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full year since 2008. Even though building permits have declined sharply, the North Growth
<br /> Corridor has maintained a relatively consistent market share.
<br /> Table 4-16
<br /> SEVEN-COUNTY METROPOLITAN AREA,NORTH GROWTH CORRIDOR,NORTHSTAR CORRIDOR DRAW AREA,
<br /> RAMSEY STATION DRAW AREA,AND RAMSEY
<br /> RESIDENTIAL BUILDING PERMITS;1991 TO 2012*
<br /> Northstar Corridor Ramsey Station
<br /> North Growth Corridor Draw Area Draw Area Ramsey
<br /> Metropolitan Building Market Market Building Market Building Market Building
<br /> Year Area Permits Share Share Permits Share Permits Share Permits
<br /> 1991 12,060 1,912 15.85 % 86.45 % 1,653 17.91 % 296 51.35 % 152
<br /> 1992 15,632 2,713 17.36 84.48 2,292 20.24 464 60.13 279
<br /> 1993 15,882 2,924 18.41 77.39 2,263 26.87 608 61.68 375
<br /> 1994 14,205 2,140 15.07 84.67 1,812 25.00 453 54.75 248
<br /> 1995 13,956 2,124 15.22 89.41 1,899 27.54 523 42.45 222
<br /> 1996 14,098 2,505 17.77 86.59 2,169 25.17 546 50.55 276
<br /> 1997 13,234 2,195 16.59 89.43 1,963 25.22 495 46.67 231
<br /> 1998 15,817 2,944 18.61 91.98 2,708 21.38 579 53.02 307
<br /> 1999 17,679 3,049 17.25 93.34 2,846 13.84 394 33.50 132
<br /> 2000 17,050 2,432 14.26 93.22 2,267 17.87 405 22.47 91
<br /> 2001 16,788 2,634 15.69 95.25 2,509 14.91 374 22.73 85
<br /> 2002 19,782 2,751 13.91 96.58 2,657 19.53 519 42.20 219
<br /> 2003 20,973 4,077 19.44 90.43 3,687 29.92 1,103 41.16 454
<br /> 2004 19,832 4,119 20.77 93.59 3,855 30.17 1,163 48.50 564
<br /> 2005 11,514 3,118 27.08 81.14 2,530 30.24 765 51.11 391
<br /> 2006 12,109 1,904 15.72 91.23 1,737 25.96 451 39.02 176
<br /> 2007 8,039 1,231 15.31 94.15 1,159 31.23 362 63.54 230
<br /> 2008 4,711 543 11.53 92.08 500 20.80 104 72.12 75
<br /> 2009 4,028 546 13.56 93.59 511 13.31 68 66.18 45
<br /> 2010 5,014 702 14.00 96.15 675 11.70 79 75.95 60
<br /> 2011 4,549 846 18.60 75.06 635 6.46 41 56.10 23
<br /> 2012* 6,436 1,033 16.05 86.16 890 35.51 316 90.82 287
<br /> Total 283,388 48,442 17.09 % 89.21 % 43,217 23.39 % 10,108 48.69 % 4,922
<br /> Average 13,188 2,258 2,016 466 221
<br /> *Through September 2012.
<br /> Average excludes 2012.
<br /> Source:U.S.Census and McComb Group,Ltd
<br /> Building permits in the Northstar Corridor Draw Area increased from 1,653 in 1991 to 2,708 in
<br /> 1998. During this eight year period, market share ranged from 77.4 percent to a peak of 92.0
<br /> percent in 1998 and averaged 86.3 percent. Market shares have increased to an average of 91.9
<br /> percent during the housing boom from 1999 to 2006. Since the housing boom ended in 2006,
<br /> market share has averaged 90.2 percent over a five-year period. In the first four years of that
<br /> period, the market share was 94.0 percent. While the number of building permits has been
<br /> declining, the Northstar Corridor Draw Area has maintained strong market share performance.
<br /> Ramsey Residential Growth
<br /> The Ramsey Station Draw Area includes Ramsey, Elk River, and Nowthen. Between 1991 and
<br /> 1998, the draw area market share averaged 23.7 percent. During the period between 1999 and
<br /> 2007, this area achieved the same average market share of 23.7 percent of Northstar Corridor
<br /> Draw Area building permits. Building permit market share for the Ramsey Station Draw Area
<br /> ranged from 13.8 to 31.2 percent between 1999 and 2008, with 2003 through 2005 being the
<br /> most productive years for Ramsey's residential development. Since 2008, Ramsey Station Draw
<br /> Area cities have experienced reduced market share as a result of declining home construction.
<br /> Average market share for the 2007 to 2012 was about 20 percent.
<br /> 4-17
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