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Jobs - Housing

Jobs - Housing. Assessment. Presented to the GMPC. March 28, 2001. Purpose of Discussion. Present proposed process and timeline. Review research and findings. Introduce key issues. Growth Management Requirements.

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Jobs - Housing

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  1. Jobs - Housing Assessment Presented to the GMPC March 28, 2001

  2. Purpose of Discussion • Present proposed process and timeline • Review research and findings • Introduce key issues

  3. Growth Management Requirements • OFM forecasts 20 year county population growth - every 10 yearsNext forecast due in February 2002 • GMA requires forecasts to be accommodated in Comp Plans • King Co. CPPs establish housing targets for each jurisdiction • CPP targets must be revised to accommodate new forecasts • CPPs also establish employment targets - also need to be revised • Local comprehensive plans must accommodate new targets

  4. Jobs/Housing Distribution Process 2001 March GMPC reviews research, findings, key issues and timeline April-June Planning Directors review CPPs and propose revisions May-July GMPC discusses CPPs September GMPC approves draft CPPs 2002 February OFM issues population projection Feb-April Planning Directors discuss & prepare recommendations to GMPC GMPC reviews projections, and provides guidance on distribution June GMPC reviews proposed distribution & adopts CPP amendments

  5. Key Issues • Where to target housing growth to accommodate OFM population forecasts • Whether to continue to set employment targets and, if so, where • Whether to adopt new CPPs to link housing and employment growth

  6. Seattle Metro Area is Similar to Other Metro Areas in Population to Job Ratio Data Source: Regional Council Government for Metro Areas, US Census Data Source: Puget Sound Regional Council: Regional Review 1998, p.79

  7. Seattle Metro Area is Similar to Other Metro Areas in Population to Job Ratio Data Source: Regional Council Government for Metro Areas, US Census Data Source: Puget Sound Regional Council: Regional Review 1998, p.79

  8. No Major Shift in Tri-County Population, Housing and Jobs from One County to Another since 1980

  9. King County's Share of the Change in Tri-County Population, Housing and Jobs has Decreased Moderately in the Last Two Decades

  10. Total Population, Housing and Job Numbers Vary Somewhat by Subregion in King County Since 1980

  11. Total Population, Housing and Job Numbers Vary Somewhat by Subregion in King County Since 1980

  12. Some Changes in County Subregional Growth in the 1990’s: Uneven Gains in Population and Jobs in the Subregions

  13. Some Changes in County Subregional Growth in the 1990’s: Uneven Gains in Population and Jobs in the Subregions

  14. Some Changes in County Subregional Growth in the 1990’s: Uneven Gains in Population and Jobs in the Subregions

  15. Some Changes in County Subregional Growth in the 1990’s: Uneven Gains in Population and Jobs in the Subregions

  16. Some Changes in County Subregional Growth in the 1990’s: Uneven Gains in Population and Jobs in the Subregions

  17. Seattle and Eastside Area Home Prices Increased While South King County Home Prices Remained Stable in the 1980’s and 1990’s

  18. Housing Prices Respond to Job Growth

  19. Distribution of Single Family Building Permits 1998

  20. Distribution of Multifamily Building Permits 1998

  21. Tri-County Distribution of Jobs 1998

  22. Regional Daily Travel by Decade: 1960 , 1970, 1980

  23. Distance to Work for Pierce and Snohomish County Residents: 1990 - 1997 King King Pierce Snohomish

  24. Work Trips by Catchment Areas

  25. Work Trips by Catchment Areas

  26. Work Trips by Catchment Areas

  27. Key Issues • Where to target housing growth to accommodate OFM population forecasts • Whether to continue to set employment targets and, if so, where • Whether to adopt new CPPs to link housing and employment growth

  28. Jobs/Housing Distribution Process 2001 March GMPC reviews research, findings, key issues and timeline April-June Planning Directors review CPPs and propose revisions May-July GMPC discusses CPPs September GMPC approves draft CPPs 2002 February OFM issues population projection Feb-April Planning Directors discuss & prepare recommendations to GMPC GMPC reviews projections, and provides guidance on distribution June GMPC reviews proposed distribution & adopts CPP amendments

  29. Note: The following figures were not included in the jobs-housing presentation at GMPC, but were part of the packet mailed to the GMPC members.

  30. Tri-County Population, Housing and Jobs Profile Data

  31. Sub-Regional Population, Housing and Jobs Profile Data

  32. Historically, Population Increases Follow Job Growth in King County

  33. King and Snohomish Counties Have Similar Rent Levels; Pierce Has Lower Rates

  34. Seattle and Eastside Area Home Prices Increased While South King County Home Prices Remained Stable in the 1980's and 1990's

  35. Rental Rates Grew Faster in Seattle and on the Eastside than in Southeast King County in the Last Two Decades

  36. The Annual Number of New Housing Units Varies Little But Home Prices Are Much More Volatile from Year to Year in King County

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