July 27, 2017

Puget Sound TrendsExecutive Board

Today’s Meeting

• Population trends

• Housing Unit trends

• Airport and Transit Trends

• Job Trends

Today

Continued population surgeAnnual Population Change in the Central Puget Sound

• Regional population of 4.07 million

• 82,000 added to region in 2016-17

• Only 2nd time 80K+ people added to region in a single year since 1990-91

Source: OFM, April 1, 2017 Population of Cities, Towns and Counties

0%

25%

50%

75%

100%

King County Kitsap County Pierce County Snohomish County

Rate of Growth is faster than planned2010 to 2017 Growth compared to 2010 to 2040 Forecast

• In 7 years, King County has already accounted for 45% of the 2040 planned growth

• 32% of the 30 year planned growth for the region has occurred the past 7 years

Source: OFM, April 1, 2017 Population of Cities, Towns and Counties, PSRC Land Use Vision

Annual Population Change by Component

• Natural changes in population account for 22k-24k new residents per year

• Migration has outpaced natural population change for the last 4 years

• Since 2010, 56% of the region’s population growth has been from migration

Still a Magnet for newcomers

Source: OFM, Components of April 1 Population Change

22,700

25,100

9,600

23,300

47,900

25,500

63,600

86,300

81,800

00-01 02-03 04-05 06-07 08-09 10-11 12-13 14-15 16-17

Annual Population & Housing Unit Change• Housing Units additions are

nearing early 2000 levels but the gap with population change is still large

Housing & Population Gap still wide

Source: OFM, April 1, 2017 Population of Cities, Towns and Counties & April 1, 2017 Housing Units by Cities, Towns and Counties

2.5M2.4M

2.8M 2.9M3.1M

3.6M

3.9M 4.0M

3.2M3.1M

2.9M

3.2M

+301k

+305k

+404k +375k

+484k

+430k

+529k +492k

+437k

+398k

+365k

+322k

+281k+364k

+226k +361k

+351k

+380k

+290k +337k

+232k

+238k

+142k

+195k

+ 210k

+ 194k+ 141k

0.0m

1.0m

2.0m

3.0m

4.0m

5.0m

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2017

2016

2015

2014

Source: Port of Seattle Airport Statistics, Passenger, Cargo and Operations Monthly Summary

2014 Annual Passenger Volume: 37.5 million

2015 Annual Passenger Volume: 42.3 million (+13%)

2016 Annual Passenger Volume: 45.7 million (+8%)

2017 through April: + 4%

SeaTac Airport still growing strong

Monthly Passenger Volume

Source: National Transit Database Monthly Adjusted Release, May 2017

Overall Transit Ridership still rising

75.6m 76.7m 78.3m 80.5m 82.6m 83.6m87.1m 89.0m

2010 2011 2012 2013 2014 2015 2016 2017

• Transit boardings have increased 2.2% in the first five months of 2017 (slightly faster than population growth).

Transit Boardings from January 1st to May 31st

20,600

40,800

47,50045,700

60,700

69,300

43,700

10 ot 11 11 to 12 12 to 13 13 to 14 14 to 15 15 to 16 16 to 17

A robust regional economyAnnual Employment Change as of May, 2010-2017

Source: ESD, WA Employment Estimates (seasonally adjusted) May 2017

• 43,700 wage & salary jobs added to region last year (2.1% increase)

• 328,000 jobs added to region since 2010 (19% increase)

• King and Snohomish counties have accounted for 87% of job growth since 2010

Craig Helmann206-389-2889

chelmann@psrc.org

Questions?