Saturday, November 11, 2006

Housing Report for Napa

In Napa, there were a total of 52,167 homes in 2005. The metro area has experienced a medium-high growth level in the number housing units, adding a sum of 3,043 residential units since 2001, or 6.2 percent.

Napa recorded a median home value in 2005 of $603,900, according to the American Community Survey. This median is greater than the overall California 2005 home median value of $477,700 and greater than home value of $167,500 across the United States during the same year.

Looking across the State of California, Napa is positioned 17 of the 26 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 156 of 361, comparing the percentage change in residential real estate in other US MSAs.

According to the data, there is a limited amount of housing that is affordable in Napa, California. In 2005, only 9.8 percent of residential real estate was valued under $125,000.

Napa can be understood as having an extremely high proportion of high-valued homes. For the year 2005, the American Community Survey accounted that 65.6 percent of owner-occupied dwellings were valued over a half a million dollars.



Data Source: U.S. Census Bureau

Sunday, November 05, 2006

Employment Report for Napa, California -- Annual 2005 Industry Summary

A high-wage industry in Napa is the utilities sector paying an annual wage of $70,668. Locally, since the year 2001, the annual average pay of the industry has grown by 37.6 percent or $19,295. The State of California shows a similar pattern in the utilities industry, ranking near the top of sectors by 2004 industry pay.

Transportation and Warehousing is the industry that has seen the largest increase in jobs from the year 2001 to the present in Napa, moving a total of 31.4 percent. This is greater than the change of total jobs in the industry for the United States of -1 percent. The State of California felt a shift in employment in the industry of -6 percent, from 2001 to 2005.

In Napa, Agriculture, forestry, fishing and hunting, Manufacturing and Accommodation and food services are the three industries with the highest location quotients. The Agriculture, forestry, fishing and hunting industry has a US LQ in the region of 7.94. The percent of employment in the Agriculture, forestry, fishing and hunting industry is 7.94 times greater than the national average, signifying that Napa produces more than its local requirement of products and/or services of Agriculture, forestry, fishing and hunting.

Manufacturing has the largest businesses in Napa Metropolitan Area (MSA), averaging 29 workers per each place of employment, being less than the industry's average at the national level of 39 and less than the State of California establishments size average of 32 for the Manufacturing industry.

In Napa, Manufacturing, Accommodation and food services, and the Retail Trade industries have the largest percent of jobs of all industries. The Manufacturing provides the most jobs and contributes 20.3 percent of all jobs throughout the region, totaling 11,337 employees. The Accommodation and food services and Retail Trade industries make up 13.9 and 11.3 percent of industry employment.

Health care and social assistance between the years 2001 and 2005, saw the greatest loss in employment in the Napa Metro Area. The sector dealt with a loss of 264 total jobs during the period, accounting for 4.2 percent of industry's employment. The industry declines made up 36.2 percent of all Metro Area employment losses since 2001.





Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).

 

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