Tuesday, March 18, 2014

Growing West Valley City

Recently the West Valley City Community and Economic Development department reported some population and building permit estimates and data.  It is interesting information and also important to understand the make-up and direction of our community.  Below are some of the notable features of that report:




As of January 1, 2014, West Valley City’s estimated population was 133,483. Our population estimate uses cumulative building and demolition permit data to calculate housing units by type, considers the amount of time before a permitted unit is occupied (“lag units”), and adjusts for vacancy rates and household size by unit type.


 


Single family housing construction remains consistent, but lower than pre-2007 levels. Multi-family permit activity has increased substantially over the last several years, as the Residences at Fairbourne Station, Sage Gate at Hayne’s Landing, Pinnacle at Highbury, and the Villages at Westridge projects all have begun construction. The following table provides a permitted unit by type breakdown:


 


 


BUILDING PERMIT ACTIVITY FOR NEW RESIDENTIAL DWELLING UNITS SINCE 2010 CENSUS          


 
 
2010
 
2011
 
2012

 

2013

 

Total

 
% of Total
Single Family
26,802
89
206
201
27,298
68.1%
Multi-Family
10,146
20
245
193
10,604
26.5%
Mobile Home
2,183
0
0
0
2,183
5.5%

Total

39,131
109
451
394
 
40,085
 
 
Cumulative
39,131
39,240
39,691
40,085
 
 


 


 


The permitted units by type are then adjusted to account for units that are under construction at the time of this estimate, as well as for housing units that have been demolished during the year, neither of which will be occupied. Since the 2010 Census, a number of single family homes have been demolished for the Fairbourne Station project, and many for the Mountain View Corridor (45 in 2013). We also adjust for household size by housing unit type to yield a potential population assuming full occupancy of all housing units in West Valley City:


 


 


 
Total
Permits
Issued
Estimated
Construction
Lag Time
Units
Not
Completed
Demolished
Since 2010 Census
 
Completed
Units
House-
hold
Size
 
Potential
Population
Single Family
27,298
5 months
82
198
27,018
3.82
103,209
Multi-Family
10,604
6 months
180
72
10,352
2.74
28,364
Mobile Home
2,183
      1 month
0
12
2,171
2.64
5,731

Total

40,085
 
262
282
39,541
 
137,305
 


 


The population potential including 193 in group quarters would be 137,498 if there were no vacant housing units. Vacancy rates from Equimark’s January 2013 Multi-Family Report are applied to multi-family units and duplexes, and the Census number is applied to single family homes. Vacancy rates are applied below to yield our population estimate for January 1, 2014:


 


 
Potential Population
Vacancy Rate
Total
Percent of Total
Single Family
103,209
2.20%
100,938
75.6%
Multi-Family
28,364
5.30%
26,861
20.1%
Mobile Home
5,731
4.20%
5,491
4.1%
Group Quarters
193
-
193
0.1%
Total
137,498
 
 
133,483
 
 


 


 

 

1 January 2014 Population Estimate: 133,483

 
 


 


Population Trends and Projections


 


The projections for the years 2020 and 2040 are based on Wasatch Front Regional Council projections:


 


 
1995
 
1996
 
1997
 
1998
1999
 
2000
 
2001
95,808
 
100,121
 
103,777
 
105,337
107,830
 
110,571
 
112,173
 
2002
 
2003
 
2004
 
2005     
 
2006
 
2007
2008
113,730
 
116,719
 
119,226
 
120,757
 
122,896
 
124,963
 
125,218
 
2009
2010
2011
 
2012
2013
 
2020
2040
125,498
 
129,480
131,877
132,654
133,483
 
146,000
160,000

No comments:

Post a Comment