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Chart 4 -3: Units in Structure <br />Pct. of Housing Stock <br />100% <br />90% <br />80% <br />70% <br />60% <br />50% <br />40% <br />30% <br />20% <br />10% <br />0% <br />IM <br />Units in Structure <br />as of 2000 <br />• <br />Lino Lakes: Lino: W of Lino: E of Park Blaine <br />Total Park <br />Source: 2000 US Census <br />Hugo Forest Lake <br />• Mobile Home <br />o 10+ Units <br />o 3 to 9 Units <br />• Tw inhome <br />• Single-Family <br />Pattern of Recent Construction <br />Although owner - occupied, single - family homes have dominated the development landscape in <br />Lino Lakes and its neighbors over the last three decades, recent trends suggest that various <br />types of multifamily product are becoming much more prevalent. In the six years between 2000 <br />and 2005, roughly half of the new units constructed in Blaine, Hugo, and Forest Lake were either <br />townhomes or multifamily units (Chart 4 -4). This is a huge departure from the previous three <br />decades when roughly 90 percent of the units built were single - family homes. Much of this <br />change can be attributed to demographic shifts, in which older households are downsizing from <br />single - family homes to maintenance free, attached dwellings. Also, younger households, who <br />normally rent their housing, were able to afford modest forms of owner - occupied housing during <br />the early 2000s because mortgage interest rates were at historically low levels. Furthermore, <br />land costs driven by rapid development and increased commute times have converged at the <br />developing edge of the metro area to make townhomes the affordable entry-level product when <br />20 years ago it might have been a modest detached single - family home. <br />Despite increased development of multifamily homes in Blaine, Hugo, and Forest Lake during the <br />last six years, there has been minimal development of multifamily homes in Lino Lakes. When <br />looking at the entire City, nearly 80 percent of the homes built between 2000 and 2005 were <br />single family homes. Moreover, the only type of multifamily housing that was built during this <br />time was townhomes. By analyzing the areas of the City west and east of the Regional Park, <br />there is a slight difference in the prevalence of townhomes. West of the park, nearly one -third of <br />the units built between 2000 and 2005 were townhomes, whereas only 15 percent of the units <br />were townhomes in the areas east of the park. <br />4 -6 <br />• <br />• <br />• <br />