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Figure 4-4 <br />METROPOLITAN AREA BUILDING PERMITS; 1990 TO 2012 <br />STABILIZED RESIDENTIAL DEMAND; 2013 TO 2035 <br />units <br />25,000 <br />20,000 <br />15,000 <br />10,000 <br />5,000 <br />0 <br />0 *m[]+1 0Q111 r¢¢r1�1 <br />Q1 O1 Q1 <br />cc <br />Q 0 0 n 0 T 0 .[p-]i rs m a en <br />01 8 <br />1 22 2 2 6 01 QN N ON <br />F• Avgerage Household Increase <br />i <br />[4 61' <br />O N <br />N !V ffl <br />ti p-+ M <br />N N 4 <br />1f1 0 <br />M <br />4 N <br />01 01 N f V ham! 01 !� <br />..4 V M M <br />®© C] 0 01 0 01 0 0 o [7 <br />N N N N N N N N N N N <br />■ Building Permits • Residential Dernand <br />Source: U.S. Census, State Demographer, and McComb Group, Ltd. <br />Ramsey Residential Demand <br />Future stabilized household growth projections for Ramsey and the Ramsey Station Draw Area <br />take into consideration estimated future market share in the North Growth Corridor and <br />Northstar Corridor Draw Area. Market share relationships established in the previous section are <br />used to estimate future stabilized residential market demand. Future Metropolitan Area <br />households for 2013 through 2035 are shown in the first column of Table 4-18. These estimates <br />are based on households for the Metropolitan Area plus Sherburne County counted in the 2010 <br />Census. Future household estimates are based on the State Demographer's 2012 population <br />estimates adjusted to reflect average household size contained in the State Demographer's 2008 <br />estimate of population and households. This results in a 2013 estimated 1,194,278 households in <br />the Metropolitan Area plus Sherburne County. Future stabilized household growth is about 20 <br />percent lower than past projections. Metropolitan Area plus Sherburne County households are <br />estimated to increase to 1,226,189 in 2015, followed by an increase to 1,300,152 households in <br />2020. The rate of household growth slows after each five-year period. <br />Over the past 20 years, the North Growth Corridor has captured an average of 15.4 percent of <br />Metropolitan Area plus Sherburne County growth with a higher growth rate of 17.5 percent <br />during the housing boom. In the future, it's estimated that the North Growth Corridor will <br />capture about 16.5 percent of the Metropolitan Area plus Sherburne County new households. <br />4-21 <br />