BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 5
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3 Boston/New England
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5 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 5
6 6 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce
7 90,000 Working Households by Income and Income Group, Metro Boston, ,000 70,000 Number of Households 60,000 50,000 40,000 30,000 20,000 10,000 0 Extremely low income Very low income Low income Lower middle income Upper middle income High income BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 7
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12 Study Area Communities Boston Inner Ring Metro Boston (consistent across years) Metro Boston (inconsistent across years) Miles Da D t o a cu s m o e u nt rc P e at s h : : U K:. \ S Ḋa C ta e S n e s r u v s ice P s u \ b Pr li o c jec U ts s \ e Cu M rr i e c n r t o _P A ro r j e ec a ts s \U 1 L 9 I - 90 W, o 2 rk 0 fo 0 rc 0 e, h 2 o 0 us 1 in 0 g, \p M ro a je s c s t_ G f I il S es\uli_geographies.mxd 12 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce
13 Change in Number of Working Households by Income Category, Metro Boston, , , , ,000 80,000 60,000 33% 40,000 20, % 46% 15% 0-20,000-1% -4% Extremely low income Very low income Low income Lower middle income Upper middle income High income 15% 10% 5% 0% -5% -10% -15% -20% Change in Middle-Income Households, by Type and Location, Metro Boston, % -16% -10% Regionwide: -11% Family households with children Regionwide: +3% -12% -10% 12% Single-person, nonfamily, and zero-child households Boston Inner Ring Rest of Metro Boston BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 13
14 Installation, maintenance, and repair Business operations specialists Architecture and engineering Farming, fishing, and forestry Office and administrative support Health care support Building and grounds maintenance Sales and related Construction and extraction Production Transportation and material moving Food preparation and serving Personal care and service Protective service Legal Life, physical, and social science Community and social services Computer and mathematical Education, training, and library Management, business, science, and arts Health care practitioners and technical Occupational Group Change by Household Income Group, Metro Boston, ,000-80,000-60,000-40,000-20, ,0004 0,0006 0,0008 0, ,000 Extremely low income Very low income Low income Lower middle income Upper middle income High income Decline in core middle-income occupations Low-income growth, middle-income decline Disproportionate lowincome growth Disproportionate high-income growth 14 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce
15 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 15
16 50% 40% 30% 20% 10% Middle-Income Housing Cost Burden, Metro Boston, % 46% 41% 29% 26% 27% 50% 40% 30% 20% 10% Homeowner Housing Cost Burden by Location, Metro Boston, 1990 vs % 20% 29% 45% 47% 43% 0% Lower middle cost burden Upper middle cost burden 0% Boston Inner Ring Rest of Metro Boston Boston Inner Ring Rest of Metro Boston 16 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce
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18 18 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce
19 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Property Transactions by Unit Type, Affordability, and Location, Inner Core Regional Urban Centers Maturing Suburbs Developing Suburbs Unaffordable condominiums Unaffordable single-family Affordable condominiums Affordable single-family BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 19
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25 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 25
26 26 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce
27 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 27
28 28 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce
29 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce 29
30 30 BUILDING FOR THE MIDDLE: Housing Greater Boston s Workforce
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32 Thank you to our supporting sponsors: Bruner/Cott & Associates, Inc. Clarion Ventures, LLC CohnReznick The Community Builders The Davis Companies DiMella Shaffer Federal Realty Investment Trust Hines Hunt Mortgage Group ICON Architecture Lendlease Mill Creek Residential National Development Nauset Construction New England Development The Architectural Team The Noannet Group Perkins & Will Pritzker Realty Group RKG Associates Schochet Companies Traggorth Properties MAPC Research Team: Tim Reardon Jessie Partridge Meghna Hari Karina Milchman Matt Gardener Amy Dain, Dain Consulting MAPG METROPOLITAN AREA PLANNING COUNCIL Sm rt Growth I 1h qlonal Coll boration With support from Barry Bluestone, Dukakis Center, Northeastern University Thank you to our report sponsors: Companies {) CoStar Eastern Bani< THE ARREN Since GROUP 1872 Real Estate & Financial Information
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