There's a new local survey of employers asking about housing’s availability, condition and affordability and its impact on their ability to attract and retain workers. The survey was created by the Vermont Housing Finance Agency, the Vermont Association of Realtors, Vermont's Department of Economic, Housing and Community Development and the Greater Burlington Industrial Corporation.
Data and Statistics
Vermont 2-1-1 assesses first year of responding to after-hours calls for emergency housing
After one year of entering into a contract with the Agency of Human Services to cover the after-hours emergency housing assistance, more than 1,300 calls were received by Vermont 2-1-1. Of these requests for after-hours emergency housing, 329 callers were eligible for housing assistance. Alternate shelter was found for 451 of the remaining 1,015 callers who did not qualify for emergency housing. The majority of requests for emergency housing are from single individuals.
Vermont economy recovering amidst global and national challenges
Vermont's econonomy outperformed the U.S. during the past 12 months, with tax revenues that exceeded projections by 2.5%. Nevertheless, state economists cautioned the legislature and administration of the risks here in Vermont should national policy makers fail to reach an agreement about raising the U.S. debt ceiling.
Home prices in Vermont will likely continue to decline slightly during the next 3 months, the economic report to the legislature explained. After that, Vermont's real estate market is likely to begin "an extended period of very low price appreciation."
Rising home prices helps owner's kids earn more
Research shows a new way of considering the impact of rising house prices: higher prices mean higher incomes for existing homeowners’ children as they age. Unfortunately, the increase in prices also reduces the earning levels of renter’s children in the future. “The results show that a 1 percentage point increase in house prices, when children are 17-years-old, results in roughly 0.8 percent higher annual income for the children of homeowners, and 1.2 percent lower annual income for the children of renters,” the report states.
New Local-Level Information from 2010 Census for Vermont Released
Yesterday the U.S. Census Bureau released new, detailed demographic information for Vermont.
This information includes the most detailed counts available so far from the 2010 Census, including cross-tabulations of age, sex, households, families, relationship to householder, housing units, detailed race and Hispanic or Latino origin groups, and group quarters. The statistics are available for a variety of geographic areas, with most tables available down to the neighborhood block level.
Neighborhood Census 2010 data coming next week
Next week, the U.S. Census Bureau will release the most detailed information available so far from the 2010 Census, including tables on age, sex, households, families, relationship to householder, characteristics of owners and renters, and race and Hispanic or Latino origin groups. The information will be available for a variety of geographic areas, with most tables available down to the neighborhood block or census tract level.
Report: Average rent more than SSI payment
The national average rent for a modestly priced one-bedroom apartment is more than the entire Supplemental Security Income (SSI) of a person with a disability, according to a study released today by the Consortium for Citizens with Disabilities Housing Task Force and the Technical Assistance Collaborative (TAC).
"Priced Out in 2010" reveals people with disabilities receiving SSI need to pay 112 percent of their monthly income to rent a modest one-bedroom unit at the published fair market rent (FMR) determined by the U.S. Department of Housing & Urban Development (HUD).
HUD: Chronic homelessness down, family homelessness up
The U.S. Department of Housing & Urban Development (HUD) this week released its "2010 Annual Homeless Assessment Report to Congress."
Despite a troubled economy, the report shows homelessness up less than 1 percent from 2009 to 2010 — from 404,957 to 407,966. According to the report, more than 1.59 million people spent at least one night in an emergency shelter or transitional housing program during 2010. That's a 2.2 percent increase from the previous year.
New Census data for Vermont
The U.S. Census Bureau has released its 2010 demographic profile for Vermont.
The profile includes data on age and sex distributions, race, household relationship and type, group quarters population, housing occupancy (including vacancy status) and tenure (whether the housing occupant owns or rents).
UVM's Center for Rural Studies has more information on its Web site.