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Grand Prairie ISD Quarterly Economic and Housing Analysis 2012

Grand Prairie ISD Quarterly Economic and Housing Analysis 2012. Economic Conditions. Texas gained 259,500 jobs between Aug. 2011 and Aug. 2012. Continuing to lead the nation in job growth. ( Susan Combs , Texas Comptroller)

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Grand Prairie ISD Quarterly Economic and Housing Analysis 2012

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  1. Grand Prairie ISDQuarterly Economic and Housing Analysis2012

  2. Economic Conditions • Texas gained 259,500 jobs between Aug. 2011 and Aug. 2012. Continuing to lead the nation in job growth. (Susan Combs, Texas Comptroller) • The state's unemployment rate has been at or below the national rate for 68 consecutive months. (Susan Combs, Texas Comptroller) • DFW 4th in the nation with annual job growth of 52,600 • Unemployment rates - Texas Labor Market Review (August) • - U.S. 8.2% • - Texas 7.0% • - DFW 6.9% • - Tarrant County 6.9% • DFW annual new home starts up 22% from 2Q11. • New housing market in position for sustained growth with inventories in balance and raising rental rates. • Texas sales tax receipts for June 2012 were 15.2 percent higher than for June 2011. (Susan Combs, Texas Comptroller) • Sales tax collections have increased for 27 consecutive months (year-over-year), boosted by strong business spending in the oil/natural gas and manufacturing sectors, and to a lesser extent by retail sales activity. (Susan Combs, Texas Comptroller) • Oil and natural gas production tax collections in the first 11 months of fiscal 2012 were 44 percent higher than during the same period in 2011. (Susan Combs, Texas Comptroller)

  3. Dallas/Fort Worth Market Apartment MarketSummary • Over 8,000 units were absorbed during the second quarter with only 1,563 added to the market. • Occupancy increased to just over 94% during the second quarter. • Average rent in DFW rose 4% over the last year. • Rents rose 7% to 8% over the last year in some of the popular intown neighborhoods such as Uptown and Oak Lawn. • Approximately 15,000 units are under construction, but no more than 3,200 units are scheduled to be completed in any quarter for the next year and a half.

  4. Texas ISD Enrollment Trends 2011 State enrollment = 4,998,579 2011 State enrollment growth = 64,962

  5. Austin Houston DFW San Antonio

  6. Top Districts In DFW Regions Region 10 Region 11

  7. Region 20 Growth from 2006 - 2011

  8. Foreclosure 2012

  9. Mountain Creek Lake – 2012 Review 12 Vacant Developed lots 8 Under Construction

  10. 39 Apartment Complexes • Over 7,500 Units • Over 2,500 students Apartment Complex

  11. Enrollment History *Yellow box = largest grade per year *Green box = second largest grade per year • Strong PK and KG growth last year allowed for positive enrollment growth.

  12. Enrollment Forecast by Grade

  13. Elementary Campus Forecast

  14. Secondary Campus Forecast

  15. Summary Positives • Texas economy continues to out perform the nation. • DFW 4thhighest job growth city in the country. • Texas Annual Job Growth areas (June 2012 – June 2011): 231,800 nonagricultural Professional and Business Services (37,200 jobs 2.8%) Mining (29,200 jobs 12.6%) Trade, Transportation and Utilities (48,500 jobs 2.3%) Leisure and Hospitality (47,500 jobs 4.6%) – (Texas Workforce Commission) • Housing market should begin to improve later part of 2012 see continued growth in 2013. Concerns • Foreclosures still dragging housing, primarily in the lower price ranges. • Government layoffs and the continued education funding crisis.

  16. Summary • District in position for enrollment growth of 249 (1%) growth fall 2012. • District enrollment will likely stay near 27,000 during the next several years. • Enrollment growth/decline will follow student mobility patterns as families move in and out of rental properties.

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