Agenda - Parks and Recreation Commission - 04/10/2014

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City of Ramsey 2030 Comprehensive Plan Appendix A: Community Background Figure 3-6 - Net Gain in Population No. of Persons 375,000 325,000 275,000 225,000 175,000 125,000 75,000 25,000 -25,000 -75,000 -125,000 Net Gain in Population by Age Group by Decade 16 -County Twin Cities Region 1960-2030 L I kr 1960s •970s 1980s 1990s 2000s 2010s 2020s Sources: US Census of Population: 1960-2000; M N Dept. of Adrrin.: State Demographic Center; WI Dept. of Admin.: Demographic Services Center. ❑ Under 18 • 18 to 34 ❑ 35 to 64 ❑ 65+ Household Growth versus Housing Unit Growth Although a household is by defmition an occupied housing unit, the growth in the number of households does not always translate to a one-to-one growth in the number of housing units since housing markets are often affected by age distribution of the market, the cost of construction, the cost of land, and local regulations to name but a few factors. Figure 3-7 helps visualize in recent decades the mismatch between the growth in the number of households and the growth in the number of housing units. During the 1970s and especially during the 1980s, the net gain in the number of housing units far exceeded the net gain in the number of new households. This had a profound impact on the housing market during the early 1990s in which the rate of new home construction was sharply curtailed in response to an oversupply of housing units. By the end of the 1990s, however, household growth exceeded expectations and pent-up demand for housing sharply increased setting the stage for tremendous amounts of new construction in the early 2000s. By 2006, this common cycle had begun to repeat itself as the supply of new housing units outpaced the growth in households. City of Ramsey 2030 Comprehensive Plan Appendix A-12