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Northwest ISD Quarterly Demographic Report 2Q13

Northwest ISD Quarterly Demographic Report 2Q13. Economic Conditions. Texas has had a job growth of 31.5 percent since 1995. Almost triple the nationwide growth of 12 percent . ( City Journal – Winter 2013 )

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Northwest ISD Quarterly Demographic Report 2Q13

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  1. Northwest ISD Quarterly Demographic Report2Q13

  2. Economic Conditions • Texas has had a job growth of 31.5 percent since 1995. Almost triple the nationwide growth of 12 percent. (City Journal – Winter 2013) • DFW, Houston and Austin Metropolitan Statistical Areas (MSA) created more than 230 thousand jobs in the last 12 months. (Metrostudy) • The state's unemployment rate has been at or below the national rate for 78 consecutive months. (http://www.thetexaseconomy.org/economic-outlook/) • Since 2000, 1 million more people have moved to Texas than have left for other states. In 2011, Houston became the 5th largest MSA in the country with DFW the 4thbehind only NYC, LA and Chicago (City Journal – Winter 2013) • Unemployment rates - Texas Labor Market Information (July 2013) • - U.S. 7.6% • - Texas 6.5% • - DFW MSA 6.2% • - Tarrant County 5.7% • - Fort Worth 6.3% • DFW builders put up 5,861 new homes in the last quarter, a 27 percent increase year over year. (Dallas Business Journal) • Texas sales tax collections have increased for 39 consecutive months (Year-over-year) and sales tax receipts for June 2013 were 9.1 percent higher than for June 2012 (Texas Comptroller)

  3. Dallas/Fort Worth MarketMultiple Listing Service – YTD SFD Activity & Inventory Source: Texas A&M Real Estate Center for NTREIS

  4. Dallas/Fort Worth Market SFD-TH – Starts and Closings

  5. Region 10 and 11 Growth 2007/08 – 2012/13

  6. Regional Enrollment Trends Dallas/Fort Worth Region 11 Region 10

  7. New Home Ranking Report by ISD – 2Q13 Dallas/Fort Worth Area

  8. Home Value Comparison Source: Zillow-Yahoo Real Estate Network

  9. Source: Tarrant County Appraisal District

  10. Foreclosure Distribution 2Q13

  11. Northwest ISD New Housing Activity • Quarterly starts are above 350 for first time in 4 years with a 22% increase over 2Q12. • 2Q13 closings are over 300 following the upward trend of starts and inventory.

  12. Annual Closing Distribution 2Q13

  13. Vacant Developed Lots 2Q13

  14. Future Lots 2Q13

  15. Overall Housing Data by Elementary Attendance Zone *Inventory = models + finished vacant lots + under construction Note: Sendera Ranch has been split between SRES and TES as per plat information provided by Metrostudy.

  16. Ten Year Forecast by Grade

  17. Elementary Campus Ten Year Forecast • Elementary growth = one new elementary per year

  18. Middle School & High School Ten Year Forecast

  19. Summary • Texas Economy continues to be the strongest state economy in the country. • New home construction booming and should continue into 2014. • Home prices are climbing due to low inventories of existing homes and surge in demand. • Vacant Developed Lot supply is tight with only 1,619 lots, only a 16 month supply. • Northwest ISD has the highest future lot total in the DFW area with over 22,000 future lots planned. • Northwest ISD can expect an increase of approximately 7,000 students during the next 5 years. • North Tarrant and DFW will continue to be one of the strongest growth areas in the country.

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