The Growing Cost of Place: Why Workforce Housing Matters in Austin
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The Growing Cost of Place: Why Workforce Housing Matters in Austin Presenter: Brian Kelsey 2010 Regional Forum on Workforce Housing August 12, 2010 Austin, TX
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Brian Kelsey's presentation at the 2010 Regional Forum on Workforce Housing in Austin, Texas, sponsored by the National Housing Conference and the National Association of REALTORS.
Transcript of The Growing Cost of Place: Why Workforce Housing Matters in Austin
The Growing Cost of Place:Why Workforce Housing Matters
in Austin
Presenter: Brian Kelsey2010 Regional Forum on Workforce Housing
August 12, 2010Austin, TX
2010 Regional Forum on Workforce Housing 2 August 12, 2010
Employment growth
Source: U.S. Bureau of Economic Analysis
-2%
0%
2%
4%
6%
8%
10%
12%19
70
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
United States
All U.S. Metropolitan Areas
Austin-Round Rock-San Marcos
2010 Regional Forum on Workforce Housing 3 August 12, 2010
Population growth
0%
1%
2%
3%
4%
5%
6%
7%
8%19
70
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
United States
All U.S. Metropolitan Areas
Austin-Round Rock-San Marcos
Source: U.S. Bureau of Economic Analysis
2010 Regional Forum on Workforce Housing 4 August 12, 2010
Income/wage stagnation
Source: U.S. Bureau of Economic Analysis, EMSI
60%
70%
80%
90%
100%
110%
120%19
70
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
Austin-Round Rock-San Marcos % of U.S.
All U.S. Metropolitan Areas % of U.S.
68% of jobs gained in Austin-Round Rock-San Marcos during 2002-
2009 paid median wages below the overall median wage for the region ($18.27/hr). Comparable figure for
the U.S. was 57% ($17.94/hr).
2010 Regional Forum on Workforce Housing 5 August 12, 2010
Housing: Live, work, and play?
Median multiple is the ratio of median residential sales price (YTD 2010) to median annual wage by zip code.
Source: EMSI, Decision Data Resources, Austin Board of REALTORS
2010 Regional Forum on Workforce Housing 6 August 12, 2010
Brian Kelsey
512-731-7851
[email protected] Special thanks to EMSI, Decision Data Resources, and Austin Board
of REALTORS for making data available for this presentation.
http://economicmodeling.com
@civicanalytics
http://civicanalytics.com
facebook.com/brianjkelsey
linkedin.com/in/brianjkelsey
http://www.decisiondata.net
http://www.abor.com
