Agenda - Council - 06/28/2016 - Laserfiche WebLink

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ANOKA COUNTY HOUSING STUDY DEMOGRAPHIC ANALYSIS • Residential construction activity peaked in 2004 with 3,330 units permitted but has since decreased annually. Last year (2009) marks a nine-year low with just over 500 permitted units. While not yet released, 2010 figures are likely to similar to 2009. 2009 2008 2007 2006 2005 2004 2003 2002 2001 Total Building Permits Issues, 2001 to 2009 Anoka County 0 250 500 750 1,000 1,250 1,500 1,750 2,000 2,250 2,500 2,750 3,000 3,250 3,500 Number of Permits • Single-family homes led market activity with 10,385 permitted units, or about 59.5% of total permitted units from 2001 to 2009. Townhomes accounted for 27.5% of total permitted units, followed by multifamily units (12.5%) and du-/tri-/quad-plex units (0.5%) • Consistent with household growth trends (Table A-1), the following submarkets led activity in the County: o Blaine, Circle Pines, & Lexington - 5,725 units, 32.8% of the County o Ramsey - 2,272 units, 13.0% of the County o Coon Rapids - 1,642 units, 9.4% of the County o Andover - 1,591 units, 9.1% of the County Tables A-3 and A-4: Population Ate Distribution Trends • For Anoka County overall, growth is forecast to be relatively steady in the younger age cohorts (cohorts under age 44), decline slightly in middle age (age 45 to 54), and increase substantially in senior aged cohorts. The aging of the baby boomer generation is a key trend impacting Anoka County, which will drive demand for senior -specific housing products in the next decade and beyond. • Over the last decade, Anoka County added about 22,640 people age 55 and older, which equates to growth in this age segment of +50.6%. In comparison, the population overall increased by 46,060 people (+15.4%), which illuminates the rapidly aging population base in the County. MAXFIELD RESEARCH INC. 9