Part 2: Lodging Market Examination

Presentation Transcript

Part 2: Housing Market Analysis

Chapter 2: Housing Market Analysis Section 1: Housing Supply for Owners and Renters Section 2: Age of Housing Units Section 3: Type of Housing Units Section 4: Condition of Housing Units Section 5: Housing Cost and Value Section 6: Housing Availability and Vacancy Section 7: Special Needs Housing Supply Section 8: Subsidized Units City of Tucson and Pima County CON Plan FY2006-10

Section 1: Housing Supply by Rental and Ownership Status 64% of the involved lodging units in Pima County (214,000 aggregate) are proprietorship units. 36% of the lodging stock (119,000) are rental units. 67% of the involved lodging units in Urban County (49,111) are possession units. 33% of the lodging stock (24,249) are rental units. City of Tucson and Pima County CON Plan FY2006-10

Housing Supply by Rental and Ownership Status 54% (103,229) of the lodging stock in Tucson is possession units. 46% (89,717) of the lodging stock is rental units (US Census, 2000). City of Tucson and Pima County CON Plan FY2006-10

Figure 13 – Pima County Renter-Occupied Housing Units (Census 2000) City of Tucson and Pima County CON Plan FY2006-10

Section 2: Age of Housing Units Over 70% of the lodging units were built after 1970; 94% after 1950. Twice the same number of houses were worked from 1970-1989 than were worked from 1950-1969. Development of new lodging units tumbled off fairly in the 1980s, yet expanded barely in the 1990s. In Pima County 62,800 staying units will achieve the time of no less than 50 years of age by 2010 City of Tucson and Pima County CON Plan FY2006-10

Age of Housing Units, Urban County Over 74% of the lodging units were developed after 1970; 95% after 1950. The market for home development in Urban County topped in the 1970s. The lodging market hindered to some degree amid the 1980s, yet bounced back in the 1990s. City of Tucson and Pima County CON Plan FY2006-10

Manufactured Housing and Mobile Homes There are an aggregate of 39,441 produced/trailers in Pima County. Almost one half (48%) were worked preceding 1979. City of Tucson and Pima County CON Plan FY2006-10

Lead Based Paint Hazards Lead is a very dangerous substance that can bring about irreversible cerebrum harm in youngsters under 6 years old. Utilization of lead in paint was banned in 1978. The Arizona Department of Health Services Lead Poisoning Prevention Program recognized ranges of high hazard (by postal division) for lead harming in 2003. In Tucson, 9 postal districts were distinguished as having high hazard for lead harming (85701, 85705, 85708, 85711, 85713, 85714, 85716, 85719, and 85735) City of Tucson and Pima County CON Plan FY2006-10

Figure 14 – Incidents of Lead Based Paint Poisoning (Pima County Health Dept) City of Tucson and Pima County CON Plan FY2006-10

Recent Trends in Construction Rates After a back off in development in the mid 1990s, private development has expanded lately (Source: Arizona Construction Report, Arizona Real Estate Center, ASU) . There were more than 4,000 more private building grants issued in 2003 than in 1997. City of Tucson and Pima County CON Plan FY2006-10

Trends in Residential Building Permits, Tucson Construction of single-family homes has seen a critical upward pattern since the mid 1990s (Source: City of Tucson, Dept. of Urban Planning and Design) . Licenses issued for manufactured houses and multi-family homes have diminished since the mid-1990s. The quantity of licenses issued for townhouses has stayed relentless through this day and age. City of Tucson and Pima County CON Plan FY2006-10

Age of Housing Stock Houses built before 1980 are potential dangers for lead harming (Lead paint was banned in 1978). 54% of the aggregate units (200,000) in Pima County were built before 1980. In Tucson, 65% of the lodging units were built before 1980. In the Pima County 62,800 abiding units will achieve the period of no less than 50 years of age by 2010 53% of the lodging units in Urban County were built before 1980 and hence have an expanded hazard for lead harming. City of Tucson and Pima County CON Plan FY2006-10

Section 3: Type of Housing Units In 2000, there were 366,737 lodging units in Pima County. 62% of these units are single-family structures. In 2000, there were 81,293 lodging units in Urban County. 65% of these units are single-family structures. City of Tucson and Pima County CON Plan FY2006-10

Type of Housing Units In 2000, there were 209,792 lodging units in Tucson. 57% of these were single-family structures. City of Tucson and Pima County CON Plan FY2006-10

Single and Multi-Family Units by Sub-Region Tucson has a higher rate of multi-families (35%) and a lower rate of single-families (57%) when contrasted with Urban County or Pima County. Urban County has the most reduced rate of multi-families, at 21%. Pima County has a higher rate of manufactured homes, at 13% than Tucson, with 8% trailers. City of Tucson and Pima County CON Plan FY2006-10

Bedrooms in Housing Units Pima County, 2000 There are more 3-room lodging units in Pima County than some other size unit. All extensive units are proprietor possessed. About all studio units are rental lodging. The greater part of the rental units are 1 or 2 rooms. City of Tucson and Pima County CON Plan FY2006-10

Bedrooms in Housing Units Urban County, 2000 There are more 3-room lodging units in Urban County than some other size unit. All vast units are proprietor possessed. More than 80% of studio units in Urban County are rental units. 75% of the rental units in Urban County have less than 3 rooms. City of Tucson and Pima County CON Plan FY2006-10

Section 4: Condition of Housing Units Households living in packed conditions expanded by 47% in the 1990s. Of the 23,380 packed families in 2000, 46% were living in extremely stuffed conditions. HUD characterizes units with 1 to 1.5 people for every room as packed. Units with more than 1.5 people for every room are considered seriously stuffed. As proof of need there were more than 1,900 reactions to lodging and property protestations in 2004 City of Tucson and Pima County CON Plan FY2006-10

Section 5: Housing Cost and Value The patterns in middle deal costs of private homes was acquired from the Tucson Housing Market Letter. In November 2004, the middle deal cost for a private home in the Tucson Metro range was $187,819. Since 1995, the middle deal cost of single-family homes has expanded 37.3%. City of Tucson and Pima County CON Plan FY2006-10

Section 6: Housing Availability and Vacancy 68,530 lodging units were included somewhere around 1990 and 2000, an expansion of 23%. Of the units included the 1990's, 24% were rental units. There was a higher development rate in family units (34%) than lodging units somewhere around 1990 and 2000. There was a reduction in general opening from 12.2% (36,415) in 1990 to 9.4% (34,387) in 2000 (Source: US Census) . City of Tucson and Pima County CON Plan FY2006-10

Section 7: Special Needs Housing Supply There is an undersupply of perpetual or steady lodging for individuals with extraordinary needs. City of Tucson and Pima County CON Plan FY2006-10

Section 8: Subsidized Units Homeless Facilities: In 2004 there were 2,738 destitute single grown-ups and 1,470 destitute people in families with kids for an aggregate of 4,208 destitute people There are 4,489 HUD Section 8 sponsorships Public lodging units totaled 1,679 units including 719 for the elderly or crippled grown-ups and 961 units for families City of Tucson and Pima County CON Plan FY2006-10

Section 8 Assistance City of Tucson and Pima County CON Plan FY2006-10

Section 8 Assistance As of March 2005, there were 4,489 dynamic vouchers issued by Section 8 in Pima County. Around 400 of these turned over in the earlier year. The aggregate number of Section 8 vouchers just expanded by 38 from 2002 to 2004. Expecting that half of the holding up rundown is in the long run resolved to be qualified, the normal hold up to get a voucher is a little more than 1.5 years. City of Tucson and Pima County CON Plan FY2006-10

Key Findings – Housing Market Analysis The quantity of family units in Pima County is developing at a speedier rate than the quantity of lodging units. There are less empty lodging units than in 1990. There has been an expansion in the quantity of family units living in stuffed conditions. Most rental units have maybe a couple rooms. Absence of bigger rental units adds to the event of stuffed conditions. The dominant part of lodging units in Pima County are at hazard for lead paint harming. There is by all accounts a deficiency of steady lodging units for the rationally sick and people with HIV/AIDS given the little number of units accessible, and the substantial number of these extraordinary needs populaces. City of Tucson and Pima County CON Plan FY2006-10