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SFV REGIONAL HOUSING NEEDS AND REALITIES: The Setting Daniel Blake, Director San Fernando Valley Economic Research Center California State University Northridge.

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Presentation on theme: "SFV REGIONAL HOUSING NEEDS AND REALITIES: The Setting Daniel Blake, Director San Fernando Valley Economic Research Center California State University Northridge."— Presentation transcript:

1 SFV REGIONAL HOUSING NEEDS AND REALITIES: The Setting Daniel Blake, Director San Fernando Valley Economic Research Center California State University Northridge

2 SFV Economic Research Center CSU Northridge Current Conditions The Valley’s Population was 1,816,000 on Jan 1, 2005. The Valley has about 600,000 Occupied Housing Units. Persons per Household averages just over 3 pph.

3 SFV Economic Research Center CSU Northridge SFV Annual Population Change +19,000/yr

4 SFV Economic Research Center CSU Northridge SFV Births and Deaths Natural Increase: 14,000/year

5 SFV Economic Research Center CSU Northridge SFV Net In-Migration 5,000+/yr

6 SFV Economic Research Center CSU Northridge SFV Multiple and Single Family Permits Special projects in NH and WH 5,739 units ~4,000/yr

7 SFV Economic Research Center CSU Northridge SFV New Residential Units Permitted 2000-2004: The Last Five Years

8 SFV Economic Research Center CSU Northridge SFV Median Home Prices Previous Peak 1990: $240 1997 Trough: $160 1/3 Loss in 7 Years Current: $600 Appreciation: 140% in 15 years 275% in 7 years

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10 SFV Economic Research Center CSU Northridge SFV Owner versus Renter Occupied Units, 2005 Condominiums The Other Half

11 SFV Economic Research Center CSU Northridge SFV Average Rent in Large Complexes

12 SFV Economic Research Center CSU Northridge Rent Trends: SFV vs. Nearby MSAs SFV rents bunched with those in LA and Ventura County Riverside, San Brdo, & Ontario

13 SFV Economic Research Center CSU Northridge SUMMARY Approximately 19,000 new residents/year Approximately 4,000 new units/year Marginal person per household: ~5 pph 2000 population: 1,698,135 2000 pop. density 5,868 persons/sq. mi. 2005 population: 1,816,000 2005 pop. density: 6,275 persons/sq. mi. 2000-05 density change: 407 persons/sq. mi. Housing and Infrastructure Support?


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