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Backup Documents 03/04/2008 W (Strategic Planning) Board of County Commissioners Strategic Planning Workshop Meeting BACK-UP DOCUMENTS March 4, 2008 .~,...,.f: AGENDA March 4, 2008 9:00 a.m. BCC/Strategic Planning Workshop Administration Building Collier County Government Complex Tom Henning, Chairman, District 3 Donna Fiala, Vice-Chairman, District 1 Frank Halas, Commissioner, District 2 Fred W. Coyle, Commissioner, District 4 James Coletta, Commissioner, District 5 NOTICE: ALL PERSONS WISHING TO SPEAK ON ANY AGENDA ITEM MUST REGISTER PRIOR TO SPEAKING. SPEAKERS MUST REGISTER WITH THE COUNTY MANAGER PRIOR TO THE PRESENTATION OF THE AGENDA ITEM TO BE ADDRESSED. ALL REGISTERED PUBLIC SPEAKERS WILL RECEIVE UP TO THREE (3) MINUTES UNLESS THE TIME IS ADJUSTED BY THE CHAIRMAN. COLLIER COUNTY ORDINANCE NO. 2004-05, AS AMENDED, REQUIRES THAT ALL LOBBYISTS SHALL, BEFORE ENGAGING IN ANY LOBBYING ACTIVITIES (INCLUDING, BUT NOT LIMITED TO, ADDRESSING THE BOARD OF COUNTY COMMISSIONERS), REGISTER WITH THE CLERK TO THE BOARD AT THE BOARD MINUTES AND RECORDS DEPARTMENT. IF YOU ARE A PERSON WITH A DISABILITY WHO NEEDS ANY ACCOMMODATION IN ORDER TO PARTICIPATE IN THIS PROCEEDING, YOU ARE ENTITLED, AT NO COST TO YOU, TO THE PROVISION OF CERTAIN ASSISTANCE. PLEASE CONTACT THE COLLIER COUNTY FACILITIES MANAGEMENT DEPARTMENT LOCATED AT 3301 EAST TAMIAMI TRAIL, NAPLES, FLORIDA, 34112, (239) 252-8380; Page 1 March 4, 2008 ASSISTED LISTENING DEVICES FOR THE HEARING IMP AIRED ARE AVAILABLE IN THE COUNTY COMMISSIONERS' OFFICE. 1. Pledge of Allegiance 2. Discussion regarding the Strategic Plan of Collier County 3. Public Comment 4. Adjourn INQUIRIES CONCERNING CHANGES TO THE BOARD'S AGENDA SHOULD BE MADE TO THE COUNTY MANAGER'S OFFICE AT 252-8383. Page 2 March 4, 2008 . Collier County: News Releases News Releases . Feb. 26 - BCC/Strategic Planning Workshop Posted Date: 2/26/2008 FOR IMMI!:DIATI!: RI!:LEASE NDTICE OF PUBLIC MI!:ETING BOARD OF COUNTY COMMISSIONERS STRATEGIC PLANNING WORKSHOP COLLII!:R COUNTY, FLORIDA TUESDAY, MARCH 4, 2008 !/ A.M. - NOON Notice Is hereby given that the Collier County Board of County Commissioners will hold a Strategic Planning Workshop Tuesday, March 4 from 9 a.m. until noon In the Board of County Commissioners chambers, located on the third noor of the W. Harmon Turner Building, Building F, Collier County Government Center, 3301 E. Tamlaml Trail, Naples. The meeting IS open to the public. 'If you are a person with a disability who needs any accommodation in order to participate in this :proceedlng, you are entitled, at no cost to you, to the provIsion of certain assistance. Please contact the :colller County Facilities Management Department located at 3301 E. Tamlaml Trail, Naples, FL 34112, . ;(239) 252-8380; assisted listening devices for the hearing Impaired are avaiiable In the Board of County Commissioners Offlce. For more InformatIon, call Winona Stone In the County Manager's Office at 252-8383. .End- "~,,. .:"'4<"''-''',:''~,.F'' ,""""''''''U:""'"",,, .-.. ';,"',1:'.: ;,:,..,.,,_c..,- -';"..~".,!C~ http://www.colIiergov,net/index.aspx?recordid=41 I 9&page= 18 Page 1 of I ","",":.'7 2/27/2008 . . ~,'-""""~",..,.' . '::. ,'-7)":', ... , . <> <> Co~-r <;;:OU1'lt:y Board of County Commissioners (BCC) fltrategy'Map flmY] riil ~... .. IEconomlc t_evelopment Local Governance Growth Management Community Health and Human Service. ~ Mobility P....erv. Enhance Setaty Neighborhoods & Security Promote Economic Development Safegulrd the Environment Serve~' In _d Provide Trave' Options Dlvo..1fy FINlnclai Reloureea Offer Value Addod Services Llv81'li1ge Flnenclal RHOUrc.. Manage Community Growth enhance Servic.. and FaclllU.. MaintaIn Compliance Develop Collabol'lltlve Solutions Develop Engagod Citizenry Rectult the Right People Develop Skills and Compete"tl.. Retain and Recognlw Promote Opponunitl.. end Challenges CoIIi.r Co.t.mty ~'. SDP_ STEP-UP Project Team P98ter Series Number 1-2007" B~i1 e;.. tt:ollier County Florida's 15th most populous county with 1.8"10 of Florida's population Population Population (Census, btlmlte, & ProJection.) 1980 Census 1980 eenSUI 2000 C"'lue % chang. t V9O-OO 2006 Eatimllle % mange 2??o.o6 % Of change due to net migl'ltion 2007 E,tirTlllte % change 20QO.C7 2010 ProJ8dlon %~nge20()8.10 2015 Projection % mange 20'0-15 CoUllif' County 85,971 152,Oi& 2~1,377 ee.3% 326.e58 29_9~ 90.3% 333,l!S8 32.8% a7B,ZOO 18.1% 4"0,100 16.1% % of 2006 popullltion . Underlayeartot",. Over 64 y..r. of age Modlan age (2000) Person. per equal'll mile (2006) 203% 23.6% ...." ,., Householde and Family Households Hou.ehold. Total hOlAeholdl, 2000 Cen.va Total hoUHhokll, 2008 % Change 2000-06 Femity households, 2000 Cenlus ". with own childnm under ~ 8 Colli.r County 102,973 131,450 27.7% 71,264 32.S% Florida i,746,;e, 12,938,071 15,il82.824 23.'''' 111,149,132 14.8% 83.7% 18.680,367 18.9% 19,974.200 8.9% 21,831,500 ;.3% 224% 17.2% 36.7 340 Florid. 8,338.075 7.291.013 15.0% 4,210.780 42.3% A/;I;:OfdinltoCltn....,dltfinitloRl,.hOIolSltholdln'llI<l...lIofth.peopleWn.oO"IIP'1.~\I.1"cunlt. The lK'UJ>>"tI -.., IN..lnt_ lemlly, onlt I)ltrum IMlIIl'lonlt. two Or moreflmHiIlIM...."".ttotr,OI' I".., ottHor croup of r"l.tl'd 01 unrellr.d plOp" who sllult hi", Cfl,l.rttn, A 'am~ If!o;kId.''lIouMhoIder met one Dr mOrt other ,,",oplt Ilvl"C in tht UITllt hOUMMlId who .re r,lltlJ'd to tllt hOU",~Jdtf by blrtll, ",.,.-1..., O' IdoptM)n Existing Single.Famlly Home Sales P~ent Cheinge In HomM Sokf 200' -D2 200M3 2003--l)4 2004-05 2005-06 ColU,r County 19.9% 117% 18.0'" 37% -40.!;j% ~.nt Cheitlge in Mtd"n 511.. Priu 2001-02 2002..03 -=3-04 -D' 2005-06 11,9% 12,7% Z8,.v., 29,8% 0,0% Florida i,ao;. 13.1% 10,7% 2.5% -27.6% 88% 11.801. 17.1% 29,2'M1 5.6% Notlt: Home sallt, d.tIt... Qlcul.~ for MItt.opoll'l'nShlrlIfIc.1 A.... (M:w\.I). o.tI .now.. hen:,1IfIect the ....lultforth.MSoIlln......,lchth.cOUlltyl.loClt.d. Housing Hou.I"8 Counts Housing units, 2000 c.naul Occupied ONner--occuP/lld % owner-oc:wpied Rent...-occ:upied % renler-occupied V...." % vacant Colli... COUtlty 1404,'36 102,973 77,825 75.6% 25,148 24..4"4 41,563 28.8% ....... 7,302.&47 8,337,929 ....441,799 701% 1.898,130 21,9% 985,018 13.2% Hou.ltlD Stlru 2000 2001 % chan;e 2000-01 2002 % d'lange 2001-02 2003 % change 2002-03 2004 % change 2003..()4 2005 % change 2Ot)4.05 2000 % change 2005-0e Total housing et.rt. 2000-2008 Collw County 8.255 7,5.e -8.6% 6,246 -17.2% &,3~ 1.5% 8.336 -0.1% e,033 -48% 5,473 -e,3% 46,23' ...- H50,721 1151,G49 4.6% 111,753 10.5% 21&,250 1~.9% 252.539 17,3% 283,578 12,3% 213,199 .2-48% 1,479,087 State Infrsstructure TranaportalkM'r Collier County IIJoridl SlIte Highway Centen'rle M~es 206.1 12,068.9 Lano Miles ..0. 42,022.1 State Bndges Num~r ", 8.503 Stat. Fcllttl.. Collier County lIIarld. BuildingtIFacilitiltl Nu_ ,. 3,644 Square Footage 250.724 55,1()04,747 Byte Lands Colli... County Florida Conservation Linda Pa/'CIIla 20,808 35.931 ACrHge 210,1.0,9 3,343,~2.3 Non-Conserv.1ion Lands p-~ 631 6.238 ACl'NliIe 29,3344 221,813,2 Employment by Industry Avitnge Annllal Wage. '001 Allindustrie. Nn.lral Resource & Mining Conlrtruclion Manufacturing Trade. Tranaportalion and Utilities Information Fln.nei.' Act/Viti.. Pro_aional & Business Services Education & HNI!:h Services Leisln and H08pit811ty OtMrs4lfVl<>>. Government AYerag.Annu"lI!:~r"*lt, "..C......... .... Collier County Florid. N.turill Resource & Mining Conltrl,ldlOn Manufacturing Trade, Transportation and Utiltie. Information FiOWlcial Activiti.. Profustonal & Buai"... Services Education & Health Services Lei,Ute and Hospitality Other .ervicet Government .,,, 17.3% 2.04% 17.8~,b 1.4% 5.9% 11.1% 10.7% 16.1% 3.6% 9.4% 1.2% 8.0% 5.1% 200010 2.1% 6.8% 16.9% 11.8% "4% 3.1% 1304% Labor Force lAbor FOfW.. PM:ent of Populltlon Aged 18 ."aOId... 1090 20aO 2006 Collier County 59.8%- 56.6% ~78% Florid. &4.4% El3."% &30% Financial Health pov..... com.rCounty Florida % 1Nin9 belOw povwty, 20004 a.8% 11.9% .,., ~ 0.17 1M"" below poverty, 20l)/l 13.8% 17.3% ~on'llnc:om. fSOOOe. Collier County Florida 00 $10,011,&70 $<157,539,355 2001 $11,061,84& $478.637,023 % change 2000-01 10.5% 4.6% 2002 $11,607,197 $495,439,345 % change 2001-02 .." 3.5% 2003 512,288,703 $514.377.&45 % chang. 2002-03 5.9% 3.8% 2004 $14,550,101 $584.9&7,488 % chang. 200~ 18.4% 9.8% 2005 $15,238,905 $604,131.000 "10 d'lange 2004-()S .,,, 69% Per C.plbi Pe...onll Incom. Collier County Florid. 2000 539.393 $28,607 2001 $41,608 129,266 % eft.. 2000-01 6.1% 2.7% 2002 $42.048 $29,702 % chlnge 2001-<12 06% 1.5% 2003 "'2,942 S30.21Kl % change 2002-03 2.1% 2.0% 2004 $49.043 $32,534 % chqe 2003-04 14.2% 7.4% 2005 $49,492 $34,001 % change 2004-05 0.9% 4.5% ~ BMkruptcy FilIng R.... (I*' 1,000 POPUIMlon) Collier County Florid. 2000 2.56 4.<405 200e 0<409 1.38 ...~e Rank e3 NA ~'" Florldl nll...bltlaoch..cIe Milmi.OIId.COIlMy{2000" 2001iJ.nd llIfl)'l'tt. cO"'"'Y (2OIJIonty) UnempkJyment Rate 1990 2000 2006 Colli" COunty 139,338 $HI,866 543,226 $41,355 $33,848 $53,321 $64,742 $46,474 $44,462 $26.476 528,210 $44,nO Comer COUnty 5.6% 3.7% 3,0% Earnings by Place of Work Elmlng. Csooo.) 2000 2001 % change 2000-01 2002 % change 2001-02 2003 % change 2002-03 2004 % cNnge 2003-04 2005 % change 2004-05 coau.r County 14,788,497 $5,170,197 8,0% $5,364,248 3.8% $6,008,228 12.0% 58,600,385 9.9% $7,352.256 11.4% Quality of Life EdUC8tiollllllUalnment Person. aged 21 Mtd old., % HS graduate or higher % bac:tlelor'l degree or higher Crime Crime rate, 200& (Index er'imes per 100,000 population) Admise!ofw, to prison FY 2005-06 AdmiuioJw to prison per 100,000 populatiOn Collier County 81.8% V.9% Co"'., County 2,319.2 <12 Stale and Local Taxation 126.1 2001 Ad V.lorem Mil. RIt.. County Schoo! Olher Total com., County 4,5375 155250 '.9085 1Ul710 ''VIZ Florid. $38,497 $24,174 $40,741 $45,121 535,310 $55,021 SS4,~74 $41,679 531,802 120.035 $28,976 $42,977 FlorId. 6.3% 3.8% 3.3% ...- $303,505,2&8 $315,308,617 3.9% $328,703,2.5 42% 5348,315,563 6.4% $373,719,075 7.9% S407.3e0,735 9.0% florida 79.9% 22.3% Florida 4,532.0 35,096 191.3 PIWpIMIly. F~l-vl~" ~ DfEQCII~~'ndo.rno~.eA""rdl , 11 W "HlI,," S\noII, all" 5,... "llaIl_...., H 3239"581 (ell) ",er,'.02 "~~I!!DR'''''_.lI.ul II ~'2OC7 . . . Southwest Florida Regional Economic Indicators January 2008 . Table of Contents Airport Activity......".",.............................,......... .....,............ ................... ....... ............... ........,........ ",............ 3 Single-Fam Ily Building Permits...,.........,..,.............................................................. ......, .......,........................ 6 Taxable Sales... ............,..... ".......,. ............ ........... .................. ................,. ......................"............ '..,.,............ 8 Workforce - Unemployment ..........................................." "..........."............................ ,. .... '.........".............. 9 Sales of Single-Family Existing Homes and Median Sales Price ......".."....,........."........................."...........11 Consumer Price Index...."..................... .......... .., ............ .......... .......... .....'........ .......... n............ .......... ......... 12 Popu latlon ...........,.................... ...................".. ............."...... ......................,.,..".. ................................. ....... 13 Contact List: . Dr. Gary Jackson, Director, Regional Economic Research Institute Phone 590-7317 Email; aiackson@facu.edu Ms. Carol Sweeney, Economist, Regional Economic Research Institute Phone 590-7327 Email; csweenevrii!facu.edu Mr. Jim Breitbach, Technical Support Introduction The Federal Reserve System (FED) caught most observers by surprise by announcing a large cut in interest rates on Tuesday, January 22, 2008. This was a larger reduction than had been anticipated and was announced between scheduled meetings of the Open Market Committee. In addition, the president and congress are working on stimulus tax cutting plan for the economy as well. The Fed action was a 75-basis-point reduction in the targeted Federal Funds Rate, lowering it to 3.5 percent. This is the fourth rate cut since September 18, 2007 and the FED's press release stated that there was concern about a deepening housing contraction and softening labor markets. Our regional economic indicator charts are showing the impact of the slowdown in the local economy in the form of lower retail sales, higher unemployment, lower levels of airport passenger traffic, and low permitting levels. The slow-down in the economy reflects lower housing and construction, lower durable goods sales, lower investment levels, tighter credit requirements, subprime loan issues, lower consumer confidence, and higher oil prices. The Fed expects inflation, which has been running about 4.1 percent, to moderate over the next several quarters but has indicated that it will be monitoring inflation closely. Higher levels of inflation would limit the FED's ability to lower interest rates, increasing the overall demand for goods and services. . 2 . We reported last month that Charlotte County Airport (Punta Gorda) has a new $5.5 million 16,000 square foot terminal and a new ultfa-Iow cost airline called Skybus. The airline is currently offering airline service to Columbus, Ohio and will initiate new flights to Greensboro, North Carolina, and Portsmouth, New Hampshire (Boston). We are working with Charlotte County to obtain and track the latest passenger activity numbers. . . The Regional Economic Research Institute (RERI) is continuing to develop the regional economic database and this report as a way to support its mission and assist the region. We are currently working on obtaining commercial permit activity and hope to add some tables to our report in our February release. The Institute thanks its many partners for assistance in obtaining the data, including the Southwest Florida Regional Planning Council, the Economic Development Organizations of Charlotte, Collier, and Lee counties, and the county and city permit offices. Airport Activity Airport passenger activity is defined as the number of arrivals and departures. Chart One illustrates the monthly seasonality of airport passenger traffic. Passenger numbers for Regional Southwest and Sarasota are shown on the left vertical axis and the numbers for Naples Airport are shown on the right vertical axis. Peak activity months are February, March and April during the winter season. Significantly lower activity takes place in the summer season, especially the period of June through September. Regional Southwest Airport (RSW) located in Lee County has seen very fast passenger growth since 1990 as shown by Chart Two. That growth has slowed and for the first time this year, we have seen the November 2007 activity fall below the November 2006 passenger activity. The November passenger activity increased relative to October levels due to the increase in our seasonal economic activity. Passenger activity for Regional Southwest was 651,495 in November 2007 which is slightly lower than the November 2006 activity level of 660,658 as shown in chart Two. A similar pattern exists for Sarasota with a November 2007passenger activity level of 118,451 compared to the November 2006 activity of 124,790. Naples activity remains low and we are working to obtain the passenger activity numbers for Charlotte County's aifport. 3 . Chart One r~ A1~ PII_nger Am""I. pi.. Dapo"..,.. (APF on R1ghllland _,.) '000 Ii 800 .. I 000 t 400 ~ 1 ~ c o Oec .-n Feb Mil" Arx MIy Jon ..u Aug Sep Oct N;w 2006 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 2007 C" ~ RSW(SWFL 1m') --+-SRQ (S~ra.OI.~~APF (Naples) : i I 4 ! : t J 1 ~ o . Source: lcx:al Airport Author~ie. Chart Two '200 RSW (SW Flo~'" Into....VOl1OII A1lllOrt PI_nger Tralll. Trand J 1000 BOO I SOD 400 I il 200 I 0 I Jon Fob .... A", ..." ..... .IU Aug Sop . Source: local Airport Authorities 4 ..:.i . Chart Three SRa (11.I_1 Airport Po_ngor Trollle TNnd -, 300 2SO j 200 j "'0 !I 100 ~ t so ~ 0 Jon ... .... """ Moy "'" .... ALv Sop 0::1 - ~ Source: Lace' Airport Author/ties . Chart Four N'F (No",", Airport pe_ngor Trollle Trond " ,. ,. 12 J 10 . !I . ~ i . I~ 2 I 0 Jon ... .... """ ... ...., L__. .---------- Source: Local Airport Author~le. . 5 . Single-Family Building Permits Single-family building permits issued fell to new lows in December for both Lee and Charlotte Counties. Collier County figures show an increase of permitting. The number of single-family building permits in unincorporated Lee County, as illustrated in Chart Five. fell to 56 for the month of December 2007. Single-family permits in Collier County, which are illustrated in Chart Six, increased to 57 for the month of December 2007. Charlotte County saw a decrease to 29 permits for the month of December 2007 _ see Chart Seven. Chart Five 1600 Single Family PennitlI Issued. Lee County :/IlOO.07 Monthly A.......llH for Each v..r; Moot Rlllcent 12 Monche o.tlI 1400 1200 . froJ J: 400 200 o ~ ~m1~~~~5~~.J~~M.A~M~J~~A~_~~yC~ AvAvAvAvAv~~Av 2~~~~~~~~~~~~ ------ ------------- --~-- Soume: Local Building and Zoning Departments, including Fort Myers. Cape Coral, and unincorporated Lee Counry Bonita Springs and Fort Myars Beach permits . 6 . )200 j 150 Chart Six 360 Single Family Permlla IAued - Collier County 2Dl104D07 Monlhly Awrageo; _lWcent 12 MonthIo 0... 100 300 250 50 o 2000 70012002200320001 2lXl!52COl!12<<f1 Av Av Av All All "'v Av Av J., FIItI M. Apr MIIY Jun Jut Aug e.p Oct Nov Oec 2fXJ1 2tX11 2<<Jl 2007 .2W7 ~ 2OU1 'lOO1 ~ 2OJ7 aorn I . Source: Local Building and Zoning Departments: includes unincorporated Collier County permits only. Chart Seven 11m j200 1I 150 1,00 300 Single Family PermIIB IAued - Charlott8 County 2001-2007 _I, Awrageo; _ RIo..nt 12 _0... 50 o ~~~~~~~ ~ ~ ~ ~ ~ ~ ~ ~ ~ Ii i . .. ~ ~ ~ ~ ~ ~ ~ I !j ~ ~ ~ , l ~ ~ ~ ~ ~ ~ 8 ~ ~ . Source: Locel Building and Zoning Departments; includes unincorporated Chartotte County pennits only, 7 . Taxable Sales Taxable sales are reported by the Florida Department of Revenue. We have adjusted the taxable sales charts to show the month of collection instead of the reporting month that is issued by the Florida Department of Revenue. This makes September 2007 the latest collection month plotted on Charts Eight and Nine. These figures are used to track consumer spending, and therefore are an important contributor to economic gfowth in the region. Taxable sales from September 2006 to September 2007 have declined 23.7 percent in Charlotte, 12.2 percent in Collier, 16.8 pefcent in Lee, 19.4 percent in Glades, and 9.6 percent in Hendry County. This indicates a general slowing of consumption spending in our local economy. September is a transition month so it will be interesting to see how much consumer spending is down for the winter season. We have modified Chart Eight this month to provide a comparison of average annual historical years to the average monthly sales for the most recent 12 months. Chart Eight . 1,200 . 1.000 , 3 eoo - ~ - eoo f .! 400 0 200 0 Monthly Taxable Sales 2000 to 2007 2lIOG-2OO8 Monthly AWNges; AWNge of M.- R8<lent 12 Months 2OCO 2001 200Z 2003 2004 2001 2001 Monthly Averaue. for Each Yea r . 2000 to 2008 AVIJ 0ct0I to Sep07 Source: Florida Department of Tax Research . 40 3S 301 251 . 201 - 151 10 5 o .-.J 8 . Chart Nine Taxable Sale. by Month 1400 ~ 1200 i 1000 3O!i , 2S~ 3 800 ~ .~ 201 ~ 600 , :: j ~ 400 ~ 200 5 0 0 ~ i i ~ ~ ... ... 9 ... ~ J 1 i 1 'l I ~ .., ..., u. .., . l___chartotte~Colller__~~....... Glades ...~... Her4 Source: Florida Department of Tax Research Workforce - Unemployment Unemployment rose in December for Charlotte and Lee Counties. Collier County unemployment remained stable while the unemployment rate in Glades and Hendry fell relative to last month. The seasonal demand for goods ands services would generally be expected to lower unemployment in December relative to November. However, Lee County saw the unemployment rate increase from 5.4 percent in November to 5.7 percent in December. Charlotte County's unemployment rate rose from 5.9 percent in November to 6.2 percent in December. Collier County's unemployment rate was unchanged at 4.7 percent in both November and December. Glades and Hendry Counties have seen their unemployment rates drop slightly to 4.6 percent and 6.9 percent, respectively, in December 2007. This compares to a national unemployment rate for December of 5.0 percent. Charts Ten and Eleven chart the unemployment rates for the coastal and inland counties for our region. Generally, unemployment fates above 4.5 to 5.0 percent reflect cyclical unemployment and a slowdown of the economy from long-run trends. . g . Chart Ten '-, SWFL Coastal County Unemployment RalH ("to) ~ Monthly Avelall_a; Moot Recent 12 Monlha Colli 7,0 8,0 M 4,0 3,0 2,0 1,0 2000 2001 2002 2003 2004 200! 200e 2007 Jon Fob M.r "IX" M.y Jun J. A"" Sop Oct No. D~ rtT .7 .7 rtT .7 rtT 07 07 .7 07 07 .7 Source: AWl . Chart Eleven SWFL Inland County Unemployment RalH ("I.) ~ Monlhly AVltlal!"> _ _nt 12 Monthe Colli 11.0 10.0 9,0 8.0 I 7.0 , 8.0 M 40 3,0 I , 2,0 2000 2001 2002 2003 2OG4 2005 200S 2007 Jon Fob 1\,1., APT M.-y Jun J. A... Sop Oct No, 000 07 f17 f17 07 07 fIT 07 07 07 fIT 07 07 . Source: AWl 10 . Sales of Single-Family Existing Homes and Median Sales Price The Florida Association of REAL TORS@ provides a summary of the number of existing home sales and the median price per month. Charts Twelve and Thirteen provide the latest trends for Lee and Charlotte Counties. In October, Lee County (Chart Twelve) saw a slight increase in both existing home sales, up to 405 units, and the median sales price, which increased to $239,300. We did not receive updated November data for Lee County by our deadline for issuing this report. The new November data for Charlotte County Thirteen) showed a slight decline in existing sales to 154 and the median sale price to $177,300. Current information for Collier County is not available, although the institute is working to see if similar information can be obtained for this report. We have been working with the Naples Board of REALTORS and hope to have new Collier County statistics and charts available for our next report. Chart Twelve Lee County Existing Single Family Home Sales by Realtors 1200 $350 . 1000 S300 ~50 J : t aoo ',!' I ~ 600 i J 400 I I 200 , 0 ~ IJi I ~ ~ i I ~ J i l f I ~ .~ ~ ~ II ~ J ~ II.-.J $200 , S '1: Do $150 ! $100 .1 I $50 Source: Florida Association of REALTORS, Fort Myel1l - Cape Coral MSA, . 11 . . . Chart Thirteen C'-loCl8 County ExI8tIng Single FlIIrily HornI SeIe. by Realtors 450 400 HI '250 $200) . "50 ~ i $100 ! i $60 I O~~~~~~~~~~~~~~~~~~~~~~~LJ~IO I ~ ~ ~ ~ ~ I ~ ~ ~ _~ 8 ~ ~ ~ ~ ~ ~ I ~ ~ U~~ 350 1300 .t2SO )200 1'50 '00 so Source: Florida Association 01 REALTORS, Punta Gorda, Florida MSA. Consumer Price Index The Bureau of Labor Statistics (BLS) collects data monthly on the cost of a fixed basket of consumer goods at the national and regional levels, but only every six months at many local locations. The closest local location for the CPI data is for the Tampa/SI. Petersburg area. Chart Fourteen provides a summary of the changes observed since 2000. Several trends are of interesl. First, consumer prices in the Southern region of the United States are less than the national price level for the period from 2000 to 2006. Secondly, the Tampa/51. Petersburg consumer prices have increased at a faster rate than the nation. 12 . . . Chart Fourteen I Con......' Prtcelndex - Annual Data (Y.., 2000. 100) 130 -4- T.,-pe.Sl, -...burg-OeIIrwote<, FL (MSA) --- us - South Rlgion . 125 __us * South Rogion: A-.v. Arl<Iono... Dolawore, Oolriel of Cc>urrtJio, _. Georgio. Kentucky, 120 Lcuioiona. !.tlrylond, "'...../ppl.1bth CllroI.... OkIlIhorre. South Cllrolna. Teo__. Tex.., Vlrginilil, and \l\Mt Vi'ginjll. 5115 110 105 100 I 2007 J _~"'thalf 2000 2001 2002 2003 2004 2005 2006 Source: BLS Population A Florida Demographic Estimating Conference was held and the new official population forecasts were released in late August 2007. Charts Fifteen and Sixteen show the historic population growth from 1990 to 2006. Charlotte County has seen significant population growth between 1990 and 2006. Collier County has grown at an even faster rate from 1990 to 2006 and Lee County doubled its population from 1990 to 2006. As indicated in Chart Sixteen, Glades and Hendry Counties have had lower rates of population gfowth. Table One and Chart Seventeen show the new projected population increases for 2007 to 2030. Charts Eighteen through Twenty provide the regional percentages of population by County for the years 1990, 2006, and 2030. 13 ; . After evaluating the demographic data above, it is clear that we have experienced tremendous growth over the past 30 years and all signs point to the continued long-term growth of the area. Having said that, the growth will not be as large due to a number of factors such as: . Build-out - suitable land for construction has become scarce . Restrictions - building codes and hurricane restrictions may limit the expansion of some areas . Costs - both the convefsion of land and construction costs continue to escalate as well as insurance costs upon completion . Climate - hurricane fears may limit area demand . Population Tree - as the population ages and the baby boomer population passes through the age of retirement, there is a smaller cohort to follow. Chart Fifteen 700 H1ltorlc Populetlon Growlh Charlolbt, Collier, end Lee Countie. . 600 J: . 8= i i 0..200 lOll o 1990 1991 1992 1 Sl93 ,_ 1995 1996 1997 1998 1999 2000 2001 2002 2003 20004 2IlO5 2006 Source: Florida EDR: Demographic Estimating Conference Database, Updated August 2007, . 14 . Chart Sixteen ~---I I I I 45 ~c Popul.aon Olowth G1.de. .nd Hendry Couna.. 40 35 J: j20 115 10 5 . o , L~~~1 1992 1993 1994 1996 1996 1992-~il96 _1~ 2000 2001 2002 20032004 2005 2006 I Source: Florida EDR: Demographic Estimating Conference Database, Updatad August 2007, Table One New EDR Demographic Estimating Conference I p Population Est mates and rojections by County Year Charlotte Collier Lee Hendry Glades 2007 164.653 331,948 615.999 39,668 11,060 2010 175.389 379.226 676,531 41,410 11.613 2020 208,615 497,512 881,734 47,635 12.598 2030 235,855 598.519 1.053,932 52,885 13,368 Source: Florida EDR: Demographic Estimating conference Database, Updated August 2007. . 15 , . Chart Seventeen r: . j li- U t<OO J! U200 1200 Popullltlon Growth Projections o I I 601 :1 . ;; - 20Ji 10 o . Source: Florida EDR: Demographic Estimating Conference Database, Updated August 2007. 2006 actual 2010 2015 2020 202e 2030 r=:- Charlolle --- Collier ____-lee n.... - Gl.ades n .~._.~~ Chart Eighteen Population DIsb1butlon by County - 1990 . Collier 24% o Glades ,% . Charlolle 18% . Source: Florida EDR: Demographic Estimating Conference Database, Updated August 2007. 16 . Chart Nineteen Population DilItribution by County. 2006 . Cha1ctte 14% . ColI;' 29% a Glades 1% a Hendry 3% . Source: Florida EDR: Demographic Estimating conference Database. Updated August 2007. Chart Twenty I I I . O1a101le 12% Population DIsb1butlon by County. 2030 . Collier 31% a Glades ,% L_______ . Source: Florida EDR: Demographic Estimating conference Database, Updated August 2007, 17 .\'. .,,' "., ','+ " .n, '; ...., "" . :~;~. \., ". ! ' / " , !;i " " L, ~\' ~ , " ,.:.' J. ", ('oJ e 1:>> !.- CU <D >- Cf) I !.- o c.8 ..- r- oCU C "'0 :;::;u cu.- .0 ~ _ "0 <D 0... \V ::J C Cf)!.- Cl. 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