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FORECASTS AND URBAN LAND DEMAND <br />After the national recovery from the recession and high interest <br />rates in the early 1980's, Lino Lakes has experienced an annual <br />increase in the number of new homes since 1984. Low housing <br />interest rates and strong growth in the cities to the south has <br />strengthened the residential housing markets in Lino Lakes, <br />resulting in unprecedented strong growth over the past five years. <br />Table A illustrates the number of homes constructed in Lino Lakes <br />since 1971. Through the 1970's, the City averaged 64.5 housing <br />units a year. This average increased in the 1980's to 122 housing <br />units annually. Since 1990, the number of new housing units <br />increased to an average of 265 housing units annually, with a peak <br />number of housing units at 375 occurring in 1993. <br />TABLE A <br />LINO LAKES BUILDING PERMITS <br />Number <br />Year of Homes <br />1971 42 <br />1972 41 <br />1973 29 <br />1974 25 <br />1975 18 <br />1976 42 <br />1977 112 <br />1978 166 <br />1979 169 <br />Sub -Total 645 <br />1980 109 <br />1981 79 <br />1982 61 <br />1983 104 <br />1984 95 <br />1985 117 <br />1986 147 <br />1987 152 <br />1988 165 <br />1989 193 <br />Sub -Total 1,222 <br />1990 176 <br />1991 212 <br />1992 349 <br />1993 375 <br />1994 213 <br />Sub -Total 1,325 <br />SOURCE: City of Lino Lakes <br />4 <br />