Agenda 03/04/2008 W
BCC
WORKSHOP
AGENDA
STRA TEGIC
PLANNING
MARCH 4, 2008
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COWER COUNTY
BOARD OF COUNTY COMMISSIONERS
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AGENDA
Man:h 4, 2008
9:00 AM
BCClSlndeglc Planning WOIbhop
County Commlnlon Boardroom
3'" Floor-W. Harmon Tumer Building
Tom Henning, BCC Chairman Commiaaloner, DIatrict 3
Donna Fiala, BeC VIce- Chairman Commlnloner, DIatrlct 1; CRAB Chairman
Jim Col-. BCC Commlaalonar, DIatrlc1 5; CRAB Vice-Chairman
Frank Hal.., BeC Commlnlonar, Dlatrlcl2
Fred W. Coyle, BeC Commlaa_, ~trIc14
NOTICE: ALL PERSONS WISHING TO SPEAK ON ANY AGENDA ITEM MUST REGISTER PRIOR
TO SPEAKING. SPEAKERS MUST REGISTER WITH THE COUNTY MANAGER f!BJQB. TO THE
PRESENTATION OF THE AGENDA ITEM TO BE ADDRESSED. ALL REGISTERED SPEAKERS
WILL RECEIVE UP TO THREE (3) MINUTES UNLESS THE TIME IS ADJUSTED BY THE
CHAIRMAN.
COWER COUNTY ORDINANCE NO. 2003-53, AS AMENDED BY ORDINANCE 2OCJ4.45 AND 2007.
24, REQUIRES THAT ALL LOBBYISTS SHALL, BEFORE ENGAGING IN ANY LOBBYING
ACTIVITIES (INCLUDING, BUT NOT UM/TED 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 DISABlUTY 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 FACIUTIES
MANAGEMENT DEPARTMENT LOCATED AT 3301 EAST TAMtAMI TRAIL, NAPLES, FLORIDA,
34112, (239) 252-8380; ASSISTED USTENING DEVICES FOR THE HEARING IMPAIRED ARE
AVAILABLE IN THE COUNTY COMMISSIONERS' OFFICE.
1. P1adga of Allegiance
2. Dlacunlon regarding the Strataglc Plan of CoIUer County
3. Public Comment
4. AdJoum
Collier County: News Releases
News Releases
.
Feb. 26 - BCC/Strategic Planning Workshop
Posted Date: 2/26/2008
FOR IMMEDIATE RELEASE
NOTICE OF PUBLIC MEETING
BOARD OF COUNTY COMMISSIONERS
STRATEGIC PLANNING WORKSHOP
COLLIER COUNTY, FLORIDA
TUESDAY, MARCH 4, 2008
9 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 floor of the W. Harmon Turner Building, Building F, Collier County
Government Center, 3301 E. Tamlaml Trail, Naples.
;The meeting Is open to the public,
I
'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 available In the 80ard of County
,Commissioners Office.
For more Information, call WInona Stone In the County Manager's Office at 252-8383.
-End-
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http://www.colIiergov.netlindex.aspx?recordid=41 19&page=18
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Page 1 of I
2/27/2008
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Co~T <;A>>t.nt;y
Board of County Commissioners (BCC)
~trategy>Map
flWUJ
[jiJ ~.. ..
rEconomlc
~_evelopmenl
Growth
Managemenl
Community
Haallh and
Human
Services
Mobility
.!~m. '.....uh ... .
,. ,...
",W.". .. ." "".., '. ...
~",.' .'" ':j'C" ,...', ",', .,' "'>'.' "', : .<,'~.:, "'.~' .'
Preserve Enhance Safety
Neighborhoods & Security
Safeguard the
Environment
Serve those in
need
Provide Travel
Options
Diversify
Financial
Resources
Offer Value
Added
Services
Leverage
Financial
Resources
Manage
Community
Growth
Enhance
Services and
Facilities
Maintain
Compliance
Develop
Collaborative
Solutions
Recruit the
Right People
Develop Skills
and
Competencies
Retain and
Recognize
Promote
Opportunities
and Challenges
CoN;., County Maneger'.
SIIP_
STEP-UF Project Team Pq$ter Series Number 1-2007
Local
Governance
Promote
Economtc
Development
Develop
Engaged
Citizenry
BCCil!
e,:,_
4t:ollier County
Florida's 15th mosl populous county
wllh 1.8% of Florida's populalion
POpulation
(Census, Estimate, & Projections)
1980 Census
1990 Census
2000 CensU8
% change 1990-00
2006 Estimate
% change 20Q0..{)6
% Of change due to net migration
2007 Estimate
% change 2000-07
2010 Projection
% change 2006-1 0
2015 Projection
%cI1ange2010-15
Population
Collier County
85,971
152,099
251,377
65.3%
326,658
29.9%
90.3%
333,856
32.8%
379,200
16.1%
440,100
16.1%
% of 2006 population
. Under18yearsofage
Over 64 years of age
Median age (2000)
Persona per square mile (20OS)
203%
23.6%
404,'
161
Households and Family Households
Florida
9,746,961
12,938,071
1S,S82.824
23.5%
18,349,132
14.8%
88.7%
18,680,367
16.9%
19,974,200
8.9%
21,831,500
9.3%
22.4%
17.2%
38.7
340
Households Collier County Florida
Total households, 2000 Census 102,973 6,338,075
Total househOlds, 2008 131,450 7,291,013
% change 2000-06 27.7% 15.0%
Family households, 2000 Censu!l 71,264 4,210,760
"10 wit/1 own children under 18 32.8% 42.3%
AccordinltoC~nSUJ delinitlorll, ehol.lSeholdlnCludBJallolthepeoplewhoocclIPYahouSinllJnll. The
QCclJj>>nb may b~ a linlle family, one perlon livinlalone, two Or mor~ famHie. livln.1o.ether, or "IV other
,roup of rlllated or unrelltBd people who 5hafllllvilll quarters. A flmlly IIl(Iudes a householder InQ onll or
more other people livlnl in the ume household Who Ire related to the householder by birth, mlltrl',e, or
IdoptK)n
Existing Single-Family Home Sales
Percent Change In Hom.. Sold
2001-02
2002-03
2003--04
2004-05
2005-06
com~r County
19.9%
11.7%
16.0%
3.7%
-40.9%
Percent CtNmge in Meet"n Sal., Price
2001-02
2002-03
~03-04
04-05
2005-06
11.9%
12.7%
28.4%
29.8%
0.0%
Florida
9.9%
13.1%
10.7%
2,5%
-27.6%
86%
11.8%
17.1%
29.2%
5.8%
Note: Home sates dati are CllcullteQ for Metropolltall Stlt~tlClI Aree. (M:)As). DIU showl'l here reflect the
....Iue for thll MSA III wtlich the county II loc.ted
Housing
Houllng Counts
Housing units, 2000 Census
Occupied
OWner--OCCUpied
% owner-occupjed
Renter-OCCUpied
% renier-occupied
Vacant
% vacant
Collier County
144,536
102,973
77,825
75.6%
25,148
24.4%
41,563
26.8%
Florida
7,302,~7
6,337,929
4,441,799
701%
1,898,130
28,9%
965,018
13.2%
Hou'lng 5t1tb
2000
2001
% change 2000-01
2002
% change 2001-02
2003
% change 2002-03
2004
% change 2003-04
2005
% change 2004-05
2006
% change 2005-06
Total housing starts 2000-2006
Collier County
6,255
7,546
-8.6%
6,248
-17,2%
6,344
1.5%
6,336
-0.1%
8,033
-48%
5,473
-9.3%
46,235
florida
160,721
188,049
4.6%
186,753
10,5%
215,250
15.9%
252,539
17.3%
283,576
12.3%
213,199
-248%
1,479,087
State Infrastructure
Tran.porbIUon Collier County Florid.
State Highway
Centerline Miles 206.1 12,066.9
lane Miles 6499 42,022.1
State Bridges
Number 211 6,503
State Facllttl.. Collier County Florida
BuildingsIFacilities
Number 16 3.644
Square Footage 250,724 55,104,747
Byte Lind. Colli.r County Florid.
Conservation Lands
Parcels 20,608 35,931
Acreage 210,140.9 3,343,542.3
Non-Conservation lands
Parcels 631 6,238
Acreage 29,334.4 221,813.2
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Collier County
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Averaga Annu.1 Employment,
% by Category, 2006
Natural Resource & Mining
Construction
Manllfacturing
Trade, Transportation and Utilities
Informatioo
Financial Activities
Professional & Business Services
Education & Health Services
leisUte and Hospitality
Other services
Government
lebor Force.. Percent of Population Aged 18
and Older
1990
2000
2006
Financial Heallh
Employment by Industry
Average AnnLdlI Wage.
200<
All industries
Natural Resource & Mining
Construction
Manufacturing
Trade. Transportation and Utilities
Information
Financial ActiVities
Professional & Business Services
Education & Health Services
Leisure and Hospitality
Other services
Government
Collier County
Florida
41%
17.3%
2.4%
17.8%
1.4%
5.9%
11.1%
10.7%
16.1%
3.6%
9.4%
'.2%
8.0%
5.1%
20,0%
2.1%
6.8%
16.9%
11.8%
'1.4%
3.1%
13.4%
Labor Force
Collier county
59.8%
56.9%
578%
Florida
64.4%
63.4%
63.0%
Poverty Coiner County Florida
% living below poverty, 2004 88% 11,9%
% ages 0-17 Ji'ling below poverty, 2004 13.6% 17.3%
.,..onallnc::ome {sooo.. Collier County Florida
00 $10,011,970 $457,539,355
2001 $11,061,849 $478,637,023
% change 2000-01 10.5% 4.6%
2002 $11,607,197 $495,489,345
% change 2001-02 '9% 3,5%
2003 $12,288,703 $614,377,645
% change 2002-03 5.9% 3.8%
2004 $14,550,101 $564,997,468
% change 2003-04 18.4% 9.8%
2005 $15,236,905 $604,131,000
% ct!ange 2004-05 47% 8.9%
Per Caplt. Personal Incom, ColI.r County Florida
2000 $39,393 $28,507
2001 $41,808 529,266
% change 20OQ..Q 1 6.1% 2.7%
2002 $42,048 $29,702
% change 2001-02 06% 1.5%
2003 $42,942 $30,290
% change 2002-03 2,1% 2.0%
2004 $49,043 $32,534
% change 2003-04 14.2% 7.4%
2005 $49,492 $34,001
% change 2004-05 0,9% 4,5%
Personal Bankruptcy FIling Rate
(per 1,000 POPUhttlon. Collier County Florklll
2000 2,56 4.45
200B 0.49 1.38
...~te Rank 63 NA
~l" Florid. numberiexcJudlMi.mi-o.dICounty(2000& 2006J,ndlllflyetteCouoty(2006onlyl
Un.mp~m"nt Rate
1990
2000
2006
Colli. County
$39,338
$19,986
$43,226
$41,355
$33,848
$53,321
$64,742
$46,474
$44,462
$26.476
$28,210
$44, no
Comer COUnty
5.6%
3.7%
3.0%
Earnings by Place of Work
earnlnga ($OOOs)
2000
2001
% change 2000-01
2002
% change 2001-02
2003
% change 2002-03
2004
% change 2003-04
2005
% change 2004-05
Collier County
$4,768,497
$5.170,197
8,0%
$5.364,248
3.8%
56,006,228
12,0%
$6,600,385
9,9%
$7,352,256
11,4%
Quality of Life
Educational attainment
Persona aged 25 and older
% HS graduate or higher
% bachelor's degree or higher
Crime
Crime rate, 2006 (Index crimes per
100,000 population)
Admissions to prison FY 2005-06
Admissions to prison per 100,000
population
Collier County
81.8%
27,9%
Collier County
2,319.2
.,2
Slale and Local Taxation
126.1
2006 Ad Vllloteln Millage Rites
County
Schoo!
Other
Tolal
Collier County
4.5375
55250
1.9085
119710
Page 2
Florid.
$38,497
$2<4,174
$40,741
$45,721
$35,310
$55,021
$54,474
$41,679
$38,802
$20,035
sa,976
542.977
Aorida
6,3%
3.8%
3.3%
Florida
$303,505,288
$315,309,817
3,9%
$328,703,245
42%
$346,315,563
5.4%
$373,719,075
7.9%
$407,3e0,735
9.0%
'Iorlda
79,9%
22.3%
Frorida
4,632.0
35,098
191,3
Pl'llpal'lldby:
FlQridlL'IiIIIIMUra
OffICI 01 E<::onomic and OemcvraPhic Reallreh
111 W Michon StrMt, Suh 574 hll,h..H, FL 32399--6588
(850)4e7-1402 htlp:lfEDR.IIlIII,llUI
Ii
Dlcln'lber2007
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Southwest Florida
Regional Economic
Indicators
January 2008
. Table of Contents
Airport Activity................................................... .................. .......................... ............... ................. ............... 3
Single-Fam i1y Building Permils........................................... .................. ........................ ................................. 6
Taxable Sa les..................... ............... ....................................................... .............. ...................... .................. 8
Workforce - Unemployment .............. ..... ......... ................................................... ......................... ................ 9
Sales of Single-Family Existing Homes and Median Sales Price ..................................................................11
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Consumer Price Index...."................. '... .......... .., ............ .......... .......... .............. .........,..............., ........ ......... 12
Popu lation ........................................ ............................................................................... ............................ 13
Contact List:
Dr. Gary Jackson, Director, Regional Economic Research Institute
Phone 590-7317 Email; qiackson@fqcu.edu
Ms. Carol Sweeney, Economist, Regional Economic Research Institute
Phone 590-7327 Email; csweenev@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 ultra-low 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 airport.
.
3
.
Chart One
J'~
(:
Airport Pa_ngar Arrtvals pi,. Departures
(APF on RIght hand .,..Ie)
: i
1000
iii 800
..
I 800
J 400
I!.
~
{ ~
c
4 i
: j
J
1 ~
o
o
Dee Jan Feb IYW Apr MIy Jon ..u Aug Sap Ckt N:>v
2006 2007 2007 2007 2007 2007 2007 2007 2007 2!J07 2007 2007
L" ~ RSW(SWFL Int'l) -+-SRQ (Sarasota) -.-APF (Naples)
.
Source: Local Airport Aulhorfties
Chart Two
1~
RSW (SW Flo~da l..matiOllllI) Airport PI_nger Trallle Trand
J
1000
BOO
I BOO
J 400
t
t
I~ 200
I 0
I Jon Fob .... A", Moy ....., .IU Aug Sop Oct
.
Source: Local Airport Authorities
4
.1
.
Chart Three
SRQ (Sa_I Airport Pa_ngor Tnomc Trend
-,
:lOO
Jon
Fob
"'"
"'" .... ....,
...
Aug Sop
Oct
Nav
~
250
I 200
~
1'~
!l 100
g,
.
J
~
~
o
.
Source: Local Airport Authorities
Chart Four
18
APF (Nlpln) Airport P._nger Traftle Trend
18
1 14
o 12
(:.
~ 10
f 8
!
!l 6
Q.
j 4
I~ 2
I 0
.Ian Fob ..... "'" .... ....., ..... Aug
L_..
Source: Local Airport Authorities
.
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
1400
1200
. fooo
~ 600
i 600
400
200
Single Family Permits Issued - Lee County
2lJOO.07 Monthly Average. for Each Year; MooIl Recent 12 Months Data
o ~I
~~1~~~~~~.J~~M~A~M~J~J~A~_~~vD~
Av Av Av Av Av A.V_AY Av ._~OO.7.~07 2007 2007 2(107 2007 2007 2007 2~~ 2007 2~7 20:7
--"'--~~~~-""---"-- _.~.
Source: Local Building and Zoning Departments, including Fort Myers, Cape Coral, and
unincorporated Lee County Bonita Springs and Fort Myers Beach permits
.
6
.
Chart Six
350
Single Family Permifa IHued - Collier County
2OOO-2lI07 Monthly Averagea; Moot Recant 12 MonthIIllBla
50
200) 2001 2002 2003 2(I(M 2006 2006 2007
All Av Av Av All Av All Av
300
250
J200
'150
100
o
J., Fl!Ib Mar Apr MIllY Jun JuI Aug Sap Oct Nov Dee
2W1 2OC17 2W1 2007 .2007 2007 .~~~ 2007 2001 I
.
Source: Local Building and Zoning Department5; includes unincorporated Collier County permits only.
Chart Seven
300
Single Family Pennils Issued - Charlotte County
2001-2007 Monthly Averagaa; Moo! Recant 12 Months llBla
250
~ ~ ~ ~ ~ ~ ~
~~~~l.!i~
~ ~
~ ~
~ ~ ~
~ ~ ~
;;) ~ ~
l!200
l
..
I
,
z
150
100
50
0
~ ~ ~ ~ ~ ~ ~
8 ~ 8 ~ m ~ ~
8 ~
N N N
. Source: Local Building and Zoning Departments; includes unincorporaled Charlotte County permils 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
growth 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 percent 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
l
. 1,200
. 1.000
,
.5 800
-
.I
II
0
- 600
j
.! 400
0
200
0
Monthly Taxable Sales 2000 to 2007
2000-2006 Monthly Averages; Average of Mo.t Recent 12 Montha
40
35
30~
251
,
201
-
15J
101!l
5
2000
2001 2002 2003 2004 2006
Monthly Averages for Each Year - 2000 to 2006
o
2006
Avg 0ct06
to SeP07_J
Source: Florida Department of Tax Research
.
8
.
Chart Nine
Taxable Sales by Month
1400
c 1200
~ 8
:i 1000 30=
,
~ 25~
BOO ~
.~ 20 I
~ 600
15 -
- .
~ 400 10 i
i i5
6 200 5
0 0
~ ~ j i:5 .... .... .... I .... ~ J ....
0 2 i 0 1
~ -i c
~ ~ ..,
z ..., u. ..,
.
1___ Chartotte__..cOlller -- Lee .. ..... Glades .. .~... Herd~
Soun;e: Florida Department of Tax Resean;h
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 rates
above 4.5 to 5.0 percent reflect cyclical unemployment and a slowdown of the economy
from long-run trends.
.
9
.
Chart Ten
7.0
6.0
5.0
4.0
3.0
2.0
1.0
SWFL Coastal County Unemployment RaIBs (%)
2000-2007 Monthly Averages; Moot Recent 12 Months Data
2000 2001 2002 2003 2004 2005 2OOl5 2007
Source: AWl
.
Chart Eleven
11.0
10.0
9.0
6.0
I 7.0
, 6.0
5.0
4.0
3.0
I
. 2.0
Jan Fe Mar Apr May Jun JuI Aug Sep Oct Nov Dee
W ~ W W W W W ~ W W W W
SWFL Inland County Unemployment RaIBs (%)
2000-2007 Monthly Averages; Moot Recenl 12 Months Data
.
Source: AWl
2000 2001 2002 2003 2004 2005 2008 2007
Jan Feb Mlilr Apr Mil)' Jun JIJI Aug Sep Oct Nov Dee
W W m w m m w m w ~ @ W
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
$300
'll
$250 j
~
$200 '
S
'I:
D.
$150 II
~
$100 .!!
I
..
IS
I J 800
'~
I ~ 600
'II
I ~ 400
I
I 200
. 0 $0
I ~ll ! ~ ~ II ~ II ~ II ~i I ~.III i i II.~
$50
Source: Florida Association of REALTORS, Fort Myers - Cape Coral MSA,
.
11
.
.
.
Chart Thirteen
Charlotte County ExIstIng Single Farrily Home Sale. by Realtors .1
450 $250
.!'250
"
~200
1'50
400
350
j300
100
50
$200 i
$150 ~
Il
.~
II.
..
$100 ~
~
.
$50 I
O~~~~~~~~~~~~~~~~~~~~~~~LJ~ $0 I
~ ~ ~ ~ ~ I ~ ~ ~ J 8 ~ ~ ~ ~ j} I ~ :ll .tllJ
Source: Florida Association of REALTORS, Punta Garda, 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/SI. Petersburg consumer prices have increased at a faster rate
than the nation.
12
.
.
.
Chart Fourteen
I
130
5115
Source: BLS
Population
Con..mar Price Index - Annual Data (Year 2000. 100)
126
__Ta.",...St. Flltersburg-Oearwater, FL(MSA)
--+- US - South Region .
__US
120
* South Region: Alabarru, Arkansas, Delaware,
[lstriet of CoIun1Jia, Florida, Georgia, Kentucky,
Louisiana, Mlryland. P.tsslssipp;, I'brth ClIr<>ina.
OdahorrB, South Carolina, Tennessee. Texas,
Virginia, and \/\est Virginia.
110
105
100
I
2007 J
._ti"'lhalf
2000
2001
2002
2003
2004
2005
2006
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 growth. 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 conversion 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 Population Growth
Charlolle, Collier, and Lee Counties
.
600
J:
,
8:300
i
'S
g.
Q,2OO
100
o
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2005
Source: Florida EDR: Demographic Estimating Conference Database, Updated August 2007.
.
14
I
.
Chart Sixteen
H..tonc PopulaUon Growth ---~-I
Glades and Hendry Counaes I
I
I
45
5
40
35
"ll3Q
J 25
c
j20
~
115
10
.
I 0 ,
L~~~1 1992 1993 1994 1995 1996 199~~996 ,1999 2000 2001 2002 20032004 2005 2006 I
Source: Florida EDR: Demographic Estimating Conference Database, Updated August 2007.
Table One
New EDR Demographic Estimating Conference
Population Estimates and Projections 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
e'OOO
1800
,
j
~600
f
"
t400
!
"200
1-
1200
Population Growth Projections
o
I
I
601
:j
,
~,
~I
-
20Ii
t3
10
o
.
Source: Florida EDR: Demographic Estimating Conference Database, Updated August 2007.
2005 actual 2010 2015 2020 2025 2030
FChar10tte --+-CoIlier __L;;;,~... Glades ......~~
Chart Eighteen
Population Distribution by County - 1990
. Collier
24%
CJ Glades
1%
. Cha~otte
18%
.
Source: Florida EDR: Demographic Estimating Conference Database, Updated August 2007.
16
-----1
.
Chart Nineteen
. Chlir1ot1e
14%
o Hendry
3%
Population Distribution by County - 2006
. Collier
29%
o Glades
1%
.
Source: Florida EDR: Demographic Estimating conference Database, Updated August 2007.
Chart Twenty
I
I
I
Population Distribution by County - 2030
. Collier
31%
o Glades
1%
. Chlir1011e
12%
o Hendry
3"A.
L______
.
Source: Florida EDR: Demographic Estimating conference Database, Updated August 2007.
17
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