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SFV REGIONAL HOUSING NEEDS AND REALITIES: The Setting

SFV REGIONAL HOUSING NEEDS AND REALITIES: The Setting. Daniel Blake, Director San Fernando Valley Economic Research Center. California State University Northridge. Current Conditions. The Valley’s Population was 1,816,000 on Jan 1, 2005. The Valley has about 600,000 Occupied Housing Units.

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SFV REGIONAL HOUSING NEEDS AND REALITIES: The Setting

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  1. SFV REGIONAL HOUSING NEEDS AND REALITIES: The Setting Daniel Blake, Director San Fernando Valley Economic Research Center California State University Northridge

  2. Current Conditions • The Valley’s Population was 1,816,000 on Jan 1, 2005. • The Valley has about 600,000 Occupied Housing Units. • Persons per Household averages just over 3 pph. SFV Economic Research Center CSU Northridge

  3. SFV Annual Population Change +19,000/yr SFV Economic Research Center CSU Northridge

  4. SFV Births and Deaths Natural Increase: 14,000/year SFV Economic Research Center CSU Northridge

  5. SFV Net In-Migration 5,000+/yr SFV Economic Research Center CSU Northridge

  6. SFV Multiple and Single Family Permits 5,739 units Special projects in NH and WH ~4,000/yr SFV Economic Research Center CSU Northridge

  7. SFV New Residential Units Permitted 2000-2004: The Last Five Years SFV Economic Research Center CSU Northridge SFV Economic Research Center CSU Northridge

  8. SFV Median Home Prices Current: $600 Appreciation: 140% in 15 years 275% in 7 years 1997 Trough: $160 1/3 Loss in 7 Years Previous Peak 1990: $240 SFV Economic Research Center CSU Northridge

  9. SFV Owner versus Renter Occupied Units, 2005 The Other Half Condominiums SFV Economic Research Center CSU Northridge

  10. SFV Average Rent in Large Complexes SFV Economic Research Center CSU Northridge

  11. Rent Trends: SFV vs. Nearby MSAs SFV rents bunched with those in LA and Ventura County Riverside, San Brdo, & Ontario SFV Economic Research Center CSU Northridge

  12. SUMMARY • Approximately 19,000 new residents/year • Approximately 4,000 new units/year • Marginal person per household: ~5 pph • 2000 population: 1,698,135 • 2000 pop. density 5,868 persons/sq. mi. • 2005 population: 1,816,000 • 2005 pop. density: 6,275 persons/sq. mi. • 2000-05 density change: 407 persons/sq. mi. • Housing and Infrastructure Support? SFV Economic Research Center CSU Northridge

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