Transcript BIA Presentation 3/9/2011 (PowerPoint)

Columbus, Ohio
2011 Economic
Forecast
Building Industry Association
Of Central Ohio
March 9, 2011
The Danter Company
Binns Real Estate Services
Columbus Board of Realtors
1
NEW HOME CLOSINGS
1998 - 2010
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
19
98
19
99
20
00
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
0
Thanks To Binns Real Estate Services for some of the data used in this presentation
2
CONDOMINIUM SALES BY YEAR
COLUMBUS MSA
2002 - 2010
3500
2892
3000
2 7 12
2500
2 3 19
2055
2034
19 3 2
2000
15 0 0
12 2 5
10 0 0
865
800
2009
2 0 10
500
0
2002
2003
2004
2005
2006
2007
2008
Thanks To Binns Real Estate Services for some of the data used in this presentation
3
RESIDENTIAL RESALE TRENDS COLUMBUS MSA
2003 - 2008
30000
25000
26660
27493
26251
24305
24445
21153
20000
13995
15000
9760
15644 16307
20235 19676
13533 13162 14495
SALES
LISTINGS
11181
10000
5000
0
2003
2004
2005
2006
2007
2008
2009
2010
Source: Columbus Board of Realtors
Thanks To Binns Real Estate Services for some of the data used in this presentation
4
APARTMENT VACANCY RATES
1999 - 2010
14.0%
12.4%
11.8%
12.0%
10.3%
10.0%
8.9%
8.7%
8.7%
9.1%
8.1%
7.4%
8.0%
6.2%
6.7% 6.8%
6.0%
4.0%
2.0%
0.0%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Thanks To Binns Real Estate Services for some of the data used in this presentation
5
THE “TAKE HOME”
MARKET “IN BALANCE” AND BEGINNING TO BUILD DEFICITS
2011 INFLUENCED BY:
PUBLIC POLICY
LENDING POLICY
CONSUMER CONFIDENCE
POTENTIAL FOR CATASTROPHIC EVENTS
MODEST INCREASES IN SALES IN 2011
STABILIZED PRODUCTION 3,600 UNITS PER YEAR
DEMOGRAPHIC TRENDS WILL INFLUENCE HOUSING INDUSTRY
Thanks To Binns Real Estate Services for some of the data used in this presentation
6
Thanks To Binns Real Estate Services for some of the data used in this presentation
7
Thanks To Binns Real Estate Services for some of the data used in this presentation
8
Thanks To Binns Real Estate Services for some of the data used in this presentation
9
Thanks To Binns Real Estate Services for some of the data used in this presentation
10
Thanks To Binns Real Estate Services for some of the data used in this presentation
11