OFM April 1, 2016 Population Report
The OFM just released their April 1, 2016 population and housing stock estimate. They do this once a year. Given the apparent shortage of housing in Clark County, I was particularly interested in the ratios between the population and numbers of different types of houses in Vancouver and Clark County.
As most people in the industry would have guessed, there are far fewer homes-per-person in Clark County and Vancouver than there have been in many years. Once again, the builders did not build enough homes of any kind to keep up with the demand driven by population growth.
Below is a summary of some of the information I pulled from the report:
Clark County:
Population Up 2.0%
- Population in 2016: 461,010
- Increase of 9,190 people
Housing Units Up
1.58%
- Housing Units in 2016: 177,495
- Increase of 2,755 housing units
Clark County Housing
Shortage
- Fewest housing units per person since at least 1990
- Fewest single-family units per person since 2000
- Fewest multi-family units per person since 2001
Vancouver
Population up 1.8%
- Vancouver Population in 2016: 173,500
- Increase of 3,100 people
Housing Units Up 0.9%
- Housing Units in 2016: 73,076
- Increase of 640 housing units
Vancouver Housing
Shortage
- Fewest housing units per person since at least 2001
- Fewest single-family units per person since 1996
- Fewest multi-family units per person since 2008
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