Demographics g p of the Housing R Recovery in LA i LA Crocker - - PowerPoint PPT Presentation
Demographics g p of the Housing R Recovery in LA i LA Crocker Symposium y p October 29, 2013 Taylor Mammen, Principal / Director of Consulting PERMIT GROWTH Annual Residential Permits (Los Angeles MSA) 40 000 40,000 35,000 30,000
Crocker Symposium y p
Taylor Mammen, Principal / Director of Consulting
40 000
Annual Residential Permits (Los Angeles MSA)
35,000 40,000 25,000 30,000 15,000 20,000 5,000 10,000
Crocker Symposium | OCTOBER 29, 2013
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300
S&P/Case- Shiller CA Los Angeles Home Price Index (through July 2013)
250 300 150 200 100 150 50 Jan-1990 Sep-1990 May-1991 Jan-1992 Sep-1992 May-1993 Jan-1994 Sep-1994 May-1995 Jan-1996 Sep-1996 May-1997 Jan-1998 Sep-1998 May-1999 Jan-2000 Sep-2000 May-2001 Jan-2002 Sep-2002 May-2003 Jan-2004 Sep-2004 May-2005 Jan-2006 Sep-2006 May-2007 Jan-2008 Sep-2008 May-2009 Jan-2010 Sep-2010 May-2011 Jan-2012 Sep-2012 May-2013
Crocker Symposium | OCTOBER 29, 2013
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Projected Total Population Growth Rate by Age Southern California, 2010 – 2020 Southern California, 2010 2020
Single/Roommate Rental Apartments Entry-Level and First Move-Up Condos Move-Down Product Lifestyle Product Lifestyle Product Age-Targeted/Restricted Product Senior Living Source: California Department of Finance; RCLCO
Crocker Symposium | OCTOBER 29, 2013
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Source: California Department of Finance; RCLCO
90%
Housing Type Preference by Age (U.S.) Percent Answering Yes to the Following:
“I don't own a car And I don't need one
70% 80% 90% 40%
I don t own a car. And, I don t need one, because I use public transit and get around the neighborhood by bicycle and/or walking.”
40% 50% 60% 30% 40% 10% 20% 30% 10% 20% 0% Single-family detached house Single-family attached house or Apartment or condominium 0% house house or townhouse 18-29 30-39 40-49 50-59 60+ Total
Source: RCLCO Consumer Research
Crocker Symposium | OCTOBER 29, 2013
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Source: RCLCO Consumer Research
100%
Percentage of Population by Ethnicity (Los Angeles County)
80% 90% 100% Multi-Race, not Hispanic or Latino Hispanic or Latino 60% 70% Hispanic or Latino Native Hawaiian and other Pacific Islander not Hispanic 40% 50% Pacific Islander, not Hispanic
Asian, not Hispanic or Latino 10% 20% 30% American Indian, not Hispanic
Bl k t Hi i L ti 0% 10% 2010 2020 2030 2040 2050 2060 Black, not Hispanic or Latino
Source: California Department of Finance
Crocker Symposium | OCTOBER 29, 2013
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Source: California Department of Finance
Percentage of Households by Income Difference in Percentage, LA vs. U.S.
20 0% 25.0% 30.0% 0 5% 1.0% 1.5% 10.0% 15.0% 20.0%
0.0% 0.5% 0.0% 5.0%
LA County U.S.
Source: ESRI Business Analyst
Crocker Symposium | OCTOBER 29, 2013
Source: ESRI Business Analyst
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Annual Employment and Household Growth Los Angeles MSA, 1990 – 2012 Los Angeles MSA, 1990 2012
100 000 200,000
+497 100
100,000
+497,100 new households
new jobs
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Employment Growth Household Growth
Source: Moody’s; BLS
Crocker Symposium | OCTOBER 29, 2013
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Source: Moody s; BLS
Taylor Mammen Principal / Director of Consulting Ph (310) 282 0437 Phone: (310) 282-0437 tmammen@rclco.com RCLCO 233 Wilshire Boulevard Suite 370 Santa Monica, CA 90401 Phone: (310) 914-1800 Fax: (310) 914-1810 www.rclco.com