2.5 Metro Housing Starts Forecast Chartbook 2016-2018 October 2016 2.0 1.5 0.5 1990 1994 1998 2002 2006 2010 2014 2018 www.housingeconomics.com
Table of Contents (Metro Housing Starts Forecasts and Economic Indicators) State Metro Area Page AL Birmingham-Hoover AL 4 AR-MO Fayetteville-Springdale-Rogers AR-MO 6 AR Little Rock-North Little Rock-Conway AR 8 AZ Phoenix-Mesa-Scottsdale AZ 10 AZ Tucson AZ 12 CA Bakersfield CA 14 CA Fresno CA 16 CA Los Angeles-Long Beach-Anaheim CA 18 CA Modesto CA 20 CA Oxnard-Thousand Oaks-Ventura CA 22 CA Riverside-San Bernardino-Ontario CA 24 CA Sacramento--Roseville--Arden-Arcade CA 26 CA San Francisco-Oakland-Hayward CA 28 CA San Jose-Sunnyvale-Santa Clara CA 30 CA San Diego-Carlsbad CA 32 CA Stockton-Lodi CA 34 CO Colorado Springs CO 36 CO Denver-Aurora-Lakewood CO 38 CO Fort Collins CO 40 CO Greeley CO 42 CT Hartford-West Hartford-East Hartford CT 44 FL Cape Coral-Fort Myers FL 46 FL Deltona-Daytona Beach-Ormond Beach FL 48 FL Jacksonville FL 50 FL Lakeland-Winter Haven FL 52 FL Miami-Fort Lauderdale-West Palm Beach FL 54 FL Naples-Immokalee-Marco Island FL 56 FL North Port-Sarasota-Bradenton FL 58 FL Ocala FL 60 FL Orlando-Kissimmee-Sanford FL 62 FL Palm Bay-Melbourne-Titusville FL 64 FL Pensacola-Ferry Pass-Brent FL 66 FL Port St. Lucie FL 68 FL Tampa-St. Petersburg-Clearwater FL 70 GA Atlanta-Sandy Springs-Roswell GA 72 IA Des Moines-West Des Moines IA 74 ID Boise City ID 76 IL-IN-WI Chicago-Naperville-Elgin IL-IN-WI 78 IN Indianapolis-Carmel-Anderson IN 80 KY-IN Louisville/Jefferson County KY-IN 82 KY Lexington-Fayette KY 84 LA Baton Rouge LA 86 LA New Orleans-Metairie LA 88 MA-NH Boston-Cambridge-Newton MA-NH 90 MA Worcester MA-CT 92 MD Baltimore-Columbia-Towson MD 94 ME Portland-South Portland ME 96 2016 NAHB/HousingEconomics. All rights reserved.
MI Detroit-Warren-Dearborn MI 98 MI Grand Rapids-Wyoming MI 100 MN-WI Minneapolis-St. Paul-Bloomington MN-WI 102 MO-KS Kansas City MO-KS 104 MO Springfield MO 106 MO-IL St. Louis MO-IL 108 MS Jackson MS 110 NC Asheville NC 112 NC-SC Charlotte-Concord-Gastonia NC-SC 114 NC Durham-Chapel Hill NC 116 NC Greensboro-High Point NC 118 NC Raleigh NC 120 NC Wilmington NC 122 NC Winston-Salem NC 124 NE-IA Omaha-Council Bluffs NE-IA 126 NY-NJ-PA New York-Newark-Jersey City NY-NJ-PA 128 NM Albuquerque NM 130 NV Las Vegas-Henderson-Paradise NV 132 NV Reno NV 134 OH Cleveland-Elyria OH 136 OH Columbus OH 138 OH Dayton OH 140 OH-KY-IN Cincinnati OH-KY-IN 142 OK Oklahoma City OK 144 OK Tulsa OK 146 OR-WA Portland-Vancouver-Hillsboro OR-WA 148 PA-NJ Allentown-Bethlehem-Easton PA-NJ 150 PA Pittsburgh PA 152 PA-NJ-DE-MD Philadelphia-Camden-Wilmington PA-NJ-DE-MD 154 RI-MA Providence-Warwick RI-MA 156 SC Charleston-North Charleston SC 158 SC Columbia SC 160 SC Greenville-Anderson-Mauldin SC 162 SC Myrtle Beach-Conway-North Myrtle Beach SC-NC 164 TN Knoxville TN 166 TN-MS-AR Memphis TN-MS-AR 168 TN Nashville-Davidson--Murfreesboro--Franklin TN 170 TX Austin-Round Rock TX 172 TX Brownsville-Harlingen TX 174 TX Dallas-Fort Worth-Arlington TX 176 TX El Paso TX 178 TX Houston-The Woodlands-Sugar Land TX 180 TX McAllen-Edinburg-Mission TX 182 TX San Antonio-New Braunfels TX 184 UT Ogden-Clearfield UT 186 UT Provo-Orem UT 188 UT Salt Lake City UT 190 VA Richmond VA 192 VA-NC Virginia Beach-Norfolk-Newport News VA-NC 194 VA-DC-MD-WV Washington-Arlington-Alexandria DC-VA-MD-WV 196 WA Seattle-Tacoma-Bellevue WA 198 WI Madison WI 200 WI Milwaukee-Waukesha-West Allis WI 202 2016 NAHB/HousingEconomics. All rights reserved.
Virginia Beach-Norfolk-Newport News VA-NC Housing History and Forecast 2013 2014 2015 2016 2017 2018 Total Housing Starts (Ths.) 6.7 5.2 Change 23.1 % -21.7 % Single-Family Housing Starts (Ths.) 4.1 3.7 Change 12.7 % -7.5 % Share 60.8 % 71.8 % Multifamily Housing Starts (Ths.) 2.6 1.5 Change 43.7 % -43.7 % Share 39.2 % 28.2 % Starts per Thousand Population 3.9 3.0 Key Indicators 2013 2014 2015 2016 Real Metro GDP (Bil. 2009$) $83.1 $82.5 $85.6 nd Share of Employment Nonfarm Employment (Ths.) 757 758 765 772 Manufacturing Change 1.3 % 0.2 % 0.9 % 0.8 % 2001-2005 8.1 % Unemployment rate 6.1 % 5.6 % 4.9 % 4.4 % 2006-2010 7.3 % Population (Ths.) 1,707 1,718 1,725 1,732 2011-2015 7.1 % Change 0.5 % 0.7 % 0.4 % 0.4 % Federal Govt. Real Personal Income (Bil. 2009 $) $71.2 $72.7 nd nd 2001-2005 6.2 % Median Price Existing SF Homes (Ths.) $191.4 $194.6 $202.2 $206.6 2006-2010 6.4 % Freddie Mac House Price Index Change 3.4 2.4 1.9 1.4 2011-2015 7.3 % *Note: Historical data appearing in column for 2016 are figures from the most recent quarter of 2016 available. 8.0 7.0 6.0 5.0 4.0 3.0 2.0 Single-Family Housing Starts Per Thousand Population 2017 2018 1.8 1.6 1.4 1.2 0.8 0.6 0.4 0.2 Multifamily Housing Starts Per Thousand Population 2017 2018 2016 NAHB/HousingEconomics October 2016
Virginia Beach-Norfolk-Newport News VA-NC 25.0% Price Appreciation 2 15.0% 1 5.0% -5.0% -1-15.0% 4.0% 3.0% 2.0% % -% -2.0% -3.0% -4.0% -5.0% Employment Growth Population Growth 1.8% 1.6% 1.4% 1.2% % 0.8% 0.6% 0.4% 0.2% -0.2% -0.4% Price Appreciation, Employment Growth, and Population Growth are calculated based on annual averages. Starts per thousand population. Source: Bureau of Census, Moody's Economy.com, National Association of Home Builders (NAHB). Employment mix is calculated as the industry share of total non-agricultural employment. Sources: Bureau of Economic Analysis, Bureau of Labor Statistics, Bureau of Census, Federal Housing Finance Agency, National Association of Realtors, Moody's Economy.com October 2016 2016 NAHB/HousingEconomics