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' WARREN & ASSOCIATES <br />annual growth rate forecasted between 2009 and 2020 would be 2.3% less than the 6.1% growth <br />rate experienced between 2000 and 2009. <br />Table 16: Residential <br />Population 17,700 21,900 26,800 9,100 51.4% <br />Households 6,400 7,900 9,700 3,300 51.6% <br />Housing Units 6,700 8,300 10,200 3,500 52.2% <br />Source: ESRI, Warren & Associates <br />Based on a 2.78 - person average household size and a 5% vacancy rate, approximately 3,500 new <br />housing units are forecasted for the Planning Area between 2009 and 2020. Single - family <br />residents could account for 78.9% of the forecasted new housing units, less than the 92.5% share <br />in 2000 (Table 17). An additional 35O townhouse units are forecasted for the Planning Area. <br />Table 17: Housing Unit Delivery <br />)recast, Planning Area, 2009 -20: <br />Single - Family 200 1,100 1,45012,7501 78.6% <br />Townhouse 0 150 2001 3501 10.0% <br />Apartment 0 150 2501 4001 11.4% <br />Source: Warren & Associates <br />There are currently no apartment communities containing over 25 units in the Planning Area. As <br />higher- density and mixed -use development emerges, approximately 400 new apartment units <br />could be completed by 2020. At an average size of 200 units, this would equate to two <br />communities. <br />6.3 Remaining Development Capacity <br />There are 23 entitled residential developments in the Planning Area, of which 13 are under <br />construction and being actively marketed and ten are proposed (Table 18). <br />Table 18: <br />2009 -2020 <br />ng <br />There are 2,256 lots remaining unoccupied or undeveloped in the entitled communities, or 65% <br />of the total approved inventory of 3,46O lots. By 2020, there would be a deficit of 1,244 lots if <br />no new developments emerge in the Planning Area. <br />March 2010 APPENDIX D: HALUP MARKET ANALYSIS 26 <br />AUGUST 2010 <br />Attachment number 2 <br />G -1 Page 435 <br />Source: Warren & Associates <br />