Local governments across the country have come under increasing fiscal strain in recent years, with several being forced to declare bankruptcy. The problems range from pension programs and decaying infrastructure to falling revenues from industrial and sales taxes as manufacturing gets offshored and shopping happens online. In Virginia, cities are further constrained by annexation laws that prevent them from expanding with their metropolitan area and gaining revenue from greenfield development or wealthier suburbs.
New home construction rose over 23 percent in Virginia between 2012 and 2013, according to building permit data collected by the Census Bureau and the Weldon Cooper Center. In suburban counties, the number of new homes built during the past year increased much more than in urban localities, but construction levels still remain a fraction of those seen during the early 2000s housing boom.
Homes Built Annually in the Mid Atlantic
Click on arrows at bottom of slideshow to scroll through years
The Weldon Cooper Center, under contract with the Virginia Employment Commission (VEC), developed and released in 2012 the most recent round of official state population projections for Virginia. These projections, consistent with others commissioned or developed in the past by the VEC, focus primarily on trends in the number of people currently living in Virginia and expected to live in Virginia ten, twenty, and thirty years from now
It’s one thing to think about growth in terms of numbers of people, but another to think about it in spatial terms – as the growth of physical urbanized areas. For a while now, I’ve been working on a GIS model that will do that. I’ve posted it before on my own blog, but since then I’ve cleaned it up and made it follow our regional population projections more rigidly.
Here’s a land cover raster (an image showing what primarily covers each 15Mx15M square of land) of Virginia in 2006. All developed land is in red. It’s a great image of the shape of our metro areas.
The recently released 2010 Survey of Consumer Finances data from the Federal Reserve Board has quantified what we knew to be true in the post-recession years: wealth levels have dropped, dramatically. The story of the average American family, however, like all averages, hides substantial variation in experiences. When we examine trends in net worth (total assets minus total debts) between 2001-2010 by family position in the income distribution, three different stories emerge. Continue reading →