Hutto Independent School District Quarterly Report 4Q19 National - PowerPoint PPT Presentation

Hutto Independent School District Quarterly Report 4Q19

National Economic Conditions (November 2019) Top Job Growth Markets Ranked by Change in Employment Total Annual Job % Annual Rank MSA Employment Growth Job Growth 1 Dallas-Fort Worth-Arlington, TX 3,870,400 120,700 3.2% 2 New York-Newark-Jersey City, NY-NJ-PA 10,080,100 99,400 1.0% • The City of Hutto’s unemployment 3 Los Angeles-Long Beach-Anaheim, CA 6,343,200 96,000 1.5% rate is 2.5% 4 Houston-The Woodlands-Sugar Land, TX 3,223,100 85,500 2.7% 5 Atlanta-Sandy Springs-Roswell, GA 2,887,900 61,200 2.2% • Down -0.3% from November 2018 6 Washington-Arlington-Alexandria, DC-VA-MD-WV 3,384,900 61,100 1.8% 7 San Francisco-Oakland-Hayward, CA 2,538,700 59,500 2.4% 8 Seattle-Tacoma-Bellevue, WA 2,132,900 59,200 2.9% 9 Phoenix-Mesa-Scottsdale, AZ 2,225,800 56,500 2.6% 10 Miami- Fort Lauderdale-West Palm Beach, FL 2,775,100 40,100 1.5% 11 Orlando-Kissimmee-Sanford, FL 1,364,900 36,700 2.8% 12 Denver-Aurora-Lakewood, CO 1,546,000 35,900 2.4% 13 San Diego-Carlsbad, CA 1,538,100 34,300 2.3% 14 San Antonio-New Braunfels, TX 1,102,200 33,700 3.2% 15 Riverside-San Bernardino-Ontario, CA 1,571,900 33,000 2.1% 16 San Jose-Sunnyvale-Santa Clara, CA 1,174,400 32,500 2.8% 17 Tampa- St. Petersburg-Clearwater, FL 1,404,700 30,800 2.2% 18 Las Vegas-Henderson-Paradise, NV 1,052,200 29,200 2.9% 19 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 3,011,300 29,000 1.0% 20 Austin-Round Rock, TX 1,112,200 29,000 2.7% 21 Charlotte-Concord-Gastonia, NC-SC 1,252,800 28,800 2.4% 22 Chicago-Naperville-Elgin, IL-IN-WI 4,848,600 28,600 0.6% 23 Jacksonville, FL 738,100 24,400 3.4% 24 Raleigh, NC 660,700 24,200 3.8% 25 Baltimore-Columbia-Towson, MD 1,456,900 23,600 1.6% 2

Economic Conditions- Austin Area (December 2019) Top Metrostudy CBSAs - Ranked by Annual Starts Rank Market Annual Starts Annual Change % Change 1 Dallas/ Ft. Worth 34,718 1,117 3.3% 2 Houston 30,547 2,872 10.4% 3 Central Florida 26,632 1,674 6.7% 4 Phoenix/Tucson 25,877 2,755 11.9% 5 Atlanta 24,416 -35 -0.1% 6 Denver/Colorado Springs 19,287 -820 -4.1% 7 Austin 18,905 2,448 14.9% 8 Southern California 16,794 -3,596 -17.6% 9 Northern California 14,580 -2,742 -15.8% 10 San Antonio 13,748 2,626 23.6% 11 Raleigh/Durham 13,080 881 7.2% 12 Salt Lake City 12,860 -182 -1.4% 13 Tampa 12,754 2,131 20.1% 14 Charlotte 12,543 249 2.0% 15 Philadelphia Region 11,846 956 8.8% 16 Seattle 10,888 784 7.8% 17 Central California 10,843 130 1.2% 18 Suburban Maryland 10,710 421 4.1% 19 Las Vegas 10,635 -60 -0.6% 20 South Florida 9,150 1,188 14.9% 21 Nashville 9,138 467 5.4% 22 Jacksonville 8,695 736 9.2% 23 Northern Virginia 8,538 -687 -7.4% 24 Twin Cities 7,945 12 0.2% 25 Sarasota/Bradenton 6,908 1,254 22.2% 3

Austin Area - Annual Starts vs. Annual Closings (December 2019) 4

Economic Conditions – Local News Perfect Game USA • Announced in April 2019, this mixed-used development is a partnership between Perfect Game, the City of Hutto, Sports Facility Advisors, and Legacy Development • It will feature 24 turf baseball fields, along with multi-purpose fields, office, commercial and residential space, medical and physical therapy services, convention center/hotel, and other recreational opportunities • Represents a billion-dollar investment within the city and is projected to bring more than 700,000 visitors to Hutto each year • Development schedule predicts construction beginning mid 2020 and concluding 2021 5

Economic Conditions – Local News EDC Moving Systems at Innovation Business Park • The company will be relocating its Austin logistics and storage operations to Innovation Business Park in Hutto (announced Feb. 2020) • It will occupy an approximately 150,000 square foot space in the business park • The company plans to relocate about 40 full-time employees and intends to hire a dozen new positions over its first five years 6

Austin-Round Rock Housing Market Analysis Multiple Listing Service – YTD SFD Activity & Inventory Dec-19 % Change YTD Sales 36,782 6.3% Average Price $393,160 3.5% Median Price $315,000 3.3% Listings 6,989 -4.5% Months Supply 1.7 Source: Texas A&M Real Estate Center for NTREIS 7

Hutto ISD Housing Market Analysis Home Sales by Transaction Type, 2010 – 2019 Annual District Home Sales 2,500 14 5 2,000 42 18 22 33 8 1,071 8 69 1,500 54 67 866 769 872 79 112 704 147 103 1,000 172 731 188 188 644 232 168 1,126 500 592 909 884 855 310 292 713 501 345 225 218 214 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 New Home Sales Existing Home Sales Foreclosures REO Sales • In 2019 there were approx. 2,200 home sales in HISD, a record high for the past ten years • Total foreclosures and REO sales throughout Hutto ISD have decreased by more than 90% since 2010 • New homes sales within the district have more than tripled since 2010 8 Sources: Metrostudy & Tarrant County Deed Transactions

Hutto ISD Housing Market Average New vs. Existing Home Sale Price, 2010 – 2019 Average District New vs. Existing Home Sale Price, 2010 - 2019 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Avg New Home Price Avg Existing Home Price Avg New Avg Existing Home Price Home Price 2010 $170,725 $130,185 • Since 2010, the average new home price in 2011 $171,325 $156,150 HISD has increased by $122,124, or 71.5% 2012 $187,802 $168,095 • The average existing home price within the 2013 $211,538 $174,669 district has increased by 98.5%, or roughly 2014 $226,236 $182,009 $128,269 since 2010 2015 $244,321 $198,667 2016 $256,355 $217,566 2017 $270,152 $240,600 2018 $285,052 $256,225 9 2019 $292,849 $258,454

HISD New Housing Activity 1400 1200 1000 800 600 400 200 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Starts Closings Starts 2013 2014 2015 2016 2017 2018 2019 Closings 2013 2014 2015 2016 2017 2018 2019 72 82 146 195 271 247 189 50 100 172 162 271 225 221 1Q 1Q 125 162 198 181 227 250 233 69 131 176 172 203 254 348 2Q 2Q 113 232 191 337 250 282 429 108 139 209 249 271 192 271 3Q 3Q 102 171 159 214 205 313 284 108 120 190 256 212 250 321 4Q 4Q 412 647 694 927 953 1,092 1,135 335 490 747 839 957 921 1,161 Total Total • Hutto ISD started approx. 1,130 homes in 2019, the most starts in the past ten years • The district closed approx. 1,160 homes in 2019, the most closings in the past ten years 10

Austin-Round Rock New Home Ranking Report ISD Ranked by Annual Closings – 4Q19 Annual Rank District Name Annual Starts Closings VDL Future 1 Leander ISD 2,533 2,403 3,302 12,571 2 Austin ISD 2,036 2,375 1,551 10,168 3 Pflugerville ISD 1,897 2,067 1,808 9,564 4 Hays CISD 1,623 1,688 2,293 31,849 5 Georgetown ISD 1,799 1,606 3,089 17,891 6 Round Rock ISD 1,184 1,385 895 6,000 7 Manor ISD 1,406 1,325 1,224 16,484 8 Hutto ISD 1,135 1,161 1,145 9,199* 9 Liberty Hill ISD 1,402 1,142 2,533 12,142 10 Del Valle ISD 944 852 1,994 32,586 11 Lake Travis ISD 692 666 1,607 4,831 12 Dripping Springs ISD 689 632 1,509 6,189 13 Jarrell ISD 591 469 780 10,908 14 San Marcos CISD 402 435 637 8,954 15 Bastrop ISD 198 140 1,734 18,499 16 Eanes ISD 39 93 81 176 17 Elgin ISD 61 70 239 6,317 18 Lago Vista ISD 91 58 633 3,961 19 Lockhart ISD 35 58 105 3,821 20 Taylor ISD 113 42 218 986 * Based on additional Templeton Demographics housing research 11

District Housing Overview by Elementary Zone Annual Quarter Annual Quarter Elementary Zone Inventory VDL Future Starts Starts Closings Closings COTTONWOOD CREEK 22 6 28 7 10 64 2,669 HUTTO 318 129 238 96 196 303 1,699 JOHNSON 110 14 93 29 55 43 316 KERLEY 360 71 394 90 142 202 476 NORMAN 13 0 101 2 2 9 603 RAY 32 18 4 0 30 170 1,927 VETERANS HILL 280 46 303 97 125 354 1,509 9,199 Grand Totals 1,135 284 1,161 321 560 1,145 Highest activity in the category Second highest activity in the category Third highest activity in the category 12

District Housing Overview • The district has more than 1,140 lots available to build on • Within Hutto ISD there are approx. 9,200 planned future lots • Of these, groundwork is underway on approx. 1,120 lots within HISD 13

District Housing Activity Sienna (Veterans Hill) • 1,268 total lots in North Sienna • 605 occupied homes Madsen Ranch • 320 futures • 307 total lots • 250 VDL • 171 occupied homes • 64 homes UC • 104 VDL • Closed 228 new homes in • 20 homes UC 2019 Sienna (Kerley) • 1,759 total lots in South Sienna • 1,561 occupied homes • 94 VDL • 66 homes UC • Closed 310 homes in 2019 • Estimated build out late 2020/early 2021 14

District Housing Activity Hutto Highlands • 947 total lots • 416 occupied homes • 329 future lots • 111 VDL • 51 homes UC • Closed 141 homes in 2019 Hutto Square • 1,309 total lots • 581 occupied homes • 654 future lots • 64 VDL • 7 homes UC 15