18
Economy and Housing Research Polly Jackson, Stuart Morris 23 rd March 2015
| Date post: | 17-Jul-2015 |
| Category: |
Documents |
| Upload: | cambridgeshireinsight |
| View: | 515 times |
| Download: | 1 times |
Economy and Housing
Research
Polly Jackson, Stuart Morris
23rd March 2015
“It’s the economy1 stupid”
1. Which is very closely linked with the housing market for many reasons including: land prices, house prices, population age structures, commuting patterns, retail locations, future employment trends, migration patterns, land availability, local earnings, strengths in industrial sectors, unemployment, the list goes on….
How many?
0
5,0
00
10
,00
0
15
,00
0
20
,00
0
25
,00
0
30
,00
0
35
,00
0
40
,00
0
45
,00
0
50
,00
0
55
,00
0
60
,00
0
65
,00
0
70
,00
0
75
,00
0
Number of homes to be built in
Cambridgeshire 2011-31
Number of homes sold in
Cambridgeshire in 2014
People claiming JSA in Cambridgeshire
Dec-14
Total social rented stock
A format to suit everyone
www.cambridgeshireinsight.org.uk
Economic evidence: East of England Forecasting Model (EEFM)
Jobs Population Housing
Cambridgeshire population forecasts
560
590
620
650
680
710
740
770
800
2011 2016 2021 2026 2031
Po
pu
lati
on
(000s)
EEFM high migration
EEFM lost decade
EEFM baseline
Census trend
CCC housing targets
LEFM RG Pop
ONS 2011-based projections
LEFM baseline
ONS 2010-based projections
CCC natural change
CCC no build
East of England Forecasting Model (EEFM)
People Business Place
Local Economic Assessment
People Business Place
Local Economic Assessment
People Business Place
Local Economic Assessment
Cambridgeshire JSA claimant count unemployment : Total claimants aged 16-64 (Feb-04 to Dec-14)
People Business Place
Workplace destination of employed residents aged 16-74 who live in East Cambridgeshire: proportion of total employed resident population aged 16-74 (2011)
Local Economic Assessment
Housing Research
• Strategic Housing Market Assessment
– Assessment of housing requirement
– Assessment of affordable housing need
– Market signals: House Prices, Rents, Affordability, Supply of new homes, Overcrowding and Homelessness
• Rural housing profiles
• Fuel poverty atlas and benefits changes atlas
New developments surveys• 2006-2012: 7 surveys of about 35 sites, including
Cambourne and Red Lodge.
• Asking about household type, where they have moved from, employment and travel, and things people like/dislike about new developments
• Individual reports for each survey and comparison report: http://www.cambridgeshireinsight.org.uk/housing/housing-research/new-housing-development-surveys
Population
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
New town Substantial In-fill All new developments Sub-Region (2011)
Pe
rce
nta
ge o
f p
op
ula
tio
n
Development Type
Under 16 17-29 30-44 45-59 60+
New homes for local people
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0 <2km <5km <10km <20km <30km <40km <60km
Pe
rce
nta
ge o
f n
ew
de
velo
pm
en
t h
ou
seh
old
s
Distance moved from previous home
Cambridge and South Cambs - a major economic centre
• 63% of Cambourne residents work in City/South Cambs. 27% of Red Lodge residents employed in this area.
• Cambridge is a major centre for non-food shopping.
• Good road links to employment centres are important. More than three-quarters of respondents travel to work by car.
But Cambridge is an expensive place to live!
Cambridge Cambourne Red Lodge
Total properties sold 1,753 279 164
Sold for under £150K (Number) 90 28 40
Sold for under £150K (Percentage) 5% 10% 24%
0
10
20
30
40
50
60
70
80
Cambridge Cambourne Red Lodge
Ho
me
s so
ld f
or
less
th
an £
15
0,0
00
Detached Semi-detached Terrace Flat/maisonette
Price compared to other areas was an important reason for choosing to live in Cambourne and Red Lodge, even though they are more expensive than neighbouring villages. But when you compare them to Cambridge…
© Crown Copyright (2015) The Land Registry
Summary
• Knowledge about the economy and housing are important in supporting council priorities around helping people live well independently in a safe environment and leading a healthy lifestyle, supporting a prosperous economy.
• We have a range of resources available around housing and the economy including the EEFM, SHMA and new developments surveys.
@CambsInsight
pinterest.com/cambsinsight
Cambridgeshire Insight
Come visit us! Shire Hall – Room 015
W: www.cambridgeshireinsight.org.uk
T: 01223 715300
Coming soon
Thurs 26th: Consultations, Customer Insight, and Community Safety
