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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 />Year
<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 />North Growth Corridor
<br />Northstar Corridor
<br />Draw Area
<br />Ramsey Station
<br />Draw Area
<br />Ramsey
<br />Metropolitan Building Market Market Building Market Building Market Building
<br />Area Permits Share Share Permits Share Permits Share Permits
<br />1991 12,060 1,912 15.85
<br />1992 15,632 2,713 17.36
<br />1993 15,882 2,924 18.41
<br />1994 14,205 2,140 15.07
<br />1995 13,956 2,124 15.22
<br />1996 14,098 2,505 17.77
<br />1997 13,234 2,195 16.59
<br />1998 15,817 2,944 18.61
<br />1999 17,679 3,049 17.25
<br />2000 17,050 2,432 14.26
<br />2001 16,788 2,634 15.69
<br />2002 19,782 2,751 13.91
<br />2003 20,973 4,077 19.44
<br />2004 19,832 4,119 20.77
<br />2005 11,514 3,118 27.08
<br />2006 12,109 1,904 15.72
<br />2007 8,039 1,231 15.31
<br />2008 4,711 543 11.53
<br />2009 4,028 546 13.56
<br />2010 5,014 702 14.00
<br />2011 4,549 846 18.60
<br />2012* 6,436 1,033 16.05
<br />Total 283,388 48,442 17.09
<br />Average 13,188 2,258
<br />*Through September 2012.
<br />Average excludes 2012.
<br />Source: U.S. Census and McComb Group, Ltd
<br />%
<br />%
<br />86.45
<br />84.48
<br />77.39
<br />84.67
<br />89.41
<br />86.59
<br />89.43
<br />91.98
<br />93.34
<br />93.22
<br />95.25
<br />96.58
<br />90.43
<br />93.59
<br />81.14
<br />91.23
<br />94.15
<br />92.08
<br />93.59
<br />96.15
<br />75.06
<br />86.16
<br />89.21
<br />%
<br />%
<br />1,653
<br />2,292
<br />2,263
<br />1,812
<br />1,899
<br />2,169
<br />1,963
<br />2,708
<br />2,846
<br />2,267
<br />2,509
<br />2,657
<br />3,687
<br />3,855
<br />2,530
<br />1,737
<br />1,159
<br />500
<br />511
<br />675
<br />635
<br />890
<br />43,217
<br />2,016
<br />17.91 % 296 51.35
<br />20.24 464 60.13
<br />26.87 608 61.68
<br />25.00 453 54.75
<br />27.54 523 42.45
<br />25.17 546 50.55
<br />25.22 495 46.67
<br />21.38 579 53.02
<br />13.84 394 33.50
<br />17.87 405 22.47
<br />14.91 374 22.73
<br />19.53 519 42.20
<br />29.92 1,103 41.16
<br />30.17 1,163 48.50
<br />30.24 765 51.11
<br />25.96 451 39.02
<br />31.23 362 63.54
<br />20.80 104 72.12
<br />13.31 68 66.18
<br />11.70 79 75.95
<br />6.46 41 56.10
<br />35.51 316 90.82
<br />23.39 % 10,108 48.69
<br />466
<br />%
<br />%
<br />152
<br />279
<br />375
<br />248
<br />222
<br />276
<br />231
<br />307
<br />132
<br />91
<br />85
<br />219
<br />454
<br />564
<br />391
<br />176
<br />230
<br />75
<br />45
<br />60
<br />23
<br />287
<br />4,922
<br />221
<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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