Laserfiche WebLink
Exhibit 12: Change in Total Housing Units, Louisville and Comparison Geographies, 2011-2021 <br />Source: ACS 5-Year Data Tables, 2007-2011, 2017-2021 <br />Erie <br />6,049 <br />10,085 <br />4,036 <br />67% <br />Lafayette <br />10,193 <br />12,944 <br />2,751 <br />27% <br />Longmont <br />34,477 <br />40,908 <br />6,431 <br />19% <br />Louisville <br />7,773 <br />8,665 <br />892 <br />11% <br />Boulder County <br />126,444 <br />139,302 <br />12,858 <br />10% <br />Boulder <br />43,631 <br />45,304 <br />1,673 <br />4% <br />Superior <br />4,597 <br />4,790 <br />193 <br />4% <br />ACS data is survey -based and tends to lag in time, so to supplement housing development <br />trends, ECONorthwest examined the City's building permit data from 2016 to 2023.1 Residential <br />development in Louisville began to decline substantially between 2018-2021. The sharp increase in <br />units between 2022-2023 is almost entirely due to the permitted replacement units from the <br />Marshall Fire. 96% of units permitted between 2022-2023 were Marshall Fire - Single Family <br />Detached units. <br />Exhibit 13: Louisville Permit Data by Housing <br />Type and Stage of Completion, Louisville, <br />August 2015 - May 2023 <br />Source: City of Louisville <br />250 <br />200 <br />150 246 <br />100 <br />50 105 7 <br />71 <br />0 27 <br />Marshall Multi -Family Single Single <br />Fire -Single Family Family <br />Family Attached Detached <br />Detached <br />Certificate of Occupancy Issued <br />Housing Market Trends <br />Ownership Housing <br />Exhibit 14: Louisville Annual Residential Permit <br />Data by, Louisville, 2016 - May 2023 <br />Source: City of Louisville <br />140 <br />120 <br />D 100 <br />° 80 <br />E 60 <br />z <br />40 <br />20 <br />0 <br />2016 2017 2018 2019 2020 2021 2022 2023 <br />As of 2023, Louisville had an average home sales price of $831,000, second highest behind <br />Boulder. The average home price in Louisville is about $150,000 higher than the County overall. <br />5 City permit data collection changed in 2015, so we have only examined 2016-2023. <br />Louisville Housing Plan Part 2: Housing Needs and Market Assessment 18 <br />