Dominion-Blvd-Corridor-Study-Approved - page 179

Appendix | 173
Household Growth
Households are projected to grow between 3,000 and 8,000
households per year through 2030 in the MSA. Moody's short-term
future household projections (6,700 annually between 2013 and 2018)
are higher than Esri's projections (approximately 4,000 households per
year). The average annual growth between 2000 and 2013 was
approximately 4,600 households per year. We would anticipate future
growth to be between 4,500-5,000 households per year based upon an
analysis of historical growth and the three sources of projections.
Household Growth
Virginia Beach-Norfolk-Newport News VA-NC MSA; 1990-2040
12,000
14,000 PROJECTED
,
8,000
10,000
2000-2013
Avg. Annual
Growth =4,600
Moody’s Projected
2013 to 2035 Avg.
Annual Growth =
4,700
TPO’s Projected
2009 to 2040 Avg.
Annual Growth =
4,800
4,000
6,000
0
2,000
199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031203220332034203520362037203820392040
Dominion Boulevard | City of Chesapeake | April 11, 2014 | E4-11982.40 28
Source: Moody’s Economy.com, Hampton Roads TPO