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Key Takeaways... <br /> • Moderate population and household growth compared to last two decades <br /> • Population is aging and will impact alternative housing types <br /> • Strong household incomes I +15%higher than Metro Area average <br /> • Unemployment rate continues to decline I Elk River is a job exporter(slightly) <br /> • New construction activity improving; but one-quarter of peak years(2000-'05) <br /> • Strong rental &senior markets I low vacancy rates I pent-up demand <br /> • For-sale market rebounding from downturn (+60%in pricing since 2011) <br /> • Lender-mediated properties only 12%today(vs.70%2009-'11) <br /> • New SF construction targeting move-up buyers($250k+) <br /> • Lot inventory is dwindling; new lots need to be platted <br /> • Demand for most housing types this decade&beyond <br /> i Maxfield <br /> Questions & Comments <br /> Contact Information: <br /> Brian Smith <br /> Maxfield Research&Consulting <br /> 612.904.7970 <br /> bsmith @maxfieldresearch.com <br /> 0 <br /> V� Maxfield <br /> 12 <br />