of acres in the South Main area plus other locations throughout
1,000 Houston and internationally
Collection of hospitals (14), research centers, and medical schools (2)
46 comprising Texas Medical Center
Number of square feet of existing, under construction, and programmed
37 million physical plant space
$2 billion Approximate cost of buildings under active construction
52,500+ Number of existing parking spaces and those under construction
31
32. Port of Houston
The Port of Houston is ranked tenth in the world in
total tonnage, and is growing at a strong pace
• Among U.S. ports, ranked first in foreign waterborne tonnage and second in
total tonnage
• During 2007, it had the second highest growth rate among U.S. ports
relative to the previous year
• Centrally located on the Gulf Coast, Houston is a strategic gateway for
cargo originating in or destined for the U.S. West and Midwest.
– More than 17 million people live within 300 miles of the city, and approximately
60 million live within 700 miles
• Fuel prices have increased the importance of intermodal transportation
– Ample truck, rail and air connections allow shippers to economically transport
their goods between Houston and inland points
• Houston stands to benefit from the Panama Canal expansion
32