New Orleans-Metairie-Kenner, Louisiana Metropolitan Statistical Area. Economic and Housing Market Conditions Pre- and Post-Katrina and Rita: A Comprehensive Market Analysis Special Report as of September 1, 2005 with updates to February 1, 2006

摘要

This analysis has been prepared for the assistance and guidance of the U.S. Department of Housing and Urban Development (HUD) in its operations. The factual information, findings, and conclusions may also be useful to builders, mortgagees, and others concerned with local housing market conditions and trends. The analysis does not purport to make determinations regarding the acceptability of any mortgage insurance proposals that may be under consideration by the Department. The factual framework for this analysis follows the guidelines and methods developed by HUD's Economic and Market Analysis Division. The analysis and findings are as thorough and current as possible based on information available on the 'as-of' date from local and national sources. As such, findings or conclusions may be modified by subsequent developments. HUD wishes to express its appreciation to those industry sources, and federal, state and local government officials who provided data and information on local economic and housing market conditions. Hurricanes Katrina in late August and Rita in September 2005 devastated the New Orleans-Metairie-Kenner, Louisiana Metropolitan Statistical Area. The destruction of infrastructure, commercial buildings, and residential housing units significantly impacted the economy and housing markets of the metropolitan area. The current statistical data used in the analysis has an as-of date of September 1, 2005, and excludes the impact of the hurricanes. Any comments and estimates, which are included in reference to market conditions between September 1, 2005, and February 1, 2006, are based on the best information available that was obtained from local sources during fieldwork. This analysis takes into consideration changes in the economic, demographic, and housing inventory characteristics of the market area during two periods: from 1990 to 2000, and from 2000 to the as-of date of the analysis-September 1, 2005 (Current date). In the analysis, 1990 and 2000 refer to the dates of the decennial census-April 1 unless specified otherwise. This analysis presents counts and estimates of employment, population, households, and housing inventory as of the 1990 Census, 2000 Census, and Current date. Housing market conditions are updated where possible to February 1, 2006.