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DRAFT' Market Analysis <br />Lino Lakes Comprehensive Plan Update <br />September, 2006 <br />Page 4 <br />No. of Persons <br />375,000 <br />325,000 <br />275,000 <br />225,000 <br />175,000 <br />125,000 <br />75,000 <br />25,000 <br />- 25,000 <br />- 75,000 <br />- 125,000 <br />Sources: US Census of Population: t360-2000; MN Dept. of Adman.: State Demographic Center; WI Dept. of Admin.: <br />Demographic Services Center. <br />Net Gain in Population by Age Group by Decade <br />16- County Twin Cities Region <br />1960 -2030 <br />I ill <br />1 <br />I <br />1960s 970s 1980s 1990s 2000s 2010s 2020s <br />i Under 18 <br />■18 to 34 <br />0 3 to 64 <br />❑ 65+ <br />Household Growth versus Housing Unit Growth <br />Although a household is by definition an occupied housing unit, the growth in the number of <br />households does not always translate to a one -to -one growth in the number of housing units since <br />housing markets are often affected by age distribution of the market, the cost of housing, the cost of <br />land, local regulations, to name but a few factors. <br />The following chart helps visualize in recent decades the mismatch between the growth in the <br />number of households and the growth in the number of housing units. During the 1970s and <br />especially during the 1980s, the net gain in the number of housing units far exceeded the net gain in <br />the number of new households. This had a profound impact on the housing market during the <br />1990s in which the rate of new home construction was sharply curtailed in response to a glut in the <br />oversupply of housing units. By the end of the 1990s, however, household growth exceeded <br />expectations and pent -up demand for housing sharply increased setting the stage for tremendous <br />amounts of new construction in the early 2000s. <br />DAHLGREN <br />SI- LADIAW <br />ANDUBAN <br />