utilize the data tables (attached) to put together a market study for a proposed multifamily property. The study should include the following:

• Household demand forecast for the neighborhood/local area
• Multifamily housing demand in the neighborhood/local area
• Multifamily housing demand in the market segment
• Comparison of curent and proposed supply with demand

The study should also include observations on population, employment, household and housing occupancy trends on both a general market area and local area basis.

GENERAL MARKET AREA
HOUSEHOLD TRENDS - NUMBER OF HOUSEHOLDS
YEAR	US	Texas	Houston-The Woodlands-Sugar Land MSA
2010	116,716,292	8,922,933	2,072,625
2021	126,470,675	10,615,809	2,523,243
2026	131,047,364	11,454,078	2,758,679
10-21 Annual Growth Rate	0.73%	1.59%	1.80%
21-26 Annual Growth Rate	0.71%	1.53%	1.80%

	LOCAL NEIGHBORHOOD AREA
	HOUSEHOLD TRENDS - NUMBER OF HOUSEHOLDS
	YEAR	US	Texas	Sugar Land
	2010	116,716,292	8,922,933	35,732
	2021	126,470,675	10,615,809	40,342
	10-21 Annual Growth Rate	0.73%	1.59%	1.11%
	Source: Sites To Do Business (STDB) Online

	GENERAL MARKET AREA
	AVERAGE HOUSEHOLD SIZE
	YEAR	US	Texas	Houston-The Woodlands-Sugar Land MSA
	2010	2.58	2.75	2.83
	2021	2.58	2.77	2.85
	2026	2.58	2.77	2.86
	Source: Sites To Do Business (STDB) Online
LOCAL NEIGHBORHOOD AREA
AVERAGE HOUSEHOLD SIZE
YEAR	US	Texas	Sugar Land
2010	2.58	2.75	2.97
2021	2.58	2.77	2.97
Source: Sites To Do Business (STDB) Online

GENERAL MARKET AREA
HOUSING UNITS
YEAR	US	Texas	Houston-The Woodlands-Sugar Land MSA	Multifamily Units	% Multifamily
2010	131,704,730	9,977,436	2,308,205	777,865	33.7%
2021	142,853,336	11,734,675	2,762,427	950,275	34.4%
2026	148,557,779	12,619,150	3,004,217	1,015,425	33.8%
10-21 Annual Growth Rate	0.74%	1.49%	1.65%	1.84%
21-26 Annual Growth Rate	0.79%	1.46%	1.69%	1.34%
Source: Sites To Do Business (STDB) Online
LOCAL NEIGHBORHOOD AREA
HOUSING UNITS
YEAR	US	Texas	Sugar Land	Multifamily Units	% Multifamily
2010	131,704,730	9,977,436	36,963	5,840	15.8%
2021	142,853,336	11,734,675	41,279	7,265	17.6%
2026	148,557,779	12,619,150	47,168	7,924	16.8%
10-21 Annual Growth Rate	0.74%	1.49%	1.01%	2.00%
21-26 Annual Growth Rate	0.79%	1.46%	2.70%	1.75%
Source: Sites To Do Business (STDB) Online

GENERAL MARKET AREA
MEDIAN HOUSEHOLD INCOME
YEAR	US	Texas	Houston-The Woodlands-Sugar Land MSA
2010	$49,445	$50,046	$45,031
2021	$64,730	$63,524	$68,583
10-21 Annual Growth Rate	2.48%	2.19%	3.90%
Source: Sites To Do Business (STDB) Online
LOCAL NEIGHBORHOOD AREA
MEDIAN HOUSEHOLD INCOME
YEAR	US	Texas	Sugar Land
2010	$49,445	$50,046	$105,400
2021	$64,730	$63,524	$115,819
10-21 Annual Growth Rate	2.48%	2.19%	0.86%
Source: Sites To Do Business (STDB) Online

	PROJECT	YEAR BUILT	NO. UNITS	OCCUPIED UNITS	VACANT UNITS	VACANCY %
	Red Apple Apartments	2014	75	70	5	6.7%
	Orange Blossom Apartments	2015	120	115	5	4.2%
	Yellow Tulip Apartments	2017	150	130	20	13.3%
	Green Pine Apartments	2018	80	78	2	2.5%
	Blue Mountain Apartments	2019	110	95	15	13.6%
	Total		535	488	47	8.8%
	Violet Sunset Apartments (Under Construction)	2022	100	0	0	0
	*Assume a 5% optimal vacancy rate in this neighborhood/local area