SFV REGIONAL HOUSING NEEDS AND REALITIES: The Setting

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SFV REGIONAL HOUSING NEEDS AND REALITIES The
Setting

• Daniel Blake, Director
• San Fernando Valley Economic Research Center

California State University Northridge
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Current Conditions

• The Valleys Population was 1,816,000 on Jan 1,
  2005.
• The Valley has about 600,000 Occupied Housing
  Units.
• Persons per Household averages just over 3 pph.

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SFV Annual Population Change
19,000/yr
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SFV Births and Deaths
Natural Increase 14,000/year
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SFV Net In-Migration
5,000/yr
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SFV Multiple and Single Family Permits
5,739 units
Special projects in NH and WH
4,000/yr
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SFV New Residential Units Permitted 2000-2004
The Last Five Years
SFV Economic Research Center CSU Northridge
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SFV Median Home Prices
Current 600 Appreciation 140 in 15 years
275 in 7 years
1997 Trough 160 1/3 Loss in 7 Years
Previous Peak 1990 240
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(No Transcript)
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SFV Owner versus Renter Occupied Units, 2005
The Other Half
Condominiums
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SFV Average Rent in Large Complexes
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Rent Trends SFV vs. Nearby MSAs
SFV rents bunched with those in LA and Ventura
County
Riverside, San Brdo, Ontario
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SUMMARY

• Approximately 19,000 new residents/year
• Approximately 4,000 new units/year
• Marginal person per household 5 pph
• 2000 population 1,698,135
• 2000 pop. density 5,868 persons/sq. mi.
• 2005 population 1,816,000
• 2005 pop. density 6,275 persons/sq. mi.
• 2000-05 density change 407 persons/sq. mi.
• Housing and Infrastructure Support?