1 / 123

Long-Term Housing Needs on the Wasatch Front: A View to 2065

This analysis provides an informed and objective conversation on the housing needs of the Wasatch Front until 2065, aiming to assist public officials, planners, developers, and citizens in meeting these needs fairly and equitably.

katherinedukes
Télécharger la présentation

Long-Term Housing Needs on the Wasatch Front: A View to 2065

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Arthur C. Nelson, Ph.D., FAcSS, FAICPEmeritus ProfessorCity & Metropolitan PlanningUniversity of UtahProfessor of Planning & Real Estate DevelopmentUniversity of Arizona

  2. Not a Short Term Housing ForecastBut a Long Term ViewWith Challenges that Must be Met Soon

  3. What does the WASATCH FRONTHave in CommonWithLONG ISLAND?

  4. 120 miles long25 miles wide1,400 square miles http://hanatemplate.com/images600_/long-island-clip-art-4.png

  5. 120 miles long25 miles wide1,400 square miles https://www.researchgate.net/profile/Paul_Waddell/publication/235359996/figure/fig2/AS:667806513262594@1536228888098/Wasatch-Front-Study-Area-and-Sample-Locations-for-Sensitivity-Analysis.png

  6. Population 2020= 6.7M

  7. Population 2100 = 6.2M

  8. What is the Demand and Where Must We Build Houses?2015-2065

  9. Purpose To inform public officials, planners, developers and citizens of the broad housing needs facing the Wasatch Front to 2065.

  10. Purpose To start an informed and objective conversation on how local governments can help the state meet housing needs to 2065 fairly and equitably.

  11. Analysis Geography • Utah as a whole • Wasatch Front Counties (but not Wasatch back) • Weber County • Davis County • Salt Lake County • Utah County

  12. Analysis Geography • Utah as a whole • Wasatch Front Counties (but not Wasatch back) • Weber County • Davis County • Salt Lake County • Utah County

  13. Analysis Geography • Utah as a whole • Wasatch Front Counties (but not Wasatch back) • Weber County • Davis County • Salt Lake County • Utah County

  14. Analysis Geography • Utah as a whole • Wasatch Front Counties (but not Wasatch back) • Weber County • Davis County • Salt Lake County • Utah County

  15. Analysis Geography • Utah as a whole • Wasatch Front Counties (but not Wasatch back) • Weber County • Davis County • Salt Lake County • Utah County

  16. Analysis Geography • Utah as a whole • Wasatch Front Counties (but not Wasatch back) • Weber County • Davis County • Salt Lake County • Utah County

  17. Outline • The Big Population Picture 2015-2065 • The Big Household Picture 2015-2065 • Demand by Race/Ethnicity • Demand by Householder Age • Housing Demand by Tenure • Counties • Major Cities • Downtowns Anyone? • Tear up a Parking Lot, Rebuild Paradise • Put Everything on the Table • Framework for Discussion

  18. Outline • The Big Population Picture 2015-2065 • The Big Household Picture 2015-2065 • Demand by Race/Ethnicity • Demand by Householder Age • Housing Demand by Tenure • Counties • Major Cities • Downtowns Anyone? • Tear up a Parking Lot, Rebuild Paradise • Put Everything on the Table • Framework for Discussion

  19. Outline • The Big Population Picture 2015-2065 • The Big Household Picture 2015-2065 • Demand by Race/Ethnicity • Demand by Householder Age • Housing Demand by Tenure • Counties • Major Cities • Downtowns Anyone? • Tear up a Parking Lot, Rebuild Paradise • Put Everything on the Table • Framework for Discussion

  20. Outline • The Big Population Picture 2015-2065 • The Big Household Picture 2015-2065 • Demand by Race/Ethnicity • Demand by Householder Age • Housing Demand by Tenure • Counties • Major Cities • Downtowns Anyone? • Tear up a Parking Lot, Rebuild Paradise • Put Everything on the Table • Framework for Discussion

  21. Outline • The Big Population Picture 2015-2065 • The Big Household Picture 2015-2065 • Demand by Race/Ethnicity • Demand by Householder Age • Housing Demand by Tenure • Counties • Major Cities • Downtowns Anyone? • Tear up a Parking Lot, Rebuild Paradise • Put Everything on the Table • Framework for Discussion

  22. Outline • The Big Population Picture 2015-2065 • The Big Household Picture 2015-2065 • Demand by Race/Ethnicity • Demand by Householder Age • Housing Demand by Tenure • Counties • Major Cities • Downtowns Anyone? • Tear up a Parking Lot, Rebuild Paradise • Put Everything on the Table • Framework for Discussion

  23. Outline • The Big Population Picture 2015-2065 • The Big Household Picture 2015-2065 • Demand by Race/Ethnicity • Demand by Householder Age • Housing Demand by Tenure • Counties • Major Cities • Downtowns Anyone? • Tear up a Parking Lot, Rebuild Paradise • Put Everything on the Table • Framework for Discussion

  24. Disclosures • All projections are precisely wrong … • Extensive reliance on Gardner Institute projections which are subject to extensive qualifications. • Preliminary Woods & Poole demographic data are applied to Gardner Institute and Wasatch Front Regional Council projections. • WFRC and Woods & Poole projections go to 2050 so extrapolations are made to 2065. • Investors use these projections as one data point. • Projections are crucial for informed public policy and infrastructure investment.

  25. Disclosures … but approximately right. • Extensive reliance on Gardner Institute projections which are subject to extensive qualifications. • Preliminary Woods & Poole demographic data are applied to Gardner Institute and Wasatch Front Regional Council projections. • WFRC and Woods & Poole projections go to 2050 so extrapolations are made to 2065. • Investors use these projections as one data point. • Projections are crucial for informed public policy and infrastructure investment.

  26. Disclosures • All projections are precisely wrong … … but approximately right. • Extensive reliance on Gardner Institute projections which are subject to extensive qualifications. • Preliminary Woods & Poole demographic data are applied to Gardner Institute and Wasatch Front Regional Council projections. • WFRC and Woods & Poole projections go to 2050 so extrapolations are made to 2065. • Investors use these projections as one data point. • Projections are crucial for informed public policy and infrastructure investment.

  27. Disclosures • All projections are precisely wrong … … but approximately right. • Extensive reliance on Gardner Institute projections which are subject to extensive qualifications. • Preliminary Woods & Poole demographic data are applied to Gardner Institute and Wasatch Front Regional Council projections. • WFRC and Woods & Poole projections go to 2050 so extrapolations are made to 2065. • Investors use these projections as one data point. • Projections are crucial for informed public policy and infrastructure investment.

  28. Disclosures • All projections are precisely wrong … … but approximately right. • Extensive reliance on Gardner Institute projections which are subject to extensive qualifications. • Apply preliminary Woods & Poole demographic data to Gardner Institute and Wasatch Front Regional Council projections. • WFRC and Woods & Poole projections go to 2050 so extrapolations are made to 2065. • Investors use these projections as one data point. • Projections are crucial for informed public policy and infrastructure investment.

  29. Disclosures • All projections are precisely wrong … … but approximately right. • Extensive reliance on Gardner Institute projections which are subject to extensive qualifications. • Apply preliminary Woods & Poole demographic data to Gardner Institute and Wasatch Front Regional Council projections. • WFRC and Woods & Poole projections go to 2050 so extrapolations are made to 2065. • Investors use these projections as one data point. • Projections are crucial for informed public policy and infrastructure investment.

  30. Disclosures • All projections are precisely wrong … … but approximately right. • Extensive reliance on Gardner Institute projections which are subject to extensive qualifications. • Apply preliminary Woods & Poole demographic data to Gardner Institute and Wasatch Front Regional Council projections. • WFRC and Woods & Poole projections go to 2050 so extrapolations are made to 2065. • Investors use these projections as one data point. • Projections are crucial for informed public policy and infrastructure investment.

  31. Demographics is a Better Predictor than Economics • What will the economy will be like in 10 years? • How old will you be in 10 years?

  32. Demographics is a Better Predictor than Economics • What will the economy will be like in 10 years? • How old will you be in 10 years?

  33. The Big Population Picture 2015-2065 Source: Kem C. Gardner Policy Institute. Figures in thousands.

  34. The Big Household Picture 2015-2065 Source: Kem C. Gardner Policy Institute. Figures in thousands.

  35. Declining Household Size Source: Kem C. Gardner Policy Institute. Figures in thousands.

  36. More Housing Needed Because of Declining Household Size Source: Arthur C. Nelson. Figures in thousands.

  37. Most New Households in Wasatch Front Will be Minority Source: Arthur C. Nelson adapting KemC. Gardner Policy Institute and Woods & Poole Economics data. Figures in thousands.

  38. Housing Demand by Age

  39. Large Homes & Large Lots Will Not Dominate the Future Source: Arthur C. Nelson adapting KemC. Gardner Policy Institute and Woods & Poole Economics data. Figures in thousands.

  40. Large Homes & Large Lots Will Not Dominate the Future 75% 62% 63% 51% 61%

  41. Has a Tenure Shift Begun?2009-2017 Source: Census 1-year for 2009 and 2017. Figures in thousands.

  42. Tenure Allocations to Cities • Preliminary WFRC data on households by income categories, 2015—2050. • Extrapolation to 2065 applied to Gardner Institute projections.

  43. Allocations to Cities • Preliminary WFRC data on households by income categories, 2015—2050. • Extrapolation to 2065 applied to Gardner Institute projections.

  44. Housing Demand by Household Income • HH Income Under $35,000 • Nursing aids, Retail, Property Services • Mostly Rent • HH Income $35,000-$60,000 • Teachers, First Responders • 2/3rd Rent, 1/3rd Own • HH Income $60,000-$100,000 • Nurses, Managers, Supervisors • 1/3rd Rent, 2/3rd Own • HH Income $100,000+ • Mostly Own Categories created by Wasatch Front Regional Council for preliminary land use modeling 2015-2050.

  45. Housing Demand by Household Income • HH Income Under $35,000 • Nursing aids, Retail, Property Services • Mostly Rent • HH Income $35,000-$60,000 • Teachers, First Responders • 2/3rd Rent, 1/3rd Own • HH Income $60,000-$100,000 • Nurses, Managers, Supervisors • 1/3rd Rent, 2/3rd Own • HH Income $100,000+ • Mostly Own Categories created by Wasatch Front Regional Council for preliminary land use modeling 2015-2050.

  46. Housing Demand by Household Income • HH Income Under $35,000 • Nursing aids, Retail, Property Services • Mostly Rent • HH Income $35,000-$60,000 • Teachers, First Responders • 2/3rd Rent, 1/3rd Own • HH Income $60,000-$100,000 • Nurses, Managers, Supervisors • 1/3rd Rent, 2/3rd Own • HH Income $100,000+ • Mostly Own Categories created by Wasatch Front Regional Council for preliminary land use modeling 2015-2050.

More Related