By Taylor Dellinger, GISP Western Piedmont Council of Governments Prepared For: “Hickory Metro Economic Perspective” Foothills APICS Chapter May 9, 2013.

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Presentation transcript:

By Taylor Dellinger, GISP Western Piedmont Council of Governments Prepared For: “Hickory Metro Economic Perspective” Foothills APICS Chapter May 9, 2013

Hickory Metro Demographics

Hickory Metro Population Source: Census, US Census Bureau. County 2000 Census 2010 Census Growth % Growth Alexander33,60337,1983, Burke89,14890,9121, Caldwell77,41583,0295, Catawba141,685154,35812, Total341,851365,49723,6466.9

NC Metro Percentage Population Growth by Decade, Source: Census, US Census Bureau.

Source: Census, US Census Bureau.

Source: 2000 and 2010 Census, US Census Bureau. Hickory MSA % Age Group Population Change, Source: Census, US Census Bureau.

Age Group 2000 Census 2010 Census Change % Change Under 5 Years22,057 21, to 9 Years23,593 23, to 14 Years23,225 24,2771, to 19 Years21,867 25,2323, to 24 Years20,547 19, to 34 Years50,307 40,946-9, to 44 Years54,178 51,674-2, to 54 Years48,090 55,6817, to 59 Years18,934 24,6385, to 64 Years15,387 23,6068, to 74 Years24,456 31,5667, to 84 Years14,522 17,2222, Years and Over4,688 6,1011, Total 341,851365,49723, Hickory MSA Population by Age Group, Source: Census, US Census Bureau.

NC MSA 25 to 34 Age Group Percent Population Change, Census 2000 to Census 2010 Source: 2000 and 2010 Census, US Census Bureau. Source: Census, US Census Bureau.

NC MSA 60 to 64 Age Group Percent Population Change, Census 2000 to Census 2010 Source: 2000 and 2010 Census, US Census Bureau. Source: Census, US Census Bureau.

Hickory MSA Population Change

Hickory Metro Population Projections County Growth % Growth Alexander37,19836,89936,35135,825-1, % Burke90,91288,88987,63286,431-4, % Caldwell83,02981,88181,02180,162-2, % Catawba154,358157,872161,833169,75115, % Total365,497365,541366,837372,1696,6721.8% Source: NC Office of Management and Budget.

Hickory Metro Employment Situation

Hickory MSA Employment, 3rd Qtr. 2000–2012 Source: NC Division of Employment Security.

Construction 3% Other 1% Manufacturing 51% Public Administration 4% Trade 13% Services 28% Hickory Metro Jobs 1990 Hickory MSA Employment Distribution Services 49% Trade 15% Public Administration 6% Manufacturing 27% Construction 2% Other 1% Hickory Metro Jobs US Manufacturing: 9% Source: NC Division of Employment Security.

Hickory Metro Employment

Hickory MSA Unemployment Rate, March 2009– March 2013 Source: NC Division of Employment Security.

Percentage NC MSA Employment Change, 3rd Quarter 2009 – 3rd Quarter 2012 Source: NC Division of Employment Security.

Hickory MSA Job Losses by Sector, 3rd Quarter Source: NC Division of Employment Security.

Hickory MSA Employment Gains by Sector, 3rd Quarter Source: NC Division of Employment Security.

Change in Total Employment, 3rd Qtr to 3rd Qtr Source: NC Division of Employment Security.

Hickory Metro Wage and Poverty Trends

Hickory MSA Average Weekly Wage, 3rd Quarter Source: NC Division of Employment Security.

Poverty Rates and Median Household Income, ACS County All Persons Below Poverty Rate All Persons Poverty Rate (%) Under 18 Below Poverty Rate Under 18 Poverty Rate (%) Median Household Income Alexander6, %2, %$39,415 Burke16, %5, %$37,130 Caldwell15, %5, %$34,520 Catawba21, %7, %$43,252 Hickory (City) 7, %2, %$36,082 Source: American Community Survey, US Census Bureau.

Hickory Metro Commuting Trends

Number of Persons Who Reside in Hickory MSA, but Work Outside the Hickory MSA but Work Outside the Hickory MSA

Hickory Metro Housing Trends

Source: 2000 and 2010 Census, US Census Bureau. Hickory MSA Housing Units,

Units 1990 Units % of Units 2000 Units % of Units Chg % Chg Units % of Units Chg % Chg Occupied Units 112, , , , , Vacant Units 9, , , , , Total Units121, , , , , Hickory MSA Occupied and Vacant Housing Units, Source: 2000 and 2010 Census, US Census Bureau.

Hickory MSA Vacant Housing Unit by Type, 2010 Source: 2010 Census, US Census Bureau.

Units 1990 Units % of Units 2000 Units % of Units Chg % Chg Units % of Units Chg % Chg Owner- Occupied83, , , , , Renter- Occupied28, , , , , Occupied Units112, , , , , Source: 2000 and 2010 Census, US Census Bureau. Hickory MSA Renter and Owner Housing Units,

Hickory MSA Single-Family (Site-Built) Permits,

Hickory MSA Foreclosure Cases, Source: NC Administrative Office of the Courts.

Hickory Metro Educational Attainment

NC MSA Educational Attainment Comparison, 2011 MSA % High School Degree or Higher Ranking (1=Highest %) % Bachelor' s Degree or Higher Ranking (1=Highest %) Asheville Burlington Charlotte-Gastonia-Concord Durham Fayetteville Goldsboro Greensboro-High Point Greenville Hickory-Morganton-Lenoir Jacksonville Raleigh-Cary Rocky Mount Wilmington Winston-Salem Source: American Community Survey, US Census Bureau.

Hickory MSA Economic Outlook? A report IHS Global Insight for the US Conference of Mayors indicates that: 1)22,400 Jobs have been lost since 2 nd Quarter 2006 (13.6%) 2)Unemployment should remain over 11% through )It will be beyond 2021 before the region returns to the 2006 employment level 4)The Hickory MSA is one of three MSAs in the Southeast (along with Rocky Mount and Dalton, GA) that will take more than 10 years to recover from job losses suffered in the current recession 5)The analysis does not say how long it will take to recover from the 2000 Employment job peak of 186,000 workers.

Question: How does the Hickory MSA Economic Outlook and 2010 Census data impact development in the region over the next decade?